Raipur-based steel wire rods suppliers kept trade discounts high at around INR 1,500/t today. Weak market sentiments and falling semi-finished steel prices have slowed down trading activity which compelled traders to offer more attractive discounts in order to liquidate material. However, disparity was observed in offers floated by the manufacturers: while a few producers quoted at INR 50,500/t others kept offers stable at INR 51,500/t.
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