Pakistani producers of cold rolled (CR) and hot dip galvanized (HDG) coils have finally announced new offer prices for the domestic market in order to offset the negative impact from the continued depreciation of the Pakistani rupee against the US dollar and the increase in the fuel and electricity prices.
Specifically, on February 10, local prices of CR and HDG coils have increased by PKR 3,000/mt (around $17/mt) compared to the previous offers voiced on December 2. However, due to the continuing currency fluctuations, the dollar-based quotations have increased by $26-27/mt compared to the previous levels.
Meanwhile, the major Asian suppliers of hot rolled coil (HRC) are testing the Pakistani market with new offers, for shipments of material in March and April. China-based HRC suppliers have been offering in Pakistan at $870-880/mt CFR, while ex-Japan and ex-South Korea offers have been reported at $900/mt CFR and $890/mt CFR, respectively. As SteelOrbis mentioned earlier, the most competitive offers have been voiced by Indonesia and the latest deal for ex-Indonesia HRC has been done at $860/mt CFR Karachi.
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 |
214,550-215,050 |
1,225-1,228 |
214,500-215,000 |
1,125-1,128 |
214,525-215,025 |
1,125-1,128 |
CRC, 0.5-0.9 mm |
206,750-208,050 |
1,180-1,188 |
206,700-208,000 |
1,180-1,188 |
206,725-208,025 |
1,180-1,188 |
CRC, 1-1.6 mm |
204,550-205,550 |
1,168-1,174 |
204,500-205,500 |
1,168-1,174 |
204,525-205,525 |
1,168-1,174 |
Thickness |
Producer |
|||
Aisha Steel Mills |
International Steels Limited |
|||
PKR/mt |
$/mt |
PKR/mt |
$/mt |
|
HDG, 0.25 mm |
231,550 |
1,322 |
231,500 |
1,322 |
HDG, 0.3-0.35 mm |
226,350-227,050 |
1,292-1,296 |
226,300-227,000 |
1,292-1,296 |
HDG, 0.4-0.6 mm |
217,650-224,550 |
1,243-1,282 |
217,600-219,500 |
1,243-1,282 |
HDG, 0.7-0.8 mm |
216,800 |
1,238 |
216,750 |
1,238 |
HDG, 1 mm |
212,900 |
1,216 |
212,850 |
1,216 |
HDG, 1.2-2 mm |
212,050 |
1,211 |
212,000 |
1,211 |
All prices on Pakistani rupee basis include 17 percent VAT.
$1= PKR 175.150
