Author: Nishtha Mukherjee
-
India: IF-grade wire rod offers increase by up to INR 4,000/t ($54)
Induction furnace(IF)-route wire rod (5.5 mm) offers across major locations in India increased sharply by up to INR 4,000/t. Better demand and a surge in sponge iron and billet prices led to the rally in wire rod prices, SteelMint understands. Offers of IF-grade wire rods in Raipur, Chhattisgarh increased sharply by INR 4,000/t d-o-d to…