Author: Nishtha Mukherjee

The current HRC-rebar spread has shrunk to around INR 10,000/tonne (t) ($135/t). If set against the backdrop of the last five months, this had widened to a record INR 16,000/t ($216/t) in Jun’21, but then steadily narrowed to around INR 13,000/t ($176/t) in October, dropping even further so far in November. The monthly average trade…