Following the most recent feedstock bookings at higher prices, Pakistani producers of cold rolled (CR) and hot dip galvanized (HDG) coils issued a new round of price increases.
Accordingly, on April 19 local prices of CR and HDG coils have increased by PKR 5,000/mt ($33/mt) compared to the previous offers on April 13. The dollar-based quotations have risen by $28-29/mt due to the devaluation of the Pakistani rupee.
On balance, the increase in CRC and HDG prices in Pakistan has complied with increase in HRC deal prices, reaching $70/mt within the past month.
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 |
178,550-179,050 |
1,168-1,172 |
178,500-179,000 |
1,168-1,171 |
178,525-179,025 |
1,168-1,171 |
CRC, 0.5-0.9 mm |
170,750-172,050 |
1,117-1,126 |
170,0700-172,000 |
1,117-1,126 |
170,725-172,025 |
1,117-1,126 |
CRC, 1-1.6 mm |
168,550-169,550 |
1,103-1,109 |
168,500-169,500 |
1,103-1,109 |
168,525-169,525 |
1,103-1,109 |
CRC 1.8-2.5 mm |
168,050 |
1,100 |
168,000 |
1,099 |
168,025 |
1,099 |
Thickness |
Producer |
|||
Aisha Steel Mills |
International Steels Limited |
|||
PKR/mt |
$/mt |
PKR/mt |
$/mt |
|
HDG, 0.25 mm |
190,550 |
1,247 |
190,500 |
1,247 |
HDG, 0.3-0.35 mm |
185,350-186,050 |
1,213-1,217 |
185,300-186,000 |
1,213-1,217 |
HDG, 0.4-0.6 mm |
178,650-183,550 |
1,169-1,201 |
178,600-183,500 |
1,169-1,201 |
HDG, 0.7-0.8 mm |
177,800 |
1,163 |
177,750 |
1,163 |
HDG, 1 mm |
173,900 |
1,138 |
173,850 |
1,138 |
HDG, 1.2-2 mm |
173,050 |
1,132 |
173,000 |
1,132 |
All prices on Pakistani rupee basis include 17 percent VAT.
$1 = PKR 152.82