Tag: induction furnace
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India: Rebar conversion spread narrows sharply by up to 34% in Jul’21
The induction furnace route rebar conversion spread, widely understood as the margins derived from converting billets to rebars, narrowed to a seven-month low in major supplying regions like eastern, central and western India. The monthly average spread stands close to a mere INR 2,400/t in Jul’21 specifically in the Durgapur and Raipur markets, down by…