Author: Abhishek Bhalla
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India: Rebar conversion spread fell up to 36% in Jul’20
Conversion spread (margins) of medium and small rebar producers that use billet as an input narrowed by up to 36% m-o-m in Jul’20 in the major producing regions in Central, Western and Eastern India. Raipur in central India reported a fall of 36% m-o-m in rebar margin, while margins in Jalna and Durgapur in west…