India: Wire rod prices in Raipur stay stable, limited trades reported

Domestic steel wire rod manufacturers in Raipur, Chhattisgarh kept offers stable d-o-d at INR 54,600/t exw. However, limited trade was seen in the spot market. About 2,300 t material was sold by a few prominent suppliers at a price range of INR 54,000-54,300/t. Adequate future booking orders and delay in deliveries still supported manufacturers to keep prices on the higher side, SteelMint learned.


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