Tag: India: HRC-rebar spread narrows to 4-month low in Mar24; short term looks range-bound

India: HRC-rebar spread narrows to 4-month low in Mar24; short term looks range-bound

Apr 2, 2024

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by

Admin Operation

in HRC, Rebar

Production cuts keep rebar prices supported HRCs feel poll pressures as infra goes cold Will demand, prices see upturn post-elections? Morning Brief: March, 2024 saw the spread between benchmarked hot rolled coils (HRCs) and blast furnace-route rebar narrowing to a four-month low of INR 700/t ($8/t), reveals data maintained with BigMint. The gap tightened further…