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Jul 05, 2022 - BY Admin

Nepal steel imports rise nearly 70%, m-o-m, in June

  • Nepal's wire rods imports were recorded at 15,300 t in Jun'22, up 69.2% as against May.
  • Billet imports grew by 9% and flat steel (HRC/plates) by 3% m-o-m in Jun.
  • However, sponge iron imports fell to 38,500 t in Jun as against 40,100 t in May.

 

Nepal's wire rods and flat steel imports may fall sharply due to imposition of export duties by the Indian government, while sponge iron and billet imports may remain volatile. --SteelMint