Tag: Nepal: Rebar offers rise by up to NPR 8

Nepal: Rebar offers rise by up to NPR 8,000 ($60/t) w-o-w despite muted demand

May 4, 2024

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by

Snehal Govardhan

in Rebar

Nepal’s rebar offers for cash and bank guarantee rose by NPR 7,000-8,000/t ($52-60/t) w-o-w to NPR 91,000-93,000/t ($682-697/t) and NPR 94,000-95,000/t ($704-712/t) exw against 84,000-85,000/t ($629-637/t) and NPR 87,000-88,000/t ($652-659/t) a week ago, despite low domestic demand as the rise in raw materials costs and load shedding have pushed rebar prices higher. However, no deals…