Category: Wire Rod
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India: IF-route wire rod conversion spread falls by up to 9% in Nov’21
The margins for converting steel billets into wire rods (also called conversion spread) in the major supplying centres of Raipur (in central India) and Durgapur (western India) reduced by 4% and 9% respectively m-o-m in Nov’21 as per SteelMint’s assessment. The monthly average conversion spread was recorded at around INR 4,200/t in Raipur and the…