Raipur: “Wire
Rod in Raipur is trading at Rs 100/MT more from previous trade at Rs 38,600/MT
(Basic price) as power prices in Chhattisgarh rise by around 20% from Rs
2.80/Unit to Rs 3.75/Unit w.e.f 5th
May 12.
Buyers are reluctant to take position at these levels and it
is unpredictable to say if markets would show further price change. Demand is
unexpected to come up in the next ten to fifteen days. Labour issues is also
anticipated to continue for some days due to summers,” reported a trader from
the city.
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