Tag: India: HRC-rebar reverse spread deepens m-o-m in Oct’24. Know why?

India: HRC-rebar reverse spread deepens m-o-m in Oct’24. Know why?

Nov 6, 2024

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by

Admin Operation

in HRC, Rebar

HRCs challenged by domestic supply glut Rebars ride private infra projects demand Finished steels find support in raw materials Morning Brief: The HRC-rebar spread not only remained reversed for the second month in a row in October, 2024 but deepened further m-o-m to INR -5,600/t ($-67/t) from September’s INR -2,400/t ($-29/t), reveals data maintained with…