Tag: Morning Brief: North-bound longs prices narrow HRC-rebar spread

India’s average HRC-rebar spread narrowed down m-o-m in Jan’22 by around INR 1,700/tonne (t) ($23/t), from INR 10,300/t ($138/t) in Dec’21 to INR 8,600/t ($115/t) in Jan’22. In 2021, the spread had swung within an exceptionally wide range, from as low as INR 2,425/t ($32/t) in Jan’21 to hitting an all-time high of almost INR…