Author: Abhishek Bhalla
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India: Rebar Conversion Spread Down Up to 16% in May
Declining domestic offers amid dull demand and higher production cost has resulted in thinning down of rebar conversion spread. Conversion spread (margins) is key factor to be considered in rebar if it belongs to stand alone or hot charging mill and does includes from procurement of raw materials (Billet) to sell finish steel. The factors…