Tag: Nepal: Rebar prices surge by $15/t w-o-w amidst rising costs

Nepal’s rebar prices have seen a significant increase of NPR 2,000/t ($15/t) w-o-w for both cash and bank guarantee driven by a combination of rising raw material costs from India and disruptions caused by power cuts in the region due to recent floods. Offers for cash guarantee stood at NPR 77,000-79,000/t ($572-587/t) from NPR 75,000-77,000/t…