Author: Piyush S Verma
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India: Raipur wire rod market sees limited trade d-o-d
Steel wire rod prices remained high in Raipur market with manufacturers quoting offers at INR 56,500-56,800/t exw today. However, limited trade of around 1,900 t was recorded in the spot market at INR 55,800-56,200/t exw. Currently, margins from steel billet (100*100mm) to wire rod (5.5mm) stand at around INR 4,500/t. Wire rod prices in the…