Flat steel price jumps by Rs3,000/ton

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

0:00

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.

Copyright Mettis Link News

Related News

Pakistan, Vietnam to boost halal seafood trade

Pakistan, China explore trade ties at Khorgos Dry Port

Govt dismisses talk of $100m Roosevelt Hotel floor price

Name	Price/Vol	%Chg/NChg
KSE100	136,502.54 259.91M	1.64% 2202.77
ALLSHR	85,079.90 838.35M	1.26% 1061.74
KSE30	41,552.62 97.27M	1.81% 738.33
KMI30	193,330.76 84.69M	0.39% 741.60
KMIALLSHR	56,315.31 366.02M	0.43% 243.06
BKTi	38,498.08 37.91M	4.13% 1526.33
OGTi	28,138.38 5.66M	-0.36% -101.89

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	120,635.00	123,615.00 118,675.00	2105.00 1.78%
BRENT CRUDE	69.12	71.53 69.05	-1.24 -1.76%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.25 0.26%
ROTTERDAM COAL MONTHLY	106.50	106.60 106.50	-2.20 -2.02%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.87	69.65 66.80	-1.58 -2.31%
SUGAR #11 WORLD	16.31	16.67 16.27	-0.26 -1.57%