Wires prices increased in India by primary & secondary manufacturers. RINL increased Wire Rod offers by INR 600/MT for Feb’14, while it raised by INR 800-1,800/MT M-o-M by secondary manufacturers.
RINL, an Indian government-owned steel producer (Visakhapatnam) has raised its Wire Rod offers by INR 600/MT.
RINL Wire Rod Prices are as follows:
|
Wire Rod |
7 mm |
8 mm |
|
Vizag |
43,900 |
43,800 |
|
Ludiana |
45,100 |
45,000 |
|
Chennai |
44,550 |
44,450 |
|
Mumbai |
44,600 |
44,450 |
|
kolkata |
44,550 |
44,450 |
ED included Price in INR/MT, VAT Extra
In secondary, Durgapur Wires prices jumped by INR 1,800-1,900/MT in a month’s time owing to shortage of materials, whereas Raipur offers moved up by INR 800-900/MT on an average demand.
A native Wire Rod trader in Durgapur said, “Wire prices increased in good accent from past few days in the city. Wire Rod prices have risen by 5% M-o-M because of low availability but buying interest is normal.”
Secondary Wires Prices as on 07 Feb, 2014
|
Item |
Size |
Durgapur |
Raipur |
|
MS Ingot |
3.5×4.5 inch |
30,500 |
30,200 |
|
Wire Rod |
5.5 mm |
35,500 |
35,300 |
|
HB Wire |
12 Gauge |
37,550 |
37,200 |
|
Binding Wire |
20 Gauge |
42,200 |
40,700 |
Note: Basic Price in INR/MT. ED and taxes extra
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