India: Wire rod market sees improvement in buying enquiries

Steel wire rods market of induction furnace route witnessed a marginal improvement in buying enquiries in major markets. In Raipur, around 3,000 t deals were reported by few manufacturers and traders at INR 50,700-51,200/t exw. Prices vary depending upon the dispatch condition and payment terms. Meanwhile, in Durgapur market around 1,900 t deals were concluded by few suppliers at INR 49,800-50,000/t exw.


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