Induction furnace-route steel wire rods market witnessed an active trading session today. The statement regarding the closure of Odisha-based sponge iron mills for a month caused panic in the market since traders anticipated an increase in the price of raw material in the coming days. Deals for around 10,000 t at INR 48,300-49,000/t exw were recorded in Raipur and 3,200 at INR 48,300-48,700/t exw in Durgapur markets.
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