Tag: Rebar
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India: HRC-rebar spread reverses after a 4-month gap in Aug’24
The HRC-rebar spread reversed to normalise in August, 2024, after a gap of four months, reveals BigMint data. Usually, hot rolled coils (HRCs) are sold at a premium to rebars. However, it may be recalled, over April-July, 2024, rebar remained consistently priced higher than HRCs. In August, the spread rose a nominal INR 400/tonne ($5/t)…