Tag: India: HRC-rebar prices converge in Nov. Are flats more under pressure?

Average prices in Nov at INR 56,000/t for both Muted exports, cheaper coking coal weigh on HRCs Rebar stays supported by infra demand, high energy costs China’s expected demand rebound may pep up markets Morning Brief: The HRC-rebar spread touched nil in November, 2022, hitting a two-year low. The second-lowest record was of INR 100/tonne…