India’s induction furnace-route steel wire rods trades remained weak on bearish market sentiments. Today, Raipur-based manufacturers reduced the offers by INR 1,000/t to INR 46,000/t exw. Despite this, no major buying enquiries were noticed by most of the sellers even after giving attractive trade discount of over INR 1,000/t. However, some traders concluded around 1,200-1,300 t deals at INR 44,200-44,600/t exw.
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