Pakistan: Major mills raise rebar offers by up to PKR 8,000/t ($40/t)

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Major steel mills in Pakistan such as Mughal Steel, Agha Steel and Faizan Steel have hiked rebar offers by PKR 7,500-8,000/t ($38-40/t) compared to end-Mar’22, sources confirmed.
Offers for G-60 rebar (10-12mm) are at PKR 222,000-224,000/t exw Punjab ($1,120-1,130/t) including taxes.
The hike was triggered due to rising input costs on currency depreciation, increasing energy prices and supply chain disruptions.

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