India’s induction furnace-route steel wire rods trades and transactions in major markets remained weak on 10 Nov’22. Sharp fall in semi-finished steel prices in key markets turned purchase enquiries very dull in floated offers. Today, Raipur-based manufacturers kept offers stable at INR 49,500/t exw and only around 650 t of deals were concluded by some traders at INR 48,200-48,500/t exw.
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