Wire rod manufacturers in Raipur have increased offers today by INR 1,300/t to INR 52,800/t exw on d-o-d basis and trade discounts are reported at INR 700/t via sellers. However, traders are offering discounts at INR 1,000/t depending upon the requirement in the market which is moderate as observed by most participants. Rising steel billet prices have forced suppliers to keep prices high.
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