Tag: India: HRC-rebar spread narrows to 14-month low in Apr. What lies ahead?

Rebar rides production cuts, higher procurements HRCs resort to maintenance despite low demand Export offers may remain low, weigh on flats Morning Brief: In a reverse trend, benchmarked hot rolled coils (HRCs) became cheaper than rebars again after a five-month gap. Usually HRCs are sold at a premium of around INR 4,000/tonne ($48/t) to rebars.…