Wire rod manufacturers based in Raipur and Duragpur has reduced offers by INR 300- 800/MT in a week’s time. Major price fall is recorded in Durgapur by INR 800/MT, followed in Raipur by INR 300/MT.
Due to upcoming festive season, wire rod products trades remained slow, thereby creating less demand for finished products.
Wire rod and HB manufacturers based in Raipur are offering trade discount in the range of INR 500/MT last week, depending on the quantity of material lifting.
Currently in Durgapur, 5.5 mm wire rod and HB 12G are available at INR 24,600/MT and INR28,300/MT respectively. Plants in Raipur are offering the same grade material at INR 26,300/MT and INR 28,300/MT respectively. Prices are basic.
Offers for 12G GI and 12G barbed wires are assessed at INR 31,700/MT and INR 33,000/MT in Raipur W-o-W. All prices are basic.
Indian billet and wire prices as on 24 Oct’16
| City | MS Billet | W-o-W | 5.5 mm Wire Rod | W-o-W | 12G HB Wire | W-o-W | 20G Binding Wire | W-o-W |
| Raipur | 20,700 | -300 | 26,300 | -300 | 28,300 | -300 | 30,800 | -700 |
| Durgapur | 21,600 | -200 | 24,600 | -800 | 26,300 | -800 | 33,100 | -100 |
Basic prices in INR/MT; ED and VAT/CST extra
Source: SteelMint Research
Note: Prices are basic
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