Pakistan: Major mill lowers rebar offers by PKR 5,000/t ($28/t)

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A major steel mill in south Pakistan has lowered rebar offers by PKR 5,000/t ($28/t) recently, SteelMint learnt from sources.
Offers have edged lower due to low demand as the local market is still struggling to recover from the extreme cold weather.
SteelMint’s assessment for G-60 rebar (10-12mm) stands at PKR 187,000 -188,000/t exw Punjab ($1,057-1,063/t), including taxes.

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