Tag: India’s HRC-rebar spread narrows to all-time low in May’24. Is trend sustainable?

Rebar rally puts prices at 13-month highs Raw material cost push hits both longs, flats HRCs languish at four-month lows in May Longs prices may ease as supplies normalise Morning Brief: The reverse swing seen on the HRC-rebar pitch became stronger in May 2024. The spread between hot rolled coils (HRCs) and blast furnace-grade rebar…