Author: Piyush S Verma
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India: Wire rod enquiries remain subdued in major markets
Steel wire rod buying enqiruies weakened in key markets of Raipur, Chhattisgarh and Durgapur, West Bengal. In Raipur, around 800 t deals were concluded by a few resellers at INR 51,900-52,200/t exw. Manufacturers increased offers by INR 300/t to INR INR 53,000/t exw but no major trade were concluded at higher prices. Prices in Durgapur…