Pakistani producers of cold rolled (CRC) and hot dip galvanized (HDG) coils have revised their offer prices upwards for the second time in January. The main reason is the sharp growth in import hot rolled coil (HRC) offers, coupled with the continuous devaluation of the national currency against the US dollar.
More specifically, following a PKR 5,000/mt ($22/mt) increase announced at the beginning of last week, on January 16 local prices for CRC have increased by PKR 10,000/mt ($44/mt), while offers for HDG have been hiked by PKR 12,000/mt ($53/mt), compared to the previous offers.
Meanwhile, import HRC prices have continued to increase in Pakistan this week. Offers for SAE1006 HRC from the main suppliers, like those from China and Taiwan, have settled at $675/mt CFR and above, versus $650/mt CFR last week. Meanwhile, offers for ex-China SS400 HRC have been voiced at around $660/mt CFR, up by $20-30/mt week on week. In the meantime, aiming to take full advantage of the ongoing uptrend in the global flats market, Japanese and South Korean HRC suppliers have been delaying 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 |
238,550-239,050 |
1,048-1,050 |
238,500-239,000 |
1,048-1,050 |
238,525-239,025 |
1,048-1,050 |
|
CRC, 0.5-0.9 mm |
230,750-232,050 |
1,014-1,020 |
230,700-232,000 |
1,014-1,020 |
230,725-232,025 |
1,014-1,020 |
|
CRC, 1-1.6 mm |
228,550-229,550 |
1,004-1,009 |
228,500-229,500 |
1,004-1,009 |
228,525-229,525 |
1,004-1,009 |
|
CRC 1.8-2.5 mm |
228,050 |
1,002 |
228,000 |
1,002 |
228,025 |
1,002 |
|
Thickness |
Producer |
|||
|
Aisha Steel Mills |
International Steels Limited |
|||
|
PKR/mt |
$/mt |
PKR/mt |
$/mt |
|
|
HDG, 0.25 mm |
257,550 |
1,132 |
257,500 |
1,132 |
|
HDG, 0.3-0.35 mm |
252,350-253,050 |
1,109-1,112 |
252,300-253,000 |
1,109-1,112 |
|
HDG, 0.4-0.6 mm |
243,650-250,550 |
1,071-1,101 |
243,600-250,500 |
1,071-1,101 |
|
HDG, 0.7-0.8 mm |
242,800 |
1,067 |
242,750 |
1,067 |
|
HDG, 1 mm |
238,900 |
1,050 |
238,850 |
1,050 |
|
HDG, 1.2-2 mm |
238,050 |
1,046 |
238,000 |
1,046 |
All prices on Pakistani rupee basis include 17 percent VAT.
$1 = PKR 227.60