Induction furnace-route steel wire rod trade recovered slightly compared to last couple of days in major markets, specifically Raipur. Around 2,900 t deals were concluded by few traders and manufacturers at INR 51,400-51,700/t exw-Raipur and around 1,650 t deals were concluded by Durgapur suppliers at INR 51,000-51,300/t exw. However, it has been see that buyers are still cautious about bulk procurement.
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