Wire Rod Prices increased in Raipur and Durgapur during last one week.
Indian wire rod manufacturers based in Raipur and Durgapur have increased their offers in the last one week by INR 200-400/MT.
However, manufacturers based in Raipur had offered trade discount of INR 1,200-1,700/MT during last week, depending on the quantity of material lifting.
Currently in Durgapur, 5.5 mm wire rod and HB 12G are available at INR 22,600/MT and INR 24,300/MT respectively. Plants in Raipur are offering the same grade material at INR 24,800/MT and INR 26,800/MT respectively. Prices are basic.
Offers for 12G GI and 12G barbed wires are assessed at INR 30,000/MT and INR 31,800/MT in Raipur. All prices are basic.
A well-known GI and barbed manufacturer based in Raipur said,“owing to increase in base material, we are considering to increase prices but demand is not very supportive.
He further added that “owing to Ganesh festival from the next week, in general ,sales of finished products will be affected especially from Maharashtra during the same duration so there is limited scope for increase in prices further”.
Indian billet and wire prices as on 29 Aug’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 | 19,700 | +200 | 25,000 | +200 | 27,000 | +200 | 29,000 | 0 |
| Durgapur | 20,000 | +500 | 23,000 | +400 | 24,700 | +400 | 31,400 | 0 |
Basic prices in INR/MT; ED and VAT/CST extra
Source: SteelMint Research
Note: Prices are basic
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