India: Bid-offer disparity weighs on wire rod trade in Raipur

Steel wire rod trades in Raipur, Chhattisgarh remained weak for the third straight day. Only 600 t deals were concluded by a few traders today due to the disparity in bids and offers. Offers were floated in the range of INR 53,000-54,000/t exw by mills depending upon the availability of the material and previous booking orders. Meanwhile, resellers were offering at INR 52,000-52,300/t exw.


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