Indian Wire Rod Prices have corrected by INR 200-400/MT from last trade.
In Raipur and Durgapur Wire Rod prices have come down by INR 200-400/MT from last trade. Industry demand for Wire Rod is not encouraging from past few days owing to festive season and fall in semi finished and finished steel prices all over India.
Presently in Raipur, 5.5 mm is traded at INR 38,350/MT and in Durgapur the same is offered at INR 36,800/MT. Prices include VAT
RINL, a Primary Wire Rod producer has kept their offers unchanged for 8 mm size. Whereas a negligible hike of INR 50/MT has been made in 7 mm size.
Vizag
Wire rod 7 mm at INR 42850/MT
Wire rod 8 mm at INR 42750/MT
Prices include ED, VAT Extra.
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