{"id":82141,"date":"2021-12-09T15:31:29","date_gmt":"2021-12-09T10:31:29","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=82141"},"modified":"2021-12-10T10:53:22","modified_gmt":"2021-12-10T05:53:22","slug":"steel-mills-pkr-2000-per-tonne","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/steel-mills-pkr-2000-per-tonne.html","title":{"rendered":"Price of steel bars, products rise by PKR 2,000 per tonne"},"content":{"rendered":"\n<p><strong>K<\/strong>arachi: Pakistan Association of Large Steel Producers Secretary-General Syed Wajid I. Bukhari on Wednesday (December 08) announced a PKR 2,000 per tonne increase in the ex-factory price of steel products, news sources reported. The new price hike is applicable from December 07.&nbsp;<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/steel-price-rise-input-cost-increases.html\" target=\"_blank\" rel=\"noreferrer noopener\">Steel price goes up further as input cost increases<\/a><\/p>\n\n\n\n<p>As per the details, the rapidly depreciating rupee against the dollar has resulted in higher international prices of steel scrap along with the import charges and clearance. The secretary said that the changes in the prices are likely to <a href=\"https:\/\/www.zameen.com\/news\/abad-govt-stabilise-cement-steel-material.html\" data-type=\"post\" data-id=\"79271\" target=\"_blank\" rel=\"noreferrer noopener\">impact the housing and construction sector.<\/a> Moreover, the changes have been made across the board by all steel manufacturers citing electricity and gas prices in addition to the import prices. Following are the prices of the steel bars of various types as notified by the three major manufacturers:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><\/td><td><strong>Price of 9.5\/10mm and 12mm\/tonne (PKR)<\/strong><\/td><td><strong>Price of 16mm and above\/tonne&nbsp;(PKR)<\/strong><\/td><\/tr><tr><td>Amreli Steels Ltd&nbsp;<\/td><td>197,500<\/td><td>195,000<\/td><\/tr><tr><td>Naveena Steel Mills&nbsp;<\/td><td>196,500<\/td><td>194,500<\/td><\/tr><tr><td>&nbsp;Faizan Steel<\/td><td>196,500<\/td><td>194,500<\/td><\/tr><\/tbody><\/table><figcaption>Courtesy DAWN News<\/figcaption><\/figure>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-increases-steel-value.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR increases value of steel for enhanced GST collection<\/a><\/p>\n\n\n\n<p>It is important to mention here that steel prices have steadily risen over the past two years with the decreasing dollar-to-rupee parity. It was also noted that the steel prices in November 2020 were reported to hover around PKR 110,000-113,000 per tonne as compared to the current value of PKR 197,500 per tonne.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Pakistan Association of Large Steel Producers Secretary-General Syed Wajid I. Bukhari on Wednesday (December 08) announced a PKR 2,000 per tonne increase in the ex-factory price of steel products, news sources reported. The new price hike is applicable from December 07.&nbsp; Read: Steel price goes up further as input cost increases As per the details, the rapidly depreciating rupee against the dollar has resulted in higher international prices of steel scrap along with the import charges and clearance. The secretary said that the changes in the prices are likely to impact the housing and construction sector. Moreover, the changes have been made across the board by all steel manufacturers citing electricity and gas prices in addition to the import prices. Following are the prices of the steel bars of various types as notified by the three major manufacturers: Price of 9.5\/10mm and 12mm\/tonne (PKR) Price of 16mm and above\/tonne&nbsp;(PKR) Amreli Steels Ltd&nbsp; 197,500 195,000 Naveena Steel Mills&nbsp; 196,500 194,500 &nbsp;Faizan Steel 196,500 194,500 Courtesy DAWN News Read: FBR increases value of steel for enhanced GST collection It is important to mention here that steel prices have steadily risen over the past two years with the decreasing dollar-to-rupee parity. It&hellip;<\/p>\n","protected":false},"author":84,"featured_media":63768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[49932,49934,49935],"persona":[],"class_list":{"0":"post-82141","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-steel-mills-notify-increase-of-pkr-2","9":"tag-steel-price-update","10":"tag-steel-prices-rise-again","11":"cat-15013-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Price of steel bars, products rise by PKR 2,000 per tonne - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: Pakistan Association of Large Steel Producers Secretary-General Syed Wajid I. 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