International Steel increases steel prices by Rs2,000/ton

By MG News | March 22, 2022 at 12:53 PM GMT+05:00

0:00

March 22, 2022 (MLN): International Steel Limited (ISL) has raised the prices of Cold Roll Coil (CRC) and Hot Dipped Galvanized Coil/Sheets (HDGC) by Rs2,000 per ton with effect from March 22, 2022.

The new prices are now clocked in at Rs218.5k per ton for CRC and Rs229.8k per ton for HDGC.

According to Topline Securities, the other steel players are also likely to increase the prices.

To recall, this is the third hike in local flat steel prices in the month of March, taking a cumulative increase to Rs10,000 per ton. The rise in local flat steel prices is on the back of a continuous increase in international HRC prices from $79 per ton on February 25, 2022, to $865 per ton on March 21, 2022.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	133,299.11 20.71M	-0.05% -71.03
ALLSHR	83,116.15 71.12M	0.04% 35.00
KSE30	40,616.23 6.22M	-0.22% -89.07
KMI30	191,823.36 7.55M	-0.39% -757.32
KMIALLSHR	55,811.10 31.63M	-0.04% -24.62
BKTi	36,197.58 0.57M	-0.33% -119.59
OGTi	28,442.68 0.82M	-0.35% -100.28

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,150.00	108,880.00 107,680.00	-305.00 -0.28%
BRENT CRUDE	69.31	69.50 69.03	-0.27 -0.39%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.90 3.07%
ROTTERDAM COAL MONTHLY	106.00	106.75 106.00	0.25 0.24%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.63	67.97 67.40	-0.30 -0.44%
SUGAR #11 WORLD	16.25	16.46 16.07	-0.13 -0.79%