Induction furnace-route steel wire rod manufacturers increased offers by INR 200/t d-o-d to INR 51,900/t exw. However, limited deals were recorded at the increased levels. Around 1,500 t deals were concluded by few suppliers in the price range of INR 51,100-51,300/t exw. Highly volatile trends in semi-finished steel market have made buyers cautious, thereby, impacting bulk trade.
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