Author: Manish Vasdev
-
Nepal: Rebar prices fall $9/t, billet import offers edge lower
Rebar prices dropped further in Nepal market by NPR 1,000/tonne ($9/t), week-on-week, following improved capacity utilisation at steel mills by 10% to 40-50% overall as well as weak seasonal demand amidst the prevailing lockdown in the Himalayan Kingdom, which is extended till 14 Jun’21. Fresh offers for rebar floated by mid-sized plants are reported at…