Author: Piyush S Verma

The conversion spread (margins) from steel billets to wire rods manufactured via induction furnace (IF)-route in Mar’22 saw a sharp 34% increase m-o-m in both Raipur (central India) and Durgapur (eastern India) markets, SteelMint’s assessment shows. The average conversion spread was recorded at around INR 4,610/tonne (t) in Raipur and INR 4,425/t in Durgapur in…