Market for Wire rod in Raipur witnesses weak demand and prices remain unchanged on Thursday.
In a conversation with SteelMint, a top official from GK Real Ispat said, “Demand has been slow from past one month. Production level have been maintained at 70-75% and prices have fluctuated in a narrow range. Currently 5.5 mm in Raipur trades at Rs 45,150,(including Excise & VAT)”.
Speaking about the future outlook of the market, he further added, “Market in the coming days looks to be range bound and there may not be a boost in demand. On an average, it should remain ok”.
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