Pakistani producers of cold rolled (CR) and hot dip galvanized (HDG) coils have continued to raise their offer prices, aiming to offset their input costs. With allocation from traditional suppliers tight, most offers of import hot rolled coil (HRC) to Pakistan reached $700/mt CFR by the end of the previous week. “HRC prices are rapidly increasing here. One indication came to Pakistan even at $730/mt CFR for ex-Turkey HRC for March shipment, though this offer was completely turned down by a customer,” a Pakistan-based source stated.
Accordingly, CRC and HDG prices in Pakistan have risen by PKR 5,000/mt ($32/mt) compared to previous offers voiced in the middle of the previous month. As of now, buyers are resisting the new prices. However, they do not have any other choice but to accept the increase, which is in line with the global trend,” a flats producer commented.
Thickness |
Producer |
|||
Aisha Steel Mills |
International Steels Limited |
|||
PKR/mt |
$/mt |
PKR/mt |
$/mt |
|
CRC, 0.25-0.35 mm |
140,550-141,050 |
892-895 |
140,500-141,000 |
892-895 |
CRC, 0.5-0.9 mm |
132,750-134,050 |
843-851 |
132,700-134,000 |
842-851 |
CRC, 1-1.6 mm |
130,550-131,550 |
829-835 |
130,500-131,500 |
828-835 |
CRC 1.8-2.5 mm |
130,050 |
826 |
130,000 |
825 |
Thickness |
Producer |
|||
Aisha Steel Mills |
International Steels Limited |
|||
PKR/mt |
$/mt |
PKR/mt |
$/mt |
|
HDG, 0.25 mm |
153,550 |
975 |
153,500 |
974 |
HDG, 0.3-0.35 mm |
148,350-149,050 |
942-946 |
148,300-149,000 |
941-946 |
HDG, 0.4-0.6 mm |
143,650-146,550 |
912-930 |
143,600-146,500 |
912-930 |
HDG, 0.7-0.8 mm |
142,800 |
906 |
142,750 |
906 |
HDG, 1 mm |
138,900 |
882 |
138,850 |
881 |
HDG, 1.2-2 mm |
138,050 |
876 |
138,000 |
876 |