- Offers for wire rod coils from India drop w-o-w
- India’s sponge iron export offers dip $7/t w-o-w
Nepal’s rebar offers remained range-bound w-o-w, hovering at around NPR 86,000-87,000/t ($628-635/t) for cash guarantees and NPR 88,000-89,000/t ($642-649/t) for bank guarantees on payment. The trend could be attributed to sluggish domestic demand.
Imported sponge iron, steel offers
Offers for EAF/IF-route wire rod coils (WRCs) imported from India dropped by $45/t w-o-w to $490-500/t exw-Durgapur as compared to $535/t a week ago amid a recent deal. A deal of around 5,400 tonnes (t) has been heard concluded at similar price levels. Moreover, offers for WRCs from the BF-based steel producers declined by $30/t w-o-w to $550/t exw. This decline in offers is following the drop in raw material prices.
India’s sponge iron export offers to Nepal dropped by $7/t w-o-w to $339/t CPT Raxaul, respectively, as per BigMint’s weekly assessment. Limited buying led to a price correction, but despite the drop, inquiries remained limited.
Nepal’s product wise-import volume
Nepal’s finished flat steel imports stood at 45,227 t in April 2025, up by 4,199 t m-o-m as compared to 41,028 t in March 2025. On y-o-y basis the same slightly decreased by 555 t from 45,782 t in April 2024.
Semi-finished steel product import by Nepal rose by 10,897 t m-o-m to 29,775 t in April 2025 as against 18,878 t last month. Furthermore, imports of semis rose by 11,397 t y-o-y from 18,378 t in April 2024.
Imported finished long steel product imports by Nepal increased by 6,287 t m-o-m in April 2025 to 21,609 t from 15,322 t in March 2025. The same rose by 8,067 t y-o-y compared to 13,542 t in April 2024.
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