India: Wire rod trades remain weak on bearish market trends

Steel wire rods trade and buying enquiries remained limited in major markets owing to consistently falling prices in raw material (sponge iron and billets) and weak market sentiments. Around 2,200 t of deals were concluded by some Raipur and Raigarh-based suppliers at INR 44,000-44,400/t exw. Prices in Durgapur market stand at INR 44,300-44,500/t exw.


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