Tag: Indian HRC-rebar price spread narrows to 4 months low in Mar’24

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 m-o-m mainly on account of the slight resilience shown by rebars which actually gained by INR 300/t ($4/t) while HRCs eroded by…