Author: Manish Vasdev

Nepal’s rolling mills reported a further drop in rebar prices by NPR 3,000/tonne ($26/t), week-on-week (w-o-w). Plants are operating at 30-40% capacity utilization, following weak demand due to the ongoing lockdown which has been extended till 3rd June’21 in Kathmandu and surrounding districts. Current rebar offers are reported at NPR 88,000/tonne (t) ($756/t) through mid-sized…