On November 2, SteelOrbis reported that ex-India induction grade billet offers to Nepal were at $493-496/mt CFR Nepal.
Sources inform SteelOrbis that import offers to Nepal sought to remain firm near $490/mt CFR Nepal through mid-November but have adjusted downward since and are now reportedly at $475-480/mt CFR Nepal. Compared to almost a month ago, prices declined $18/mt from the bottom of the previous range and $16/mt from the top of the same range.