SteelMint

Tag: import bookings subdued

  • Nepal: Domestic rebar prices remain stable, import bookings subdued

    Nepal: Domestic rebar prices remain stable, import bookings subdued

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    by

    Snehal Govardhan
    in

    In Nepal, rebar offers remained flat at NPR 78,000-79,000/t ($588-595/t) and NPR 81,000-82,000/t ($611-618/t) exw for cash guarantee and bank guarantee w-o-w, respectively. Moreover, market demand is showing positive trends. However, concerns are rising as load shedding has increased to 10-12 hours per day, potentially impacting steel production and demand. Imported WRC deals drop BF…