Author: Piyush S Verma
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Margins of central Indian wire rod manufacturers climb 6%, m-o-m, in April
Conversion spread (margins) for induction furnace steel producers from billet to wire rod rose marginally by 6% in Raipur, central India, and 1% in Durgapur, eastern India, on a monthly basis in April, 2022, SteelMint assessments show. On a monthly basis, the average conversion spread was recorded at around INR 4,900/t in Raipur and INR…