Induction furnace-route steel wire rod manufacturers in Raipur, after completing bulk bookings yesterday, increased prices today by INR 1,000/t to INR 54,000/t exw. However, buying enquiries were slow amid higher prices. Around 2,400 t of deals were recorded in the spot market. Trade discounts via resellers were over INR 1,200/t. Prices in Durgapur market were at around INR 53,300/t exw.
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