Steel Market Update

Advisory Bazaar Info Services

🔹 DCE Iron Ore Futures:

Today, DCE Iron Ore futures opened higher and then retraced, showing relatively strong fluctuations throughout the day. The most actively traded contract I2509 finally closed at 732.5 yuan/ton, up by 0.62% on the day.

🔹 India – Mandi Gobindgarh Market:

MS Ingot and Old Scrap prices traded with a slight upward movement today. TMT bars witnessed a slight decline, followed by stable trading.

🔹 Stainless Steel Products (India):

Prices of flat and long stainless steel products showed a marginal week-on-week increase, driven by moderate demand in the domestic market.

🔹 LME Nickel Update:

Global nickel prices on the London Metal Exchange (LME) also recorded a slight uptick.