Author: Sandeep Goyal
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Indian Wire Rod Mills Maintain Margins Despite Slow Off-take
Mid sized Wire rod mills which are largely based in Central & Eastern India are maintaining conversion (margins) on average basis even though the demand is not up to mark. As per data maintained by SteelMint, the mills in Durgapur & Raipur are trading wire rod and maintaining conversion of INR 5,000-5,500/MT from Billet (induction…