Induction furnace route steel wire rod manufacturers in Raipur (Chhattisgarh) increased prices further today by INR 400-700/t to INR 51,700-52,000/t exw. Shortage of material and active buying inquiries and transactions over the last couple of days has pushed manufacturers to increase their offers. Trade discounts in the spot market via the resellers are around INR 700/t, SteelMint learnt from sources.
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