India: Wire rod offers stable in Raipur, trade discounts increased on weak buying

Raipur wire rod offers remained stable today at INR 56,000/t exw d-o-d. Weak sentiments and fall in semi-finished steel prices impacted trade activities. Around 1,300 t deals were concluded by a few players. Trade discounts of up to INR 2,000/t were given depending upon the quantity and delivery terms.


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