Category: Rebar
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Nepal: Rebar prices decline w-o-w as weak construction demand outweighs stable raw material costs
Year-end liquidity constraints and monsoon disrupt construction activity Wire rod offers soften in line with weaker regional steel demand Nepal’s rebar market remained under pressure during the week, with trade prices declining by NPR 1,000/t week-on-week to NPR 75,000/t ($506/t) for cash transactions. Bank guarantee deals were reported at NPR 77,000-79,000/t ($519-532/t), as weak construction…