Induction furnace-route steel wire rods market remained weak in major markets. Today, around 1,700 t deals were reported by few manufacturers and resellers based at Raigarh and Raipur at INR 44,800-45,300/t exw & FOR Raipur. SteelMint learned that buyers opted wait-and-watch mode amid declining steel billets prices and weak market sentiments in the key regions. Prices in Durgapur market stand at INR 45,800-46,000/t exw.
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