Ex-India billet offers to Nepal trend down further

Thursday, 11 July 2019 01:00:40 (GMT+3)   |   San Diego

On May 1, SteelOrbis reported that ex-India induction grade billet offers to Nepal were approximately at $475-480/mt CFR Nepal.

Sources inform SteelOrbis that billet offers improved slightly in the second half of May but began a downward decline through June. Prices are now reportedly at $420-425/mt CFR Nepal, a price erosion of $55/mt in the past two months. The decrease in prices is a result of highly competitive import billet alternatives from various global sources and limited demand in Nepal as buyers are exercising caution.

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