Author: Piyush S Verma
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India: Wire rod producers in Raipur and Durgapur witness slight change in conversion margins
The conversion spread (margins) from induction furnace (IF) route steel billets to wire rod witnessed an increase of 3% in Raipur, central India, while the same decreased by 3% in Durgapur, eastern India, m-o-m, in October, SteelMint’s assessment shows. On a monthly basis, the average conversion spread was recorded at around INR 4,076/t in Raipur…