SteelMint

Author: Vinay Tiwari

  • Nepal rebar market remains cautious despite weekly price increase

    Nepal rebar market remains cautious despite weekly price increase

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    by

    Vinay Tiwari
    in ,

    Rebar prices increased NPR 500/t w-o-w, supported by firmer transaction levels. Monsoon and sluggish construction activity continue to constrain demand and buying sentiment. Nepal’s rebar prices increased by NPR 500/t ($4/t) w-o-w to NPR 74,000-75,000/t ($611-625/t) for cash transactions, while bank-guarantee deals stood at NPR 76,000-77,000/t ($625-639/t). Despite the weekly price increase, overall market sentiment…