16
Jan
07:46
Pakistani re-rollers hike coil prices amid delayed financing
Pakistan-based re-rollers have further hiked their cold rolled and galvanized coil offers on the back of a dearth of feedstock, amid dollar shortage-induced delays in opening letters of credit for imports.
This situation has impacted imports of hot rolled coil and thus hampered downstream steel production. Mills have consequently raised their CRC quotes by PKR 10,000/tonne ($43.71), effective 16 January. This follows the price increase of PKR 5,000/t on 9 Jan…
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Anonymous
Very good overview of the weekly steel market.
Anonymous