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India's Rebar-HRC spread shrinks in Jan but flats segment still subdued

Source: BigMint Feb 10, 2025 08:30
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BF rebar prices edge down as dull demand continues. HRC market remains stable with import pressure easing. HRC exports resume amid Chinese New Year holidays.
Morning Brief: The domestic hot-rolled coil (HRC)-rebar reverse spread continued to shrink in January 2025, settling at INR 5,300/tonne (t) ($61/t) against INR 6,000/t ($69/t) in December. The gap eased by INR 700/t ($8/t), as blast furnace (BF) rebar prices declined by 1.1% m-o-m to INR 52,300/t ($599/t), while HRC

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