Category: Wire Rod

The conversion spread between steel billets and induction furnace (IF)-route wire rods has improved marginally in Raipur (central India) in February after a gap of three months. On a monthly basis, the average conversion spread was recorded at around INR 3,445/tonne (t) in Raipur, inching up by 1% and around INR 3,295/t in Durgapur, stable…