India: Wire rods trade weakens at higher prices in Raipur

IF-route steel wire rods manufacturers saw dull buying enquiries today. However, suppliers kept same offers due to previously adequate booking orders in their hands, but higher offers were resisted by resellers. As a result, spot trades fell d-o-d. Around 500 t of deals were concluded by some resellers at INR 48,200-48,300/t and in Durgapur 1,150 t of deals at INR 48,500-48,600/t exw.


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