- Major steel mills in Pakistan namely Agha Steel, Amreli Steels, Faizaan Steel and Ittehad Steel have hiked rebar offers by PKR 7,000-10,000/t ($31-44/t), sources informed.
- The current offers for G-60 rebar (10-12mm) are at PKR 237,000-240,000/t exw-Punjab ($1,051-1,064/t) including taxes. However, the last workable price levels were around PKR 230,000/t.
- Prices have been increased due to the continuous and unprecedented devaluation of the Pakistani rupee, increase in energy costs, and rising input costs.
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