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29 Dec
15:28

Pakistani mills further hike rebar quotes

Amid surging scrap offers, coupled with a dollar shortage-led drop in imported raw material procurement and local scrap dearth, Pakistani mills have hiked their quotes for rebar, Kallanish notes. This follows the previous hike of PKR 3,000/tonne done by major Pakistani steel mills on 15 December. Agha Steels increased quotes for 10mm and 12mm rebar to PKR 225,500/t ($994.67) ex-works, and 16mm and above rebar to PKR 223,500/t ex-works, effective 29 …
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