Pakistani producers of cold rolled (CRC) and hot dip galvanized (HDG) coils have revised their offer prices upwards for the second time in April. The main reason is the sharp growth in import hot rolled coil (HRC) offers.
In particular, on April 8, local prices of CR and HDG coils have increased by PKR 4,000/mt (around $23/mt), compared to the previous offers announced on April 1.
Meanwhile, with allocation from traditional suppliers tight, most offers of ex-China import SAE1006 hot rolled coil (HRC) to Pakistan reached $985/mt CFR and above, up by $5-10/mt week on week. In particular, a deal for 10,000 mt of ex-China SAE1006 HRC was reported at $975/mt CFR at the end of last week, while another batch of 10,000 mt changed hands at $985/mt CFR. Meanwhile, offers for ex-Japan HRC have been voiced at $1,050-1,080/mt CFR, though, “some customers are negotiating with Japanese mills at $1,020/mt CFR,” a market insider told SteelOrbis. Offers for ex-Taiwan have reached $1,090-1,100/mt CFR Pakistan.
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 |
236,550-237,050 |
1,281-1,284 |
236,500-237,000 |
1,281-1,284 |
236,525-237,025 |
1,281-1,284 |
CRC, 0.5-0.9 mm |
228,750-230,050 |
1,239-1,246 |
228,700-230,000 |
1,239-1,246 |
228,725-230,025 |
1,239-1,246 |
CRC, 1-1.6 mm |
226,550-227,550 |
1,227-1,232 |
226,500-227,500 |
1,227-1,232 |
226,525-227,525 |
1,227-1,232 |
CRC 1.8-2.5 mm |
226,050 |
1,224 |
226,000 |
1,224 |
226,025 |
1,224 |
Thickness |
Producer |
|||
Aisha Steel Mills |
International Steels Limited |
|||
PKR/mt |
$/mt |
PKR/mt |
$/mt |
|
HDG, 0.25 mm |
253,550 |
1,373 |
253,500 |
1,373 |
HDG, 0.3-0.35 mm |
248,350-249,050 |
1,345-1,349 |
248,300-249,000 |
1,345-1,349 |
HDG, 0.4-0.6 mm |
239,650-246,550 |
1,298-1,335 |
239,600-246,500 |
1,298-1,335 |
HDG, 0.7-0.8 mm |
238,800 |
1,293 |
238,750 |
1,293 |
HDG, 1 mm |
234,900 |
1,272 |
234,850 |
1,272 |
HDG, 1.2-2 mm |
234,050 |
1,267 |
234,000 |
1,267 |
All prices on Pakistani rupee basis include 17 VAT.
$1 = PKR 184.7
