Tag: India: HRC-rebar spread narrows in May; longs prices may stay supported

Spread narrows m-o-m by INR 1,100/t in May Longs prices have larger scope to remain supported Flats steel loses exports edge, which will exert downward pressure on prices Morning Brief: The spread between trade-level benchmarked hot rolled coil (HRC) and blast furnace-route rebar prices was at INR 2,000/tonne ($26/t) in May, revealed SteelMint’s data. The…