- Major steel mills in Pakistan have raised rebar offers by around PKR 4,000-5,000/t ($23-29/t), SteelMint learnt from sources.
- Revised offers for 10-12mm rebar are at PKR 191,000-195,000/t exw ($1,089-1,117/t), including taxes.
- Rebar offers have increased on the back of higher imported scrap prices, currency depreciation and recent changes in the sales tax structure of the country, as per sources.
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