Manufacturers raise steel prices again

Some 10 days back, they had raised the price by the same amount.

The new prices of steel bar produced by Agha Steel Ltd and Amreli Steel Ltd are fixed at Rs231,000 per tonne (9.5/10mm and 12mm), while 16mm and above rebar price is now Rs229,000 per tonne.

Both the manufacturers informed their clients that they could no longer absorb the huge price fluctuation in the production costs due to continuous and unprecedented increases in the cost of energy and freight amid a highly volatile rupee-dollar parity.