India: Wire rod trade discounts remain high on weak sentiments

Raipur-based steel wire rod suppliers kept trade discounts on the higher side at over INR 2,500/t. Weak sentiments and fall in semi finished steel prices slowed down purchase enquiries and trading activities in the spot market. This pushed traders to offer attractive discounts to liquidate their material. However, wire rod manufacturers kept offers stable at INR 67,000/t d-o-d.


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