Nepal’s rebar offers dropped up to NPR 1,500/t ($11/t) w-o-w amid low domestic demand. Offers are hovering around NPR 86,500-87,000/t ($633-636/t) for cash guarantee and NPR 88,500-89,000/t ($647-651/t) for bank guarantee as compared to NPR 88,000/t and NPR 90,000/t a week ago. Nepal’s rebar market is currently experiencing low domestic demand, reflecting subdued construction activity in the region.
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