Nepal: Rebar prices rise by NPR 2,000/t ($13/t), though demand remains subdued
Nepals rebar prices edged up by NPR 2,000/t ($13/t) w-o-w to NPR 77,000-79,000/t ($524-538/t) for cash guarantee sales and NPR 79,000-81,000/t ($538-551/t) for bank guarantee transactions. Prices increased due to production cuts by local manufacturers, though buyer sentiment was subdued. Meanwhile, wire rod (IF-EAF) offers rose by $7/t to $468/t CNF Raxaul.
