{"id":94559,"date":"2023-08-17T11:53:39","date_gmt":"2023-08-17T06:53:39","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=94559"},"modified":"2023-08-17T11:53:40","modified_gmt":"2023-08-17T06:53:40","slug":"steel-prices-hike-in-august","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/steel-prices-hike-in-august.html","title":{"rendered":"Steel prices undergo second hike in August"},"content":{"rendered":"\n<p>Lahore: The domestic prices of steel have experienced their second hike in August, driven by soaring raw material costs and increasing inflation rates, according to news published on August 16.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/steel-smuggling.html\" target=\"_blank\" rel=\"noreferrer noopener\">\u2018Steel smuggling from Iran, Afghanistan destroying local industry\u2019<\/a><\/p>\n\n\n\n<p>After this upward adjustment, the domestic steel rebar prices have surged by approximately PKR 10,000 per ton, with the new rates taking effect from today. According to sources, the retail price range for steel now stands at an average of PKR 270,000 to PKR 280,000 per ton. Earlier, steel rebar prices had escalated to the range of PKR 260,000 to PKR 267,500 per ton.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/govt-prioritise-steel-sectors-lcs.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt urged to prioritise steel sector\u2019s LCs<\/a><\/p>\n\n\n\n<p>The construction sector is in turmoil due to the consistent surge in steel price. Steel manufacturers have attributed these cost hikes to shortages in raw materials and a significant rise in the basic power tariff.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The domestic prices of steel have experienced their second hike in August, driven by soaring raw material costs and increasing inflation rates, according to news published on August 16. Read: \u2018Steel smuggling from Iran, Afghanistan destroying local industry\u2019 After this upward adjustment, the domestic steel rebar prices have surged by approximately PKR 10,000 per ton, with the new rates taking effect from today. According to sources, the retail price range for steel now stands at an average of PKR 270,000 to PKR 280,000 per ton. Earlier, steel rebar prices had escalated to the range of PKR 260,000 to PKR 267,500 per ton. Read: Govt urged to prioritise steel sector\u2019s LCs The construction sector is in turmoil due to the consistent surge in steel price. Steel manufacturers have attributed these cost hikes to shortages in raw materials and a significant rise in the basic power tariff.<\/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":[51458],"persona":[],"class_list":{"0":"post-94559","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","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 undergo second hike in August - Zameen News<\/title>\n<meta name=\"description\" content=\"The domestic prices of steel have experienced their second hike in August, driven by soaring raw material costs and increasing inflation.\" \/>\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-in-august.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steel prices undergo second hike in August - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The domestic prices of steel have experienced their second hike in August, driven by soaring raw material costs and increasing inflation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/steel-prices-hike-in-august.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-17T06:53:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-17T06:53:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/10\/steel.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hazafa Hasan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hazafa Hasan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Steel prices undergo second hike in August - Zameen News","description":"The domestic prices of steel have experienced their second hike in August, driven by soaring raw material costs and increasing inflation.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/steel-prices-hike-in-august.html","og_locale":"en_US","og_type":"article","og_title":"Steel prices undergo second hike in August - Zameen News","og_description":"The domestic prices of steel have experienced their second hike in August, driven by soaring raw material costs and increasing inflation.","og_url":"https:\/\/www.zameen.com\/news\/steel-prices-hike-in-august.html","og_site_name":"Pakistan Real Estate News &amp; 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