Tag: BigMint steel
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India: Rebar price recovery gains momentum even as HRC-rebar spread reaches over 3-year high
Infrastructure bookings strengthen rebar demand Leaner inventories restore pricing discipline Rising coal and coke costs reinforce rebar price floor Morning Brief: India’s steel market may be approaching a key inflection point after the spread between hot rolled coil (HRC) and blast furnace-route rebar widened to a 42-month high of INR 8,800/t in July. The divergence,…