Author: Manish Vasdev

Nepal’s domestic rebar prices plunged by NPR 4,000/t ($32/t) w-o-w due to sluggish domestic demand and softening Indian steel prices, which fell by INR 1,500-2,000/t ($20-26/t), w-o-w. Domestic finished steel demand in Nepal remains slow due to the ongoing liquidity crisis and upcoming annual budget, which will be presented next week. Meanwhile, after a price…