09
Dec
12:49
Major Pakistani mills hike branded rebar, billet falls
Owing to rising electricity costs, Pakistani mills have raised their branded grade-60 rebar offers by another PKR 2,000/tonne ($11.26) for December deliveries. Offers for billet and non-branded rebar, however, have fallen due to sluggish domestic demand in the nation.
Billet offers in Pakistan dropped to PKR 147,000/t, down by PKR 8,000/t on-week. Local non-branded rebar prices declined by PKR 5,000/t on-week to PKR 168,000/t. Sluggish domestic demand is one of th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous