21
Oct
11:46
Pakistani mills hike rebar prices on rupee devaluation
Owing to the devaluation of the Pakistani rupee against the dollar, rise in fuel and electricity costs, and additional input tax cost, steel plants in Pakistan have increased their rebar prices, Kallanish notes.
Amreli Steels has increased its rebar prices for all the grades by PKR 5,000/tonne ($28.82/t), starting 21 October. The steel company has increased its 9.5/10mm and 12mm prices to PKR 187,500/t ($1,080.18/t) and 16mm and above sizes to PKR 185,500/t. Amrel…
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Anonymous
Very good overview of the weekly steel market.
Anonymous