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Pakistani cold rollers and galvanizers have hiked prices in new lists effective 19 May by PKR 5,850/tonne ($29), on the back of the rupee devaluation against the dollar. Demand meanwhile remains subdued and international steel prices falling, Kallanish notes. International Steels Limited (ISL) has hiked prices of 2-2.5mm cold rolled coil to PKR 270,270/t, while quotes for 1.90mm and down to 1mm CRC are pegged at PKR 270,270-272,025/t and for 0.90mm down …
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