Author: Sandeep Goyal
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Indian Wire Market remains Weak; shows no Sign of Recovery
Wire Rod prices continued to slip further and have declined by INR 900-1,200/MT M-o-M. While, imported Billet from China continues to hamper Indian domestic prices. Wire market continued to remain sluggish with prices maintaining a declining level. At present, demand in the domestic market is very weak to support the prices. Surplus inventory of imported…