Slack wire rod demand in India

Tuesday, 10 December 2013 12:26:21 (GMT+3)   |   Istanbul
Market sources report that wire rod prices in the local Indian market can be found in the range of INR 37,000-39,000/mt ($605-638/mt) delivered. Meanwhile, offers from China, which is India's biggest supplier of wire rod imports, stand at $560-580/mt CFR. Sources tell SteelOrbis that demand is at low levels.
 
$1 = INR 61.13

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