Raipur-based wire rod manufacturers lowered prices today by INR 1,500/t to INR 62,500/t exw. This came after prices were hiked by INR 1,000/t in late evening yesterday but buying inquiries were limited at those levels owing to festive mood. As a result, manufacturers decided to decease their offers today. Trade discounts are at over INR 1,000/t.
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