Nepal’s rebar offers decreased by NPR 2,000/t w-o-w to NPR 86,000/t against NPR 88,000/t for cash guarantee, whereas, the same remained stable for bank guarantee at NPR 89,000/t. However, no deals have been heard concluded amid subdued demand. Wire rod offers to Nepal through BF-route remained absent, while EAF/IF-route offers declined by $15/t w-o-w to $535-540/t exw Durgapur.
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