Iron Market Trend – 06 May 2025

🔹 Global Market – China:

The ferrous metals segment showed a mixed trend today.

• Gains: Iron ore, HRC (Hot Rolled Coil), Stainless Steel

• Declines: Rebar, Coking Coal, Coke

🔹 Domestic Market (Mandi):

• Ingot & Old Scrap: Prices remained stable yesterday but are showing a positive trend today.

• Ingot Trading Range Today: ₹42,500 – ₹43,100 per ton

🔹 Secondary Steel Markets:

• Due to weak demand, prices declined in the secondary steel segment yesterday.

• In contrast, the primary TMT market remained stable.

Key Markets:

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

🔹 Expert View:

According to market experts, a recovery in ingot and old scrap prices is expected in the domestic market today.