Pakistani producers of cold rolled (CR) and hot dip galvanized (HDG) coils have issued new offer prices for their domestic market, effective from February 21, in order to offset the increase in raw material prices.
Accordingly, local prices of CR and HDG coils have increased again by PKR 3,000/mt ($17/mt) compared to the previous offers announced in mid-February. However, due to the devaluation of the Pakistani rupee, the dollar-based quotations have risen by $12-13/mt, depending on the product.
Meanwhile, the major Asian suppliers of hot rolled coil (HRC) have been cautiously testing the Pakistani market with new offers, for shipment of material in April. In particular, ex-Japan SAE1006 HRC have been offered in Pakistan at $950/mt CFR, with Pakistani buyers seeking to buy at not higher than $900/mt CFR. Thus, a contract for ex-Japan HRC was discussed in the market at $900/mt CFR in the end of last week, though there has been no confirmation by the time of publication. The latest offers for ex-Indonesia SAE1006 HRC have been voiced at the lowest level, at $890-910/mt CFR, while previously ex-Indonesia HRC was booked to Pakistan at $860-870/mt CFR two weeks ago. Offers for ex-China SAE1006 have been heard at $900-915/mt CFR, though several deals from Chinese traders with positions for SS400 HRC were signed at $840-850/mt CFR last week.
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 |
217,550-218,050 |
1,237-1,240 |
217,500-218,000 |
1,237-1,240 |
214,525-218,025 |
1,237-1,240 |
CRC, 0.5-0.9 mm |
209,750-211,050 |
1,193-1,120 |
209,700-211,000 |
1,193-1,120 |
209,725-211,025 |
1,193-1,120 |
CRC, 1-1.6 mm |
207,550-208,550 |
1,180-1,186 |
207,500-208,500 |
1,180-1,186 |
207,525-208,525 |
1,180-1,186 |
CRC 1.8-2.5 mm |
207,050 |
1,178 |
207,000 |
1,178 |
207,025 |
1,178 |
Thickness |
Producer |
|||
Aisha Steel Mills |
International Steels Limited |
|||
PKR/mt |
$/mt |
PKR/mt |
$/mt |
|
HDG, 0.25 mm |
234,550 |
1,334 |
234,500 |
1,334 |
HDG, 0.3-0.35 mm |
229,350-230,050 |
1,304-1,308 |
229,300-230,000 |
1,304-1,308 |
HDG, 0.4-0.6 mm |
220,650-227,550 |
1,255-1,294 |
220,600-227,500 |
1,255-1,294 |
HDG, 0.7-0.8 mm |
219,800 |
1,250 |
219,750 |
1,250 |
HDG, 1 mm |
215,900 |
1,228 |
215,850 |
1,228 |
HDG, 1.2-2 mm |
215,050 |
1,223 |
215,000 |
1,223 |
All prices on Pakistani rupee basis include 17 percent VAT.
$1= PKR 175.830
