On February 20, SteelOrbis reported that ex-India induction grade billet offers to Nepal were approximately at $488-492/mt CFR Nepal.
Sources now inform SteelOrbis that offer prices decreased through the end of February reaching $470/mt CFR Nepal. Since then prices have reportedly improved and are presently at $485-490/mt CFR Nepal. Compared to a month ago, prices are $3/mt lower from the bottom of the previous range and $2/mt from the top of the same range.