Wire rod trade enquiries in Raipur, central India saw a slight recovery as around 3,200 t deals were concluded at INR 51,700-52,000/t exw in today’s session. Meanwhile, due to prolonged weak demand and amid rising selling pressure, manufacturers have lowered offers by INR 1,000/t to INR 52,500/t exw. It is observed that uncertain market direction has made buyers cautious and bulk trades yet to pick up.
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