Nepal’s rebar offers for cash guarantee declined by NPR 2,000/t w-o-w to NPR 77,000-78,000/t against NPR 79,000-81,000/t a week ago. Moreover, for bank guarantee, offers decreased by NPR 1,000/t w-o-w to NPR 81,000-82,000/t compared to NPR 80,000-82,000/t in the last week. This decline in prices is attributed to low trade activities. EAF/IF-route wire rods prices remained stable w-o-w at $510-515/t exw Durgapur.
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