Tag: BILLET
-
Indian IF-route wire rod manufacturers conversion spread dips
The margins for converting billets into wire rods (also called conversion spread) dropped by 21% and 15% in Raipur and Durgapur respectively in Aug’21, as per SteelMint’s assessment. The monthly average conversion spread was at around INR 3,010/tonne (t) in Raipur and INR 2,713/tonne (t) in Durgapur throughout the month. However, in Jul’21, the conversion…