The rebar manufacturers in Durgapur (West Bengal) have revised gauge parity effective from today (28 Oct), sources have reported SteelMint. Guage differences have increased by INR 500/t to cover maximum sizes (i:e; 8,10,12,20 & 25 mm) which are mainly transacted in retail segment. Fall in conversion spread from billet to rebar has resulted in gauge parity revision. Currently spread stands at INR 2,224/t, down by 12% m-o-m basis.
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