Author: Kameshwar Rao
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India: Induction furnace rebar producers’ margins drop even as demand recovers in late June
The conversion spread (margin) from induction furnace (IF)-route steel billets to rebar fell by 12% in Raipur, central India, while margins decreased in Durgapur, eastern India, by over 11% , m-o-m, in June 2022, SteelMint assessment shows. On a monthly basis, the average conversion spread from 100mm billets to 12-25mm rebar was recorded at around…