10
Jan
12:53
Pakistani mills increase rebar offers amid rupee devaluation
Pakistani mills have hiked their rebar quotes on the back of the devaluating Pakistani rupee against the dollar, coupled with the dollar shortage and surging scrap prices. This follows the previous hike made by the mills on 29 December, Kallanish notes.
Agha Steels increased quotes for 10mm and 12mm rebar to PKR 233,500/tonne ($1,023.81) ex-works, and 16mm and above rebar to PKR 231,500/t ex-works, effective 9 January. The company says it hiked prices on…
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Anonymous
Very good overview of the weekly steel market.
Anonymous