- Pakistan’s leading steel mill, Mughal Steel, has raised G-60 rebar prices recently due to continuous hike in prices of raw materials.
- Offers have risen by around PKR 5,000/t ($31) exw-Punjab, sources informed SteelMint.
- Although prices have moved upward post the Eid holidays, transactions are yet to be reported at increased offers.
- SteelMint’s assessment for UK/Europe-origin shredded scrap in containers has increased by $20/t m-o-m.
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