Author: Akshay Bedekar
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India’s HRC-rebar reverse spread narrows to 10-month low in Jun’25 as rebar prices drop sharply
High mill stocks, monsoon pressure BF rebar prices IF rebar prices plunge amid need-based procurement Price drop expectations lead to limited HRC offtake Morning Brief: India’s HRC-rebar spread remained in reverse territory in June 2025, though it contracted by INR 2,900/tonne (t) ($34/t) m-o-m to a 10-month low of INR 1,400/t ($16/t). The reverse spread…