ISL increases steel prices by Rs5,000 per ton

By MG News | May 19, 2022 at 10:45 AM GMT+05:00

0:00

May 19, 2022 (MLN): International Steel Limited (ISL) has raised the prices of Cold Roll Coil (CRC) and Hot Dipped Galvanized Coil/Sheets (HDGC) by Rs5,000 per ton with effect from May 19, 2022.

The new prices are now Rs232.5k per ton for CRC and Rs243.8k per ton for HDGC.

According to Topline Securities, other players in the sector will follow the ISL’s suit.

This price hike came after almost a month which is due to continuous PKR devaluation as the HRC prices globally have come down recently due to sluggish demand, as per a note by Ismail Iqbal Securities.

Copyright Mettis Link News

Related News

TRG: Dominos Tumbling for the Management

ACPL to hit Rs352/share by December 2025

Fairtrade Capital faces action for office closure violations

Name	Price/Vol	%Chg/NChg
KSE100	127,265.57 134.33M	1.30% 1638.25
ALLSHR	79,253.49 426.53M	0.85% 668.78
KSE30	38,734.94 40.38M	1.52% 581.15
KMI30	186,673.91 52.96M	0.97% 1787.41
KMIALLSHR	54,097.95 229.68M	0.62% 334.15
BKTi	32,489.36 29.17M	1.78% 567.68
OGTi	27,781.07 2.15M	0.03% 7.09

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,315.00	108,105.00 107,145.00	-920.00 -0.85%
BRENT CRUDE	66.54	66.63 66.34	-0.20 -0.30%
RICHARDS BAY COAL MONTHLY	97.00	97.00 97.00	1.05 1.09%
ROTTERDAM COAL MONTHLY	107.65	107.65 105.85	1.25 1.17%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.88	65.02 64.67	-0.23 -0.35%
SUGAR #11 WORLD	16.19	16.74 16.14	-0.52 -3.11%