Category: Wire Rod
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India: Billets to wire rod spread in Raipur falls for 3rd consecutive month in Jan’22
The conversion spread from steel billets to wire rod in Raipur (Central India) has dropped for the third consecutive month in Jan’22. The suppliers are working on low margins and also giving attractive rebates of around INR 500-1,500/t to liquidate their stock, SteelMint learned from sources. The average conversion spread was recorded at around INR…