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Trailing tier-1 steel producer Amreli Steel, more Pakistan-based tier-1 and tier-2 steel mills have hiked their rebar offers on costlier energy costs, severe supply chain disruptions and the depreciating rupee versus the dollar, Kallanish notes. Mughal Steel has increased its supreme and G-60 rebar offers by PKR 5,000/tonne ($23.63), effective 21 June. The firm did not however specify final prices. The hike is “due to severe supply chain disruptions, the dep…
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