Category: Wire Rod
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Indian Secondary Wire Rod Mills’ Conversion Spread Fall by 11-12% M-o-M
Improved supply along with constant drop in prices has led to fall in conversion spread (profit margins) of Indian mid scale wire rod mills by 11-12% M-o-M in Feb’20. Raipur & Durgapur are the major wire rod producing markets considering secondary mills. The manufacturers here have reported fall in conversion spread by INR 500-600/MT (11-12%)…