Tag: Omicron keeps outlook uncertain

The HRC-rebar spread is back at around Apr’21 levels of over INR 10,150/tonne (t) ($137/t), after dropping from around INR 13,100/t ($176/t) in Oct’21. In fact, the spread has sustained at over INR 10,000/t since Apr’21, culminating at almost INR 16,000/t ($215/t) in Jun’21, which has been at an average of INR 1,088/t ($15/t) since…