en.Wedoany.com Reported - Nepal's long steel market showed weakness this week. Rebar prices remained stable week-on-week, with cash transaction prices at 77,000-79,000 Nepalese rupees per ton and bank guarantee prices at 79,000-81,000 Nepalese rupees per ton. Weak construction demand led to slow purchasing activity, with market participants generally adopting a cautious stance. Meanwhile, prices for wire rod produced via the induction furnace-electric arc furnace (IF-EAF) process continued to weaken, with current quotes around $540/ton, CNF Raxaul Port. Ample supply coupled with low buying interest has placed significant pressure on the country's long steel market.

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