India: HRC-rebar price spread hits record high in May
ABSTRACT
Steel prices have been heading north since October last year. However, SteelMint’s data, tracking since May ’20, show that except for the months of May and June ’20, hot rolled coil (HRC) prices have continued to remain higher than those of rebar till May ’21. More importantly, the spread hit a record high of INR 11,000 per tonne (t) in May ’21, based on average monthly price calculations. In May and June ’20,
average monthly prices of the blast route rebar of 12-32 mm were higher,
by INR 1,130/tonne (t) and INR 1,100/t respectively compared to that of
HRCs of 2.5-8mm, ex-Mumbai.
The spread was somewhat volatile
since May ’20 till Dec ’21, with the monthly difference ranging from
............
To read the full article take a free 7-day trial to Mysteel Global
FREE TRIALAlready registered?Log in
- +65 6653 8227 globalsales@mysteel.com
You May Also Like
- Jun 27 2022 Leading steel mills put off 2nd coke re-pricing campaign
- Jun 27 2022 Steel Export Prices - FOB Tianjin Port 20220627
- Jun 27 2022 Japan's H-beam prices set to rise as mills defend prices
- Jun 27 2022 Japan's steelmakers ponder METI plea for power-use cut
- Jun 27 2022 Turkiye: Mills less active in importing scrap on weak steel demand