Tag: Steel sector consolidation

The price spread between HRC and rebar prices in the domestic steel market has narrowed since the start of 2018, to around INR 1,000/MT(USD 14/MT) as of today which typically used to be INR 4,000-5,000/MT (USD 56-70/MT) in 2016. Rising flat steel capacities, stagnant demand for long steel, impact of demonetization, Insolvency and bankruptcy law…