Author: Piyush S Verma
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India: Wire rod producers’ margins decline for the third month in a row in September
The margins (conversion spread) of wire rods producers dropped slightly by 1% m-o-m in Raipur, Chhattisgarh and 4% in Durgapur, West Bengal in September. The average spread stood at around INR 3,958/t in Raipur and INR 3,586/t in Durgapur. This is the third month of decline in margins, as per SteelMint records. Raipur and Durgapur…