Nepalese rebar offers for cash guarantee fell NPR 1,000/t w-o-w to NPR 88,000-89,000/t against NPR 89,000-90,000/t a week ago. However, bank guarantee offers remained range-bound at NPR 91,000-92,000/t for the week. “No deals were heard concluded amid gloomy market sentiments”. Wire rod offers to Nepal by BF-based remained absent, while EAF/IF-route offers fell by $10/t w-o-w to $550-555/t exw Durgapur.
