Author: Manish Vasdev
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India: Billet export offers to Nepal rise, buyers resist higher offers
Indian billet export offers to Nepal rose by $10-30/t w-o-w. However, buyers resisted the higher offers due to weak domestic finished steel demand despite a slight fall in rebar offers in the country, as per SteelMint’s weekly assessment. IF-route billet export offers have increased by $30/t, w-o-w, to around $675/t CPT Nepal (equivalent to $650/t…