Induction furnace route steel wire rods market today saw weak purchase enquiries in major supplying markets. Around 1,300 t trades reported by few resellers in Raipur at INR 50,500-50,900/t exw. Approximately 1,750 t deals concluded by suppliers based at Durgapur market at INR 50,000-50,500/t exw. Sharply falling prices of semi-finished steel in key markets impacted the trading activities in wire rods in spot market.
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