India: Raipur wire rod offers stable, trade discounts increase

Raipur wire rod manufacturers kept prices unchanged consecutively for the second day at INR 64,500/t exw on 20 Apr’22. Despite limited trade, prices remained supported on the back of healthy previous booking orders with mills. However, trade discounts via resellers remained high at over INR 2,500/t owing to limited purchase enquiries and weak steel billets market.


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