Tag: Rebar conversion spread
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Rebar spread in eastern India falls to 11-year low in Sep’21
The Durgapur market in eastern India, a leading rebar supply hub that caters to the entire north and north-eastern regions as well as a few neighbouring states, has seen rebar conversion spreads sink to an 11-year low in Sep’21, SteelMint data shows. The monthly conversion spread was recorded at INR 1,900/t, which is down 9%…