Secondary wire rod makers have increased their offers by upto INR 500-600/MT in both Raipur and Durgapur within a week.
Indian secondary wire rod manufacturers are bounded to increase their offers on account of high buying.
Presently, wire rod and HB manufacturers in Raipur are offering the material at INR 27,800/MT and INR 29,600/MT (basic price) respectively. Prices for both the material have increased by upto INR 600/MT W-o-W.
Similarly in Durgapur, wire rod and HB are being offered at INR 26,500/MT and INR 28,400/MT (basic price) respectively. Prices have surged by upto INR 500/MT W-o-W for both the material.
Meanwhile, 12G GI wire and 12G barbed wire are available at INR 34,700/MT and INR 36,400/MT respectively (basic price) in Raipur.
Indian billet and wire prices as on 9 Mar’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 | 23,050 | +500 | 27,800 | +600 | 29,600 | +600 | 32,600 | -300 |
| Durgapur | 22,400 | +800 | 26,500 | +500 | 28,400 | +500 | 34,500 | +500 |
Basic prices in INR/MT; ED and VAT/CST extra
Source: SteelMint Research
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