SteelMint

Author: Sagar

  • India: IF-route wire rod conversion spread increases 4% in Raipur

    India: IF-route wire rod conversion spread increases 4% in Raipur

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    Sagar
    in

    The margins for converting billets into wire rods (also called conversion spread) increased by 4% in Raipur, whereas in Durgapur the same dropped by 3% in Sept’21, as per SteelMint’s assessment. The monthly average conversion spread was at around INR 3,130/tonne (t) and INR 2,650/tonne (t) in Raipur and Durgapur respectively throughout the month. However,…