The steel wire rod market in Raipur observed lack of trade enquiries and transactions during yesterday’s trading session, which forced manufacturers to lower prices today by INR 1,500/t to INR 56,000/t exw. Highly volatile semis prices in key markets impacted trading activities that piled pressure on the suppliers. However improve trades observed today in the spot market and tradable discounts around INR 500-700/t.
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