Category: Wire Rod
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India: Wire rod trade discounts rise in Raipur market on bid-offer disparity
Trade discounts for wire rod remain high at around INR 1,500-1,800/t on 31 Jan’22 offered by the resellers in Raipur, central India. However, the base offer has been kept stable by the manufacturers at INR 53,200/t exw. Fall in semi-finished steel prices in key markets created a disparity between bids and offers among traders which…