SteelOrbis has learned that in the Indian domestic market low carbon wire rod offers stand in the price range of INR 37,500-38,000/mt ($758-769/mt) on actual weight basis for deliveries to customer, exclusive of four percent VAT and 10 percent excise duty.
In the meantime, Chinese offers to India for boron-added mesh grade wire rod are at $665-675/mt CFR on actual weight, for December shipments.
$1 = INR 49.446