India’s induction furnace-route steel wire rods market witnessed fewer buying enquiries on 9 Nov’22. Offers were on the higher side but due to the highly volatile trend, buyers remained cautious about procurement. Today, 2,450 t of transactions were concluded by Raipur-based suppliers at INR 48,700-49,000/t exw while in Durgapur market, about 1,050 t was sold at INR 48,200-48,300/t exw.
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