India: Wire rod market observes weak buying enquiries on higher prices

India’s induction furnace-route steel wire rods trades and transactions remained weak on today’s trading session. High volatility and uncertainty in semi-finished steel prices in key markets slowed down purchase enquiries. Today, Raipur-based some suppliers observed that buyers are less interested to procure on higher prices, and only around 1,250 t deals concluded at INR 46,600-47,000/t exw.


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