04
Sep
15:44
Pakistan mills hike rebar further on costlier feedstock
Pakistani mills have increased their rebar quotes on the back of costlier raw materials and the Pakistani rupee's devaluation versus the US dollar. This follows the previous hike of PKR 8,000/tonne ($26.11) implemented on 28 August, Kallanish notes.
Amreli Steels hiked its rebar quotes for 9.5/10mm and 12mm rebar to PKR 294,500/t and its offers for 16mm rebar to PKR 292,500/t ex-works, respectively, effective 4 September. "Due to the continuous and unprec…
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Anonymous
Very good overview of the weekly steel market.
Anonymous