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"Steel prices are finally set to correct on weak seasonality, and may trade at around Rs 60,000 per tonne by the end of the current fiscal year", rating agency Crisil said in its latest report. ....
Steel sector players are facing some heat owing to high input commodity prices as finished steel products have begun to decline since April after the Russia-Ukraine war broke out. Prices in the long products segment have declined on an average of 10-15 per cent to Rs 57,000 per tonne in Kolkata market from a high of Rs 65,000 a tonne. Coal, which is a key raw material for the ....
Steel sector players are facing some heat owing to high input commodity prices as finished steel products have begun to decline since April after the Russia-Ukraine war broke out. ....
Soaring material cost likely to hit NPHP Lockdown, tax policies among reasons of price hike PHOTO: REUTERS LAHORE: Following the announcement of a package of incentives for the construction sector by Prime Minister Imran Khan, the prices of almost all the material used in the sector have increased because of disruption of supplies from China owing to Covid-19 restrictions, strict implementation taxation and import policies and a rise in the energy tariffs. Stakeholders fear that the rising costs may also affect the government’s lowcost housing initiative. Speaking to The Express Tribune, a former chairman of the Pakistan Re-Rolling Mills Association, Asmat Pervaiz disclosed that almost Rs15,000 to Rs20,000 per tonne increase has been witnessed in steel products’ prices. “Increase in demand following announcement of the construction sector package is one of the main reasons of this increase besides inflationary trend in steel scrap prices in international ....