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