Author: Kameshwar Rao
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India: Rebar producers in Raipur and Durgapur witness slight variation in margins in October
The conversion spread (margins) from induction furnace-origin steel billets to rebar decreased by 6% in Raipur, central India, while the spread increased in Durgapur, eastern India, by approximately 10%, m-o-m, in October 2022, as per SteelMint assessment. On a monthly basis, the average conversion spread was recorded at around INR 3,550/t in Raipur and INR…