Author: Piyush S Verma
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Wire rod conversion spread declines in July for producers in eastern India
The conversion spread (margins) from induction furnace (IF) route steel billets to wire rod witnessed a marginal m-o-m drop by 1% in Raipur, central India. In Durgapur, eastern India, the market declined by 8% in July, SteelMint assessment shows. On a monthly basis, the average conversion spread was recorded at around INR 4,398/t in Raipur,…