Pakistan’s steelmakers – International Steel, Aisha Steel Mills and Hadeed Pakistan – have increased prices of cold-rolled coils (CRCs) and coated flat steel products by PKR 15,000/t ($56/t), effective 10 Feb’23. This is the second price hike in Feb’23. Higher raw material prices and depreciating currency (PKR) are the key reasons behind the price hikes. PKR depreciated to 270 against USD from 228 level seen in early-January.
Leave a Reply