Author: Kameshwar Rao
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India: IF rebar producers in Raipur and Durgapur witness decline in margins in July
The conversion spread (margins) from induction furnace (IF)-route mild steel billets to rebar fell by 20% (INR 900/t) in central India’s Raipur and a decrease of 7% (INR 200/t) was reported in Durgapur, eastern India, m-o-m in July 2022, SteelMint assessment shows. On a monthly basis, the average conversion spread was recorded at around INR…