Category: Rebar
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Nepal: Rebar prices rise amid improving demand; floods disrupt logistics
Billet, sponge iron prices rise, lifting production costs Wire rod prices increase, tracking higher Indian rates Nepal’s cash-market rebar prices increased by around NPR 3,000/t ($20/t) w-o-w to NPR 83,000/t, supported by improved buying activity and firming demand. Meanwhile, bank-guarantee (BG) prices remained stable at NPR 85,000-87,000/t. Market participants reported better domestic buying interest, indicating…