- Nepal rebar falls on subdued demand
- Steel imports fluctuate, semi-finished surges
Nepal’s rebar prices declined by NPR 1,000/t ($7/t) m-o-m in November 2025, settling at NPR 72,500-74,500/t ($510-524/t) for cash guarantee sales and NPR 74,500-76,500/t ($524-538/t) for bank guarantee sales. The downturn was due to subdued demand and political disruptions caused by the recent Gen Z-led protests.
Imported wire rod, sponge iron offers
Offers for imported Indian wire rod coils (WRCs) via the EAF/IF route were assessed at $450-460/t exw-Durgapur, registering a $12/t m-o-m decline reflecting subdued buying interest.
India’s sponge iron export offers to Nepal eased by $5/t m-o-m to $306/t CPT Raxaul, reflecting persistent demand weakness.
Product-wise import volumes
Finished flat steel imports by Nepal declined 23% m-o-m to 27,300 t in November, compared with 35,300 t in October. On a y-o-y basis, volumes were lower by 25%, down from 36,400 t recorded in November 2024.
Semi-finished steel imports rose sharply to 23,600 t in November, up 165% from 8,900 t in the previous month. On a y-o-y basis, imports increased by 174%, compared with 8,600 t recorded in November 2024.
Finished long steel imports totalled 10,700 t in November, reflecting a 4% decline from 11,200 t in October. On a y-o-y basis, volumes were marginally lower by 1%, compared with 10,800 t recorded in November 2024.
Outlook
Nepal’s steel market is expected to remain under pressure in the near term, with weak demand and political uncertainty likely to limit price recovery and import activity.
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