India: Wire rod producers revise gauge parity in Raipur
IF-route wire rods manufacturers in Raipur, Chhattisgarh, have increased the gauge parity in HB wires by INR 200/t and GI wires by INR 400/t for better margins. Revised parity-
- HB wire (12 gauge): Basic price (wire rod 5.5mm) + INR 2,700/t
- GI Wire (8-12 gauge): Basic + INR 2,900/t
- 13 gauge: Basic + INR 4,600/t
- 14 gauge: Basic + INR 5,900/t