Market sources report that
wire rod prices in the local Indian market can be found in the range of INR 37,000-39,000/mt ($593-625/mt) delivered. Meanwhile, offers from
China, which is
India's most important
wire rod supplier, stand at $560-570/mt CFR. Sources tell SteelOrbis that
wire rod demand in
India is on the poor side.
$1 = INR 62.36