Pakistan: Major mills raise rebars offers by up to PKR 3,000/t ($13/t)

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Pakistan’s major steel mills like Amreli Steels and Agha Steel raised rebars offers by PKR 3,000/t ($13/t).
Current offers for G-60 (10-12 mm) are at PKR 220,000-221,000/t exw-Punjab ($972-976/t), including taxes, effective from 23 Oct’22. However, tradable prices are still lower by PKR 8,000-10,000/t. Other mills likely to follow suit.
Severe disruption in supply chain and continuous rise in raw material prices led rebars prices to increase.

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