Tag: Indian Billet and DRI offers

India: HRC-rebar negative spread narrows in Mar’26 as flats prices rise at a faster pace

Apr 4, 2026

—

by

Akshay Bedekar

in Finish long

HRC prices rise by over 5% m-o-m, rebar rises 1.9% in March HRC-rebar negative spread decreases by INR 1,700/t in March Mills may hike HRC list prices, negative spread may narrow in April Morning Brief: The reverse or negative spread between domestic hot-rolled steel coil (HRC, IS 2062, 2.5-8mm) and blast furnace-origin reinforcement bar (12-32mm,…