Tag: India: HRC-rebar prices converge in Aug; Will spread widen in short term?

Greater exposure to exports impacts HRC more than rebar Demand slump, inventory pile up, lower raw material costs keep prices down Longs to stay supported, flats may feel pressure in near term Morning Brief: The spread between benchmark hot rolled coils (HRCs) and rebar hit a 33-month low in August, 2022, reveals data maintained with…