SteelOrbis has learned that in the Indian domestic market low carbon wire rod offers stand in the price range of INR 36,000-37,000/mt ($810-833/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 wire rod are at $740-745/mt CFR, for deliveries in August.
$1 = INR 44.445