SteelOrbis has learned that in the Indian domestic market low carbon wire rod offers stand in the price range of INR 36,500-37,000/mt ($828-839/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 $745-750/mt CFR on actual weight basis, for deliveries in late August.
$1 = INR 44.08