Author: Manish Vasdev
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Nepal: Domestic rebar prices firm as billet import offers drop
Amid prevailing lockdown restrictions Nepal’s steel mills are running at 30-40% capacity, as per SteelMint reports. Demand is stagnant and supply-demand happens to have balanced out resulting in stability in rebar prices despite a slight decline in billet import prices from India. Fresh rebar (10-16 mm) offers by mid-sized mills are hovering at NPR 91,000/t…