Odisha: Rourkela based rebar makers raise gauge parity by INR 300-500/t

The rebar manufacturers in Rourkela (Odisha) have revised gauge parity, effective from today (30th Oct), sources have reported to SteelMint. Gauge differences have been increased by INR 300-500/t in order to improve their margins (conversion spread). Currently, the conversion stands at INR 3,400/t, down by INR 500/t m-o-m.