Author: Piyush S Verma
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Margins of IF-route wire rod manufacturers in central, eastern India contract, m-o-m, in August
The conversion spread (margins) from induction furnace (IF)-route steel billet to wire rod dropped 9% m-o-m in Raipur (central India), and 13% in Durgapur (eastern India) in August 2022, SteelMint assessments show. The average conversion spread was recorded at around INR 4,000/t in Raipur and INR 3,740/t in Durgapur compared with July. Notably, Raipur and…