Nepal’s rebar offers fell by NPR 2,000/t ($15/t) w-o-w for cash and bank guarantee. Offers were hovering around NPR 74,000-75,000/t and NPR 76,000-78,000/t exw. Also, a deal of around 5,000-7,000 t has been heard concluded at similar price levels. WRC offers from IF/EAF route dropped by $5/t w-o-w to $495-500/t exw Durgapur, whereas, BF-route offers remained stable at $560-565/t exw.
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