SteelOrbis has learned that in the Indian domestic long steel market producers' drawing quality wire rod prices are at INR 39,000-40,500/mt ($788-818/mt) ex-works, excluding local taxes.
Meanwhile, wire rod offers from China to the Indian long steel market are currently standing at INR 38,000-39,000/mt ($768-788/mt) CFR for March shipments.
$1= INR 49.51