Iron Market Report

Date: May 5, 2025

1. Global Market

China: The market remained closed from May 1 to May 5 due to Labour Day Holidays.

2. Domestic Market (Mandi Report) Ingot & Old Scrap: Prices saw a decline during the past week. Weekly Trading Range (Ingot): ₹42,000 – ₹44,000 per ton

3. Secondary Steel Market: Due to weak demand, the secondary steel market experienced a downward trend. Primary TMT Market – Prices remained stable.

Major Markets: Mandi Gobindgarh, Delhi, Gujarat, Raipur, Durgapur, Hyderabad, Jalna, Nagpur, etc.

4. Expert View : According to market experts, there is a possibility of a price recovery in ingot and old scrap this week.