Tag: India’s HRC-rebar spread widens to five-month high amid inventory glut

Rebars fall more sharply m-o-m against HRCs Tepid infra demand, liquidity crunch hit rebars Will HRCs see improved export sentiments? Morning Brief: 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…