India: Raipur wire rod prices range bound, trade remains moderate

Induction-furnace route steel wire rod prices in Raipur saw marginal fluctuations in last few days while trade continues to remain moderate. In today’s trading session, around 3,350 t deals were concluded in the spot market at the price range of INR 51,800-52,400/t exw. However, due to a high disparity between bids and offers, few mills couldn’t conclude any major deals till the reporting time.


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