India: Raipur wire rod market waits for buyers to return after holidays

Induction furnace-route wire rod market remained mostly quiet as buyers were yet to return after holidays. Today, around 1,000 t of deals were concluded by a few manufacturers and traders in Raipur and Raigarh at INR 50,600-50,900/t on exw and FOR basis. Most suppliers said that lifting of the previously booked material is slow and buyers were less active in placing new orders.


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