Author: Piyush S Verma
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India: Wire rod prices extend gains in Raipur
Raipur-based steel wire rod producers have increased prices further by INR 500/t d-o-d to INR 55,500/t exw today. Around 2,900 t deals were recorded in the spot market at the price range of INR 54,800-55,200/t exw. Rising raw material costs in key markets and moderate booking orders resulted in an increase in prices, SteelMint learned.