Induction furnace route steel wire rod trades remained moderate in major markets today. Around 3,200 t of deals were reported by a few suppliers in Raipur (central India) at INR 52,400-52,800/t exw and FOR basis, while in Durgapur (eastern India) 1,100 t trades were reported at INR 52,200-52,300/t exw. However, buyers are still cautious about procuring material at higher prices owing to high fluctuation in semi-finished steel prices.
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