Author: Manish Vasdev
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Nepal: Rebar offers remain firm despite rising billet import offers
Domestic rebar offers in Nepal remain firm despite a surge in billet import offers. Notably, billet imports happen predominantly from neighbouring India. Fresh offers for 12mm rebar stand at NPR 91,000/t ($727/t) on an ex-work basis, excluding VAT, stable as per SteelMint’s weekly assessment. Rebar demand remained dull in Nepal due to seasonal slowdown in…