Tag: India: HRC-rebar spread narrows in Feb’24 amid a 5-month price fall

Spread narrows by INR 400/t to INR 2,100/t in Feb Rebar remains stable m-o-m on production cuts and higher cost of production Imports, dull exports, global prices keep HRC muted Morning Brief: The spread between benchmarked hot rolled coils (HRCs) and blast furnace-route rebar narrowed by INR 400/tonne (t) ($5/t) m-o-m to INR 2,100/t tonne…