ABAD of Pakistan concerned over steel prices
The Association of Builders and Developers (ABAD) of
Pakistan has stated that they are concerned over rising steel prices, adding that prices do not reflect reality as no change either in demand or steel imports has been recorded.
Sources reported to SteelOrbis that steel prices in
Pakistan increased by 10-15% within a two-week period.
Moreover, ABAD announced that prices have been first increased to very high levels then decreased. The Association expressed that the fluctuation in the prices is no good for economy and does not reflect market situation.