Author: Vinay Tiwari

Monsoon and weak construction activity keep demand subdued Billet prices rise $6/t w-o-w to around $438/t CNF Raxaul Nepal’s rebar prices increased by NPR 1,000/t ($4/t) w-o-w to NPR 75,000-76,000/t ($492-499/t) for cash transactions, as per market sources. Prices for bank-guarantee deals were assessed at NPR 77,000-79,000/t ($505-518/t). Despite the weekly price increase, market sentiment…