Pakistani CRC and HDG producers announce new hike in offer prices

Wednesday, 06 October 2021 16:53:25 (GMT+3)   |   Istanbul
       

Pakistani producers of cold rolled (CR) and hot dip galvanized (HDG) coils have issued new offer prices for their domestic market. 

Accordingly, on October 6, local prices of CR and HDG coils have increased by PKR 4,000/mt (around $23/mt) compared to the previous offers, though, due to the ongoing devaluation of the Pakistani rupee, dollar-based quotations have fallen by up to $50/mt over the month, depending on the product. 

Meanwhile, Pakistani re-rollers have adopted a wait-and-see stance as regards new import bookings of hot rolled coil (HRC), preferring to evaluate current developments in the global market. In the meantime, Brazil-based HRC suppliers have stepped up their efforts to sell to Pakistan, offering material of re-rolling quality at $920/mt CFR, with no takers so far. Following quite a long silence in terms of offers from Asian suppliers, the latter have returned to the Pakistani market. On balance, ex-Japan and ex-Taiwan HRC are available at $975/mt CFR and at $970/mt CFR, respectively.

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

213,550-214,050

1,252-1,255

213,500-214,000

1,252-1,255

213,525-214,025

1,252-1,255

CRC, 0.5-0.9 mm

205,750-207,050

1,207-1,214

205,700-207,000

1,206-1,214

205,725-207,025

1,206-1,214

CRC, 1-1.6 mm

203,550-204,550

1,194-1,200

203,500-204,500

1,193-1,199

203,525-204,525

1,194-1,199

CRC 1.8-2.5 mm

203,050

1,191

203,000

1,190

203,025

1,191

Thickness

Producer 

Aisha Steel Mills

International Steels Limited

PKR/mt

$/mt

PKR/mt

$/mt

HDG, 0.25 mm

225,550

1,323

225,500

1,322

HDG, 0.3-0.35 mm

220,350-221,050

1,292-1,296

220,300-221,000

1,292-1,296

HDG, 0.4-0.6 mm

211,650-218,550

1,241-1,282

211,600-218,500

1,241-1,281

HDG, 0.7-0.8 mm

210,800

1,236

210,750

1,236

HDG, 1 mm

206,900

1,213

206,850

1,213

HDG, 1.2-2 mm

206,050

1,208

206,000

1,208

All prices on Pakistani rupee basis include 17 percent VAT.

$1 = PKR 170.519


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