“Wire Rod in Raipur is down by Rs 200/MT and is trading at
Rs 38,500/MT (Basic).
Prices might correct further by Rs 200-300/MT more in the
near term as buyers are reluctant to take position at these levels.
Demand is not coming up in finished products from last two
to three days,” said manufacturers in Raipur.
HB Wire (12 Gauge) prices also slip by Rs 200/MT and is
offered at Rs 40,200/MT (Basic).
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