In another development, the rate of galvanised sheet or cold rolled sheet used in making home appliances and automobiles has been raised by Rs14,000 to Rs280,000 per tonne.
A steel bar dealer said that Faizan Steel increased the 16mm-25mm rate to Rs240,500 per tonne and 10mm-12mm to Rs242,500.
He said that Agha Steel Industries also raised the 16mm-32mm rate to Rs241,500 and the 10-12 mm to Rs243,500.
In the last week of December 2022, the steel bar rates were Rs224,500-225,500 per tonne for 10mm-12mm and Rs222,500-223,500 for 16mm-25mm.
The previous record rate of steel bars was Rs236,000 per tonne hit in June 2022.
