Author: Romil Sethi
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Nepal: Lower offtake, drop in imported semis prices weigh down domestic rebar offers
The domestic rebar market in Nepal saw limited trade activities this week. Current prices of rebars (12mm) are in the range of NPR 93,000-94,000/t ($704-712/t) exw, excluding VAT, SteelMint noted. Offers remained rangebound this week after dropping by NPR 2,000/t ($15) last week. Limited inquiries at previous quoted offers and a decline in imported EAF/IF…