India: Wire rod buying enquiries remain weak in Raipur

After selling decent quantity till late hours yesterday, steel wire rod suppliers in Raipur, Chhattisgarh again observed weak buying enquiries in today’s trading session. Only a few deals totalling 1,550 t were reported by Raipur and Raigarh-based suppliers in the price range of INR 50,700-51,100/t exw and FOR basis. Highly volatile semi-finished steel prices have impacted the wire rod trading activity, SteelMint learned.


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