Tag: India: HRC-rebar spread rises after four-month gap in Aug’24

Imports, global prices keep flats under check Raw material price slide keeps longs on leash Global price uptrend may favour Indian prices Morning Brief: The HRC-rebar spread reversed to normalise in August, 2024, after a gap of four months, reveals BigMint data. Usually, hot rolled coils (HRCs) are sold at a premium to rebars. However,…