Tag: Rebar
-
Indian HRC-rebar spread stays in negative zone for 4 consecutive months
The HRC-rebar spread has eased considerably since narrowing to its lowest in May 2024. However, rebars continued to be priced higher than hot rolled coils (HRCs) in July 2024, keeping the spread in the negative zone for four months in a row. In July, the spread improved to -INR 1,100/tonne (-$13/t), from a peak of…