India: IF-route wire rod prices remain stable on raw material cost support
Indian IF-route wire rod prices remained supported in key markets, including Raipur and Durgapur, this week. Prices saw marginal fluctuations of INR 100-200/t on a weekly basis, while moderate trade activity was witnessed in the market at lower prices. Firm raw material prices continued to underpin the market, encouraging manufacturers to maintain prices at higher levels.