SteelOrbis has learned that in the Indian domestic market low carbon wire rod offers stand in the price range of INR 35,500-36,000/mt ($781-792/mt) on actual weight basis for deliveries to customer, exclusive of four percent VAT and 10 percent excise duty. In the meantime Turkish offers to India for drawing quality wire rod are at $815-820/mt CFR on actual weight basis, for deliveries in September.
$1 = INR 45.41