Pakistan: Major mills raise rebar offers by PKR 7,000/t ($38/t)

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Major steel mills in Pakistan such as Amreli Steel and Agha Steel have hiked rebar offers today by PKR 7,000/t ($38/t), sources confirmed.
Offers for G-60 rebar (10-12mm) are at PKR 216,000/t exw Punjab ($1,184/t), including taxes.
The hike was triggered due to the continuous rise in scrap and energy costs as well as currency devaluation against the USD.

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