Author: Kameshwar Rao
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India: Rebar producers in Raipur record surge in conversion spreads in September
The conversion spread from induction furnace-origin steel billet to rebar increased sharply by 35% in Raipur, central India, while margins decreased slightly in Durgapur, eastern India, by around 6%, m-o-m, in September, as per SteelMint data. On a monthly average basis, the conversion spread was recorded at around INR 3,800/t in Raipur and INR 3,100/t…