India’s induction furnace-route steel wire rods trades and transactions remained weak on 22 Nov’22. Sharp fall in semi-finished steel prices in key markets turned purchase enquiries very dull. Today, Raipur-based most of the manufacturers didn’t observe any deals on floated offers at INR 48,000-48,500/t exw and only around 1,700 t deals concluded by some resellers at INR 45,500-46,000/t exw and FOR Raipur.
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