India: Wire rod trade in Raipur weakens on higher prices

Steel wire-rod market in Raipur witnessed limited buying inquiries and transactions after manufacturers lifted prices today by INR 500/t to INR 48,000/t exw d-o-d. Prices remained supported on the back of rising steel billet prices for the consecutive second day. Tradable discounts by resellers are hovering in the range of INR 1,300-1,500/t.


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