Flat steel price jumps by Rs3,000/ton

MG News | February 10, 2022 at 11:06 AM GMT+05:00

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February 10, 2022 (MLN): In line with market expectation, the local CRC manufacturers have increased the prices of CRC (1mm) and Galvanized Coils (1mm) by Rs3,000/ton, clocked in at Rs205,500 per ton and Rs212,850 per ton, respectively, as reported by Ismail Iqbal Securities on Thursday.

This new price is effective from February 10, 2022.

To note, the last price change happened in early December when local players cut the prices by around 8,000 per ton.

This price hike could be attributable to the reversal in international flat steel prices.

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