Tag: Indian HRC-Rebar price spread widens to 5-month high

The spread between benchmarked hot rolled coils (HRCs) and blast furnace-route rebar widened to a five-month high, at INR 2,500/t tonne (t) ($30/t), in January 2024, reveals BigMint data. The gap widened mainly on account of the sharper fall in rebar prices compared to hot rolled coils (HRCs). The benchmark blast furnace-route (BF-route) rebar, ex-Mumbai,…