Notwithstanding the softening of ex-China hot rolled coil (HRC) offers with a subsequent rise in interest in buying HRC of Chinese origin, Pakistani producers of cold rolled (CR) and hot dip galvanized (HDG) coils have again adjusted their prices upwards, still citing high input costs.
Accordingly, on May 25, local prices of CR and HDG coils have risen by a further PKR 3,000/mt ($19/mt) compared to the previous offers voiced on May 17, indicating a second consecutive rise within the current month. Due to the fluctuations in the Pakistani rupee-US dollar exchange rate, the dollar-based quotations have risen by $11-12/mt.
According to Pakistani customs data, in April Pakistan’s imports of CRC totaled 9,954 mt with Taiwan accounting for a 49 percent share of the total volumes. Meanwhile, Pakistan’s imports of HDG in the month in question amounted to 6,818 mt, with Australia and China being the key suppliers and accounting for a 34 percent share and a 29 percent share of the total volumes, respectively, SteelOrbis has learned.
|
Thickness |
Producer |
|||||
|
Aisha Steel Mills |
International Steels Limited |
Hadeed Pakistan |
||||
|
PKR/mt |
$/mt |
PKR/mt |
$/mt |
PKR/mt |
$/mt |
|
|
CRC, 0.25-0.35 mm |
191,550-192,050 |
1,251-1,254 |
191,500-192,000 |
1,250-1,254 |
191,525-192,025 |
1,251-1,254 |
|
CRC, 0.5-0.9 mm |
183,750-185,050 |
1,200-1,208 |
183,700-185,000 |
1,199-1,208 |
182,725-185,025 |
1,200-1,208 |
|
CRC, 1-1.6 mm |
181,550-182,550 |
1,185-1,192 |
181,500-182,500 |
1,185-1,192 |
183,725-185,025 |
1,185-1,192 |
|
CRC 1.8-2.5 mm |
181,050 |
1,182 |
181,000 |
1,182 |
181,025 |
1,182 |
|
Thickness |
Producer |
|||
|
Aisha Steel Mills |
International Steels Limited |
|||
|
PKR/mt |
$/mt |
PKR/mt |
$/mt |
|
|
HDG, 0.25 mm |
203,550 |
1,329 |
203,500 |
1,318 |
|
HDG, 0.3-0.35 mm |
198,35-199,050 |
1,295-1,300 |
198,300-199,000 |
1,295-1,299 |
|
HDG, 0.4-0.6 mm |
191,650 |
1,251-1,283 |
191,600-196,500 |
1,251-1,283 |
|
HDG, 0.7-0.8 mm |
190,800 |
1,246 |
190,750 |
1,245 |
|
HDG, 1 mm |
186,900 |
1,220 |
186,850 |
1,22 |
|
HDG, 1.2-2 mm |
186,050 |
1,215 |
186,000 |
1,214 |
All prices on Pakistani rupee basis include 17 percent VAT.
$1 = PKR 153.152