Author: Reena
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Pakistan: Mills lower rebar prices on muted demand; imported scrap prices continue to head south
Pakistan’s major mills have lowered their domestic finished steel prices further as demand from end-users is yet to pick up. After revision, fresh offers for G60 rebars are at PKR 210,000/t exw-Punjab ($948/t). However, tradable prices are at PKR 200,000-205,0000/t ($903-926/t) exw-levels. Pakistan domestic prices Demand for finished steel has remained subdued as sales have…