Category: Wire Rod

The monthly conversion spread (margins) from steel billets to induction furnace-wire rods in the Raipur market dropped by 11% while that in the Durgapur market inched up by 3% m-o-m in Dec’21, as per SteelMint’s assessment. The average conversion spread was recorded at around INR 3,725/tonne (t) in Raipur and around INR 3,515/t in Durgapur…