India: Wire rod prices stay firm on rising raw material costs

Induction furnace wire rod manufacturers in Raipur have increased prices today by INR 500/t to INR 50,000/t exw, with trade discount at INR 500/t. However, trade discounts via resellers hover at around INR 1,000/t, depending upon buying enquiries which are moderate in the spot market. The sustained rise in raw material prices are providing support to wire rod prices.


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