India: Wire rods prices rise sharply by INR 2,000/t in Raipur, Chhattisgarh

Induction furnace steel wire rods manufacturers in Raipur further raised prices today by INR 2,000/t to INR 67,000/t exw d-o-d, with trade discounts of INR 500/t. Soaring raw materials prices have driven wire rods prices higher. However, limited trading activities in the spot market on higher prices forced suppliers to offer trade discounts of up to INR 2,000/t.


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