Author: Manish Vasdev
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Nepal: Weak demand, falling billet import offers weigh on domestic rebar prices
Nepal’s domestic rebar prices fell further by NPR 3,000/tonne(t) ($25/t), w-o-w, due to weak demand along with a continuous drop in imported billet offers from India. Fresh rebar offers of 10-16 mm size floated by mid-sized plants are reported at NPR 83,000/t ($700/t), while those from the major mills, producing premium brands are at NPR…