India: Wire rod trade remains dull in Raipur on weak sentiments

IF-route wire rod trade continued to remain weak in Raipur. Around 750 t deals were concluded by few resellers in the price range of INR 51,700-52,000/t exw in today’s session. However manufacturers continue offering at INR 52,800/t exw, stable for the third consecutive day on healthy bookings. Meanwhile, buyers are cautious about bulk procurement amid unclear price trends.


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