Wire rod prices has increased in Durgapur & Raipur by almost INR 1,000/MT from mid of June.
Since the beginning of this month, Wire rod offers have been continuously falling but bounce back from the mid of June. It is expected that prices will remain in range bound in near future. Although, price rise is not due to increased demand from the end-user, increase in raw material prices is the main reason.
Price rise of Wire rod & HB subsequently increases the prices of binding, G.I and barbed wire. Market seems to be very volatile & unpredictable and it is likely to remain same for some time. It is anticipated that demand of barbed wire, which is used in fencing, will increases as monsoon has approached.
Binding wire prices in Raipur are cheaper by INR 500/MT as compared to Durgapur offers. Currently, it is being offered at INR 53,500/MT (including all taxes) in Raipur; however it is at INR 54,000/MT (including all taxes) in Durgapur.
Comparison of Wire Rod Prices in Durgapur & Raipur for June, 2014
Basic price in INR/MT
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