- Major steel mills in Pakistan such as Mughal Steel, Agha Steel, Amreli Steels and Ittehad Steel have hiked rebar offers by PKR 6,000-7,000/t ($29-34/t) compared to beginning of last week, sources confirmed.
- Offers for G-60 rebar (10-12mm) are at PKR 228,000-231,000/t exw Punjab ($1,110-1,125/t) including taxes.
- Prices escalated due to the continuous and unprecedented increase in energy costs, devaluation of the Pakistani rupee and rising input costs.
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