India: Wire rod prices edge lower on limited trades in Raipur

Raipur-based steel wire rod manufacturers saw limited trade enquiries and transactions over the last couple of days and so prices today fell by up to INR 800/t to INR 52,700/t exw. Weak sentiments in the semi-finished steel market resulted in dull trading activity that pressured the resellers to offer trade discounts of INR 1,200/t, sources informed SteelMint.


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