Induction furnace-route steel wire rod manufacturers in Raipur further increased prices today by INR 1,500/t to INR 64,500/t exw d-o-d, with trade discounts of INR 500/t. The rising trend in wire rod prices continued, supported by higher raw material costs and active demand in the market. However, trade discounts via resellers in the spot market are at around INR 2,000/t.
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