India: Wire rod trade subdued in Raipur even as offers decline

Raipur-based steel wire rod manufacturers lowered offers today by INR 300-500/t d-o-d to INR 52,200-52,300/t exw after observing consistent weak enquiries and transactions since last couple of days. Despite this, subdued sentiments in semi-finished steel limited the bulk trading activity. Today, merely 350 t deals were reported by few traders at INR 51,500-51,700/t exw.


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