15
Dec
12:54
Pakistani mills hike rebar quotes amid surging costs
Amid surging scrap offers coupled with Pakistani rupee devaluation and high finance interest rates, Pakistani mills have hiked their quotes for rebar.
Steel demand, however, continues to remain slow on the back of distressed economic conditions, slowed construction activity, inflation and political instability, Kallanish notes.
Effective 15 December, Amreli Steels has increased rebar quotes by PKR 3,000/tonne ($13.34). According to the company, quotes for 9.5/10m…
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Anonymous
Very good overview of the weekly steel market.
Anonymous