Author: Manish Vasdev
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Conversion Spread Increase in West India by 15%
Manufacturers based in Mumbai, Jalna & Ahmedabad reported increase in conversion spread from Scrap to Billet and Billet to Rebar. In Mumbai, conversion spread from HMS scrap to MS billet presently are at INR 8,000/MT which was at INR 5,500-7,000/MT in – Q3 (Jul-Sep’16). Manufacturers reported, due to increase in conversion, production in Jalna, Mumbai…