Author: Piyush S Verma
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India: Wire rod trading impacted by uncertain market trends in major locations
Steel wire rods trade remained limited in major markets owing to uncertain market trends becasue of highly volatile prices in semi finished steel in key regions. Around 2,400 t of deals were concluded by some Raipur-based manufacturers and traders at INR 47,600-48,300/t exw while 1,450 t were sold by Durgapur suppliers at INR 47,500-47,800/ exw.