IF-route wire rod prices in Raipur remained stable for the second straight day at INR 54,000/t exw d-o-d. However, weak sentiments led to slow trading in the spot market. Only 1,000 t deals were recorded as most buyers adopted a wait-and-watch policy for bulk transactions and only need-based purchases were seen. Trade discounts via suppliers stand at over INR 1,500/t.
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