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Steel Bar Prices Per Tonne Decreased by PKR 5,000

Mr. Syed Wajid Bukhari, general secretary of the Pakistan Association of Large Steel Producers (PALSP), disclosed the new reduced rates of steel bars in Karachi. The new price per ton is PKR 5,000, as reported by the sources.

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The revised prices set by Mr. Syed Bukhari begin at PKR 188,000-189,000 per tonne in the north and PKR 193,000-194,000 per tonne in the south. As a result of the market adjustment, prices were reduced.

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According to the reports, the price of steel falls between January and February every winter due to difficult weather conditions. Mr. Secretary further disclosed that the industry has emerged from the crisis and is operating well on the international market, with prices ranging from $445 to $560 per tonne.

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