Wire rod manufacturers based in Raipur have reported that demand of wire rod were slightly better compare to rebar since starting current month.
There is marginal price rise is recorded at Raipur in the last one week while no price movement seen in Durgapur in the same duartion.
Wire rod and HB manufacturers based in Raipur had also reduced trade discount to INR 500/MT from INR 1,000/MT last week, depending on the quantity of material lifting.
Currently in Durgapur, 5.5 mm wire rod and HB 12G are available at INR 25,500/MT and INR 27,300/MT respectively. Plants in Raipur are offering the same grade material at INR 27,400/MT and INR 29,400/MT respectively. Prices are basic.
Offers for 12G GI and 12G barbed wires are assessed at INR 33,400/MT and INR 34,700/MT in Raipur W-o-W. All prices are basic.
State owned Steel Authority of India Limited (SAIL) is presently offering at around INR 35,700/MT(including excise duty, CST & freight) FoR Punjab.
Indian billet and wire prices as on 10 Oct’16
| City | MS Billet | W-o-W | 5.5 mm Wire Rod | W-o-W | 12G HB Wire | W-o-W | 20G Binding Wire | W-o-W |
| Raipur | 22,500 | +200 | 27,400 | +300 | 29,400 | +300 | 32,600 | +200 |
| Durgapur | 22,000 | +100 | 25,500 | 0 | 27,300 | 0 | 34,000 | 0 |
Basic prices in INR/MT; ED and VAT/CST extra
Source: SteelMint Research
Note: Prices are basic
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