Category: Wire Rod
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Central India: Wire rod prices likely to remain supported on supply shortage
An integrated plant-based in Raipur, Central India is likely to suspend wire rod production for around 20-25 days due to capacity enhancement, sources have reported to SteelMint. The mill has wire rod-making capacity of about 30,000-35,000 t per month. Hence, suspension of operations may result in a supply shortage in the spot market. Wire rod…