Author: Manish Vasdev
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Nepal: Trade dull amid festive mood, no major billet import bookings seen
Domestic rebar prices in Nepal fell by NPR 2,000-3,000/tonne ($17-25/t), w-o-w, due to weak demand along with softening Indian steel prices. Following a drop in steel prices, fresh bookings of induction furnace (IF)-route billets remain limited, SteelMint notes. Inquiries from the domestic market, in general, drop during the festive season. As a result of this…