Author: Sagar
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India: Wire rod conversion spread increases in Jul’21 m-o-m in Raipur
The margins for converting billets into wire rods (also called conversion spread) recorded a rise of 8% m-o-m in Raipur but were marginally down by 1% in Durgapur, m-o-m in Jul’21, as per data maintained by SteelMint. The monthly average conversion spread was at around INR 4,200/tonne (t) in Raipur throughout the month, while in…