Pakistan: Major mills raise rebar offers by PKR 5,000/t ($29)

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Major steel mills in Pakistan have lifted their rebar offers by PKR 5,000/t ($29) recently, SteelMint learnt from sources.
Revised offers for 10-12 mm rebar stand at PKR 186,500-187,500/t exw ($1,077-1,083) including taxes.
Rebar offers have increased on the back of high imported scrap prices, depreciation in the country’s currency and the hike in fuel and electricity prices.

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