Tag: India: HRC-rebar spread narrows to 2-year low. Trend to continue?

Spread narrows as flats feel price pressure while longs stays supported Globally too spread narrows amid weak demand, high energy prices Trend likely to sustain in the short term Morning Brief: The price spread between benchmark hot rolled coils (HRC) and BF-route rebar in June 2022 reverted to almost a two-year low at INR 1,600/t…