On October 26, 2018, SteelOrbis reported that ex-India induction grade billet offers to Nepal were at $490-500/mt CFR Nepal with expectations of an uptrend in November.
Sources inform SteelOrbis that prices declined $5/mt to $485-495/mt by November 1, but that prices rebounded on November 2 to $493-496/mt CFR Nepal. Compared to November 1, offer prices have increased to by $8/mt from the bottom of the previous range and $1/mt from the top of the same range.