Author: Akshay Bedekar

India’s induction furnace (IF)-route billets to rebar margins, also called the conversion spread, breached 14 months lows specifically in the Chennai (in southern India) market by sharply dropping 26% in January as per data maintained by SteelMint. Bars and rods production via the induction route holds the maximum 60-65% share from 2017 to 2021, as…