On December 5, SteelOrbis reported that ex-India induction grade billet offers to Nepal were approximately $445-450/mt ex-works Durgapur which is equivalent to $470-475/mt CFR Nepal in the Raxaul border. Buying interest in Nepal was reportedly limited.
Sources inform SteelOrbis that recent deals have been concluded and offer prices are now reportedly at $455-465/mt CFR Nepal. Prices decreased $15/mt from the bottom of the previous range and $10/mt from the top of the same range.