Nepal: Rebar prices remain stable as weak demand persists

Nepal’s rebar prices were stable w-o-w at NPR 91,000-93,000/t ($613-627) for cash deals, while bank guarantee transactions were reported at NPR 93,000-95,000/t ($627-639). Market sentiment remained cautious as demand stayed weak, leading to a gradual softening trend despite the recent uptick. Meanwhile, IF-EAF wire rod prices remained stable at around $570/t CNF Raxaul.