Tag: India’s HRC-rebar reverse spread deepens m-o-m in Apr’25. What lies in store for May?

Safeguard duty triggers uptrend in HRC prices Supply shortages prop up HRC, rebar prices IF rebar tags hold firm amid moderate trades Morning Brief: India’s HRC-rebar reverse spread widened by INR 500/tonne (t) ($6/t) m-o-m to INR 5,100/t ($60/t) in April 2025, the eighth consecutive month that the gap has been in negative territory. Normally,…