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09 Jan
08:24

Pakistani re-rollers hike coil prices further

Pakistan-based re-rollers have further hiked their cold rolled and galvanized coil offers by PKR 5,000/tonne ($21.92), mainly on the back of increasing hot rolled coil prices globally and the depreciating Pakistani rupee. This follows the price increase of PKR 3,000/t on 24 December, Kallanish notes. Aisha Steel has increased CRC (prime grade/annealed, skin passed and oiled) prices to PKR 255,119/t for 1.8-2.5mm thickness, effective 9 January. Quotes for 1.6mm dow…
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