{"id":86623,"date":"2022-06-14T16:01:19","date_gmt":"2022-06-14T11:01:19","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=86623"},"modified":"2022-06-14T16:01:24","modified_gmt":"2022-06-14T11:01:24","slug":"steel-prices-hike-ntl-scrap-material","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/steel-prices-hike-ntl-scrap-material.html","title":{"rendered":"Steel prices go up amid hike in int&#8217;l scrap material cost"},"content":{"rendered":"\n<p>Islamabad: Steel companies across the country on Monday (June 13) raised steel bar prices by PKR 7,000 per ton in the north and south regions of Pakistan in response to a rise in international raw material costs, according to news sources. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/moip-audit-firm-steel-prices.html\" target=\"_blank\" rel=\"noreferrer noopener\">MoIP to hire audit firm to stabilise prices of steel, other construction materials<\/a><\/p>\n\n\n\n<p>The price of a ton of steel bar is currently PKR 226,000 in the north and PKR 229,000\u00a0 in the south. According to reports, steel manufacturers announced the increased prices on Monday, with the increase taking effect immediately. According to reports, the prices have risen due to an increase in raw material and scrap costs, which have driven up local rates. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/abad-rates-of-construction-materials.html\">Low-cost Housing: ABAD urges govt to reduce rates of construction materials<\/a><\/p>\n\n\n\n<p>Market analysts believe that prices have risen owing to supply chain issues as well as the dollar-rupee parity. It is vital to note that the rise in steel bar costs is projected to have a negative impact on the construction sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Steel companies across the country on Monday (June 13) raised steel bar prices by PKR 7,000 per ton in the north and south regions of Pakistan in response to a rise in international raw material costs, according to news sources. Read: MoIP to hire audit firm to stabilise prices of steel, other construction materials The price of a ton of steel bar is currently PKR 226,000 in the north and PKR 229,000\u00a0 in the south. According to reports, steel manufacturers announced the increased prices on Monday, with the increase taking effect immediately. According to reports, the prices have risen due to an increase in raw material and scrap costs, which have driven up local rates. Read: Low-cost Housing: ABAD urges govt to reduce rates of construction materials Market analysts believe that prices have risen owing to supply chain issues as well as the dollar-rupee parity. It is vital to note that the rise in steel bar costs is projected to have a negative impact on the construction sector.<\/p>\n","protected":false},"author":75,"featured_media":71142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[52703],"persona":[],"class_list":{"0":"post-86623","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-steel-prices-go-up-amid-hike-in-international-scrap-material-cost","10":"cat-15016-id","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Steel prices go up amid hike in int&#039;l scrap material cost - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Steel companies across the country on Monday (June 13) raised steel bar prices by PKR 7,000 per ton in the north and south regions of Pakistan\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/steel-prices-hike-ntl-scrap-material.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steel prices go up amid hike in int&#039;l scrap material cost - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Steel companies across the country on Monday (June 13) raised steel bar prices by PKR 7,000 per ton in the north and south regions of Pakistan\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/steel-prices-hike-ntl-scrap-material.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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