Pakistani producers of cold rolled (CRC) and hot dip galvanized (HDG) coils have revised their offer prices upwards for the second time in March. The main reason is the sharp growth in import hot rolled coil (HRC) offers.
In particular, on March 10, local prices of CR and HDG coils have increased by PKR 5,000/mt (around $28/mt), compared to the previous offers announced on March 5.
Meanwhile, import HRC prices have continued to increase in Pakistan this week. A position cargo from a trader for ex-China SAE1006 HRC has been sold at $930/mt CFR to Pakistan, up by $20/mt from a deal for ex-China coils reported last week. At the same time, most ex-China offers for SAE1006 HRC have been already heard at $950-970/mt CFR Pakistan.
An offer from Indonesia has been also voiced at $925/mt CFR, versus $910/mt CFR last week.
In the meantime, aiming to take full advantage of the ongoing uptrend in the global flats market, Japanese and Taiwanese HRC suppliers have decided to delay the announcement of fresh offers to 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 |
225,550-226,050 |
1,268-1,270 |
225,500-226,000 |
1,268-1,270 |
225,525-226,025 |
1,268-1,270 |
CRC, 0.5-0.9 mm |
217,750-219,050 |
1,224-1,231 |
217,700-219,000 |
1,224-1,231 |
217,725-219,025 |
1,224-1,231 |
CRC, 1-1.6 mm |
215,550-216,550 |
1,211-1,217 |
215,500-216,500 |
1,211-1,217 |
215,525-216,525 |
1,211-1,217 |
CRC 1.8-2.5 mm |
215,050 |
1,209 |
215,000 |
1,208 |
215,025 |
1,208 |
Thickness |
Producer |
|||
Aisha Steel Mills |
International Steels Limited |
|||
PKR/mt |
$/mt |
PKR/mt |
$/mt |
|
HDG, 0.25 mm |
242,550 |
1,363 |
242,500 |
1,363 |
HDG, 0.3-0.35 mm |
237,350-238,050 |
1,334-1,338 |
237,300-238,000 |
1,334-1,338 |
HDG, 0.4-0.6 mm |
228,650-235,550 |
1,285-1,324 |
228,600-235,500 |
1,285-1,324 |
HDG, 0.7-0.8 mm |
227,800 |
1,280 |
227,750 |
1,280 |
HDG, 1 mm |
223,900 |
1,258 |
223,850 |
1,258 |
HDG, 1.2-2 mm |
223,050 |
1,254 |
223,000 |
1,254 |
$1 = PKR 177.9
