India: Wire rod offers increase by INR 600/t in Raipur on improved trading

  • Raipur-based steel wire rod producers have increased prices by INR 600/t d-o-d to INR 52,600/t exw today.
  • Around 4,700 t deals were recorded in the spot market at the price range of INR 51,500-52,000/t exw. Meanwhile, a few deals were also concluded from Odisha market at around INR 51,800/t FOR basis.
  • Rising semi-finished steel prices in key markets led to an improvement in buying activity, SteelMint learned.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *