Author: Piyush S Verma
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India: Wire rod buying enquiries remain low in major markets
Domestic IF-route steel wire rod market saw limited buying enquiries in major supplying regions. Dull sentiments and consistently falling semi-finished steel prices in northern and central regions have made buyers cautious. Around 2,000 t deals were concluded by few suppliers of Raigarh and Raipur at INR 51,200-51,600/t exw and FOR basis.