Industry News

Steel rebar prices raised up to Rs5,000 per ton

Views : 102
Update time : 2023-11-08 15:36:42

Citing industry data, Topline Securities’ Senior Research Analyst Fahad Hussain Khan told The Express Tribune “this is the third consecutive increase in rebar prices since the government raised gas prices (up to 193%) last month…with effect from November 1, 2023.”

He said rebar manufacturers had cumulatively increased prices by Rs17,000-18,000 per ton nationwide to pass on the impact of gas price hike to end-consumers.

Giving data breakdown, the analyst said steel makers in the south (Sindh and Balochistan) on Tuesday increased rebar prices by Rs4,000 to Rs270,000 per ton.

Similarly, manufacturers in the north (Punjab and Khyber-Pakhtunkhwa) jacked up prices by Rs5,000 to Rs266,000 per ton.

Khan said the latest round of rupee depreciation and shortage of imported raw material (scrap) for the industry were the other two leading factors that contributed to taking rebar prices to the current high levels.

Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11