7

Feb
2017

Indian Wire Rod Offers Slightly Fluctuate

Indian  Wire Rod Offers Slightly Fluctuate

In a week’s time,Indian wire rod producers based in Raipur increased their prices by INR 200/MT,the traders who play a major role in the wire market industry are hesitant to take position over volatile steel prices.

They further added that demand from the end user segment are still bearish which was expected to boom post budget declaration.

Currently the offer price for wire HB (12G) & Wire rod (5.5mm) in Durgapur by INR 1,500-2,000/MT than the offer provided by Raipur based manufacturers.Although,supply destinations are similar for both the markets which is North,West & South India.

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