Pakistani producers of cold rolled (CR) and hot dip galvanized (HDG) coils have issued new offer prices for their domestic market.
Accordingly, local prices of CR and HDG coils have increased by PKR 3,000/mt (around $17/mt) compared to the previous offers, though, due to the ongoing devaluation of the Pakistani rupee, dollar-based quotations have fallen by up to $15-18/mt, depending on the product.
Meanwhile, the strong uptrend in the global HRC market and in Asia as well has also influenced the import market in Pakistan. Though buyers have mostly been cautious, some deals for ex-China HRC have been done at above $900/mt CFR last week. No fresh offers have been reported for ex-Japan, ex-South Korea and ex-Taiwan coils, as suppliers are trying to evaluate the market first, seeing a shortage of HRC in some parts of the world and high volatility.
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 |
220,550-221,050 |
1,223-1,225 |
220,500-221,000 |
1,223-1,225 |
220,525-221,025 |
1,223-1,225 |
CRC, 0.5-0.9 mm |
212,750-214,050 |
1,179-1,187 |
212,700-214,000 |
1,179-1,187 |
212,725-214,025 |
1,179-1,187 |
CRC, 1-1.6 mm |
210,550-211,550 |
1,167-1,173 |
210,500-211,500 |
1,167-1,173 |
210,525-211,525 |
1,167-1,173 |
CRC 1.8-2.5 mm |
210,050 |
1,164 |
210,000 |
1,164 |
210,025 |
1,164 |
Thickness |
Producer |
|||
Aisha Steel Mills |
International Steels Limited |
|||
PKR/mt |
$/mt |
PKR/mt |
$/mt |
|
HDG, 0.25 mm |
237,550 |
1,316 |
237,500 |
1,316 |
HDG, 0.3-0.35 mm |
232,350-233,050 |
1,288-1,292 |
232,300-233,000 |
1,288-1,292 |
HDG, 0.4-0.6 mm |
223,650-230,550 |
1,240-1,278 |
223,600-230,500 |
1,240-1,278 |
HDG, 0.7-0.8 mm |
222,800 |
1,235 |
222,750 |
1,235 |
HDG, 1 mm |
218,900 |
1,213 |
218,850 |
1,213 |
HDG, 1.2-2 mm |
218,050 |
1,209 |
218,000 |
1,209 |
All prices on Pakistani rupee basis include 17 percent VAT.
$1 = PKR 180.4
