In a disconcerting turn of events, domestic steel product prices witnessed yet another upward revision during the month of August.
The construction sector, a cornerstone of the nation’s economic development, is feeling the brunt of escalating raw material costs and the devaluation of the Pakistani rupee.
Steel rebar prices, a critical component in construction, have seen a staggering increase of up to Rs. 8,000 per ton, a revision effective from August 29, 2023.
According to JS Research, retail prices now hover within the range of Rs. 282,000 to Rs. 288,000 per ton.
