Author: Piyush S Verma
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India: Wire-rod conversion spread narrows down in Raipur, rises in Durgapur in May
The conversion spread (margins) from induction furnace (IF)-route steel billets to wire rod fell by 12% in Raipur, central India but increased by the same percent in Durgapur, eastern India, m-o-m, in May 2022, SteelMint’s assessment shows. On a monthly basis, the average conversion spread was recorded at around INR 4,317/t in Raipur and INR…