Induction furnace route steel wire rod manufacturers in Raipur, Chhattisgarh, increased prices today by INR 800/t to INR 54,000/t exw. Active buying enquiries and transactions today drove manufacturers to increase offers, not to mention the additional support offered by rising billet prices. However, trade discounts in the spot market offered by the resellers stood at around INR 500-700/t, SteelMint learnt from sources.
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