Author: Kameshwar Rao
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Margins of IF rebar producers in central, eastern India shrink by up to 20%, m-o-m, in August
The conversion spread from induction furnace (IF)-route steel billet to rebar fell by 20% in central India’s Raipur, while margins sunk by around 17.5% m-o-m in eastern India’s Durgapur market in August, SteelMint assessment shows. On a monthly basis, the average conversion spread was recorded at around INR 2,800/t in Raipur and INR 3,300/t in…