Manufacturers of Wire Rod, of size 5.5 mm in places like Raipur and Durgapur cut offers. Other Wires also witness correction in the range of Rs 300-500/MT.
Raipur: As Ingot and Billet, which are important materials for making Wire Rod have been on the lower side from past one week, Wire Rod manufacturers reduced their offers accordingly.
Durgapur: Weak demand of finished material resulted in downtrend of prices. Traders do not expect an improved market in the near term.
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