Author: Prashasti Giri
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Nepal: Steel mills lift rebars offers on demand uptick, higher import offers
On the back of falling inventories in the trader segment and higher import offers of sponge iron and billets, Nepal-based steel mills raised rebars offers this week by around NPR 1,000-1,500/t ($8-11). Current rebars (12mm) prices in Nepal are reported at around NPR 91,000-93,000/t ($690-700) exw, excluding VAT. Import offers to Nepal rise tracking hike…