India’s induction furnace-route steel wire rods trades and transactions remained weak on 28 Nov’22. High volatility and uncertainty in semi-finished steel prices in key markets slowed down the purchase enquiries. Today, Raipur-based some major manufacturers did not observe any deals on floated offers at INR 46,000-46,500/t exw, and only around 1,200 t deals concluded by some resellers at INR 45,400-45,700/t exw.
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