Induction furnace-route steel wire rods market observed limited buying enquiries in today’s trading session. Marginal trades occured after suppliers started offering discounts as buyers were reluctant to procure material at higher offer prices. Deals of 1,700 t and 1,600 t at INR 48,000-48,400/t were recorded in Raipur and Durgapur makets, respectively. Prices are expected to remain rangebound in the near-term, SteelMint learnt.
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