Tag: Indias HRC-rebar spread narrows in Sept 26

India’s steel hot rolled coil (HRC)-rebar price spread narrowed further to INR 3,550/tonne (t) in September from INR 5,300/t in August, as rebar prices increased at a faster pace than HRC amid tightening availability, improving project demand and stronger mill price realisations. Trade-level BF-route rebar prices increased by INR 6,100/t m-o-m to a monthly average of…