Author: Piyush S Verma
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India: IF-route billets-wire rod margins up 3% in Raipur, down 7% in Durgapur
The conversion spread (margins) from (induction furnace-route) billets to wire rods witnessed a marginal m-o-m increase of 3% in Raipur, in central India, while the same was down 7% in Durgapur, in the eastern region, in June 2022, SteelMint’s assessment shows. On a monthly basis, the average conversion spread was recorded at around INR 4,447/t…