Tag: Indian HRC-rebar price spread (Jan’20-Feb’24)

The spread between benchmarked hot rolled coils (HRCs) and blast furnace-route rebar narrowed by INR 400/tonne (t) ($5/t) m-o-m to INR 2,100/t tonne (t) ($25/t), in February 2024, as per data maintained with BigMint. The gap tightened a bit mainly on account of the slight resilience shown by rebar compared to HRCs, even as the…