SteelMint

Author: Sagar

  • India: IF-route wire rod conversion spread surges 41% in Oct’21

    India: IF-route wire rod conversion spread surges 41% in Oct’21

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    Sagar
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    The margins for converting billets into wire rods (also called conversion spread) surged by 39% and 41% in Raipur and Durgapur respectively in Oct’21, as per SteelMint’s assessment. The monthly average conversion spread was at around INR 4,350/tonne (t) in Raipur and the same was at around INR 3,735/t in Durgapur throughout the month. However,…