{"id":94713,"date":"2023-08-30T12:29:18","date_gmt":"2023-08-30T07:29:18","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=94713"},"modified":"2023-08-30T12:52:58","modified_gmt":"2023-08-30T07:52:58","slug":"steel-prices-meet-new-hike","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/steel-prices-meet-new-hike.html","title":{"rendered":"Steel price hikes further, new rates shared"},"content":{"rendered":"\n<p>Islamabad: The domestic steel product prices have once again experienced an accruement of PKR 8,000 in the month of August due to escalating raw material costs and rupee devaluation, a news source reported on August 29.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/khi-govt-considers-regularizing-illegal-buildings.html\" target=\"_blank\" rel=\"noreferrer noopener\">KHI\u2019s caretaker government considers regularizing illegal buildings<\/a><\/p>\n\n\n\n<p>As per the news source, the prices of steel rebar have been subject to an increase of up to PKR 8,000 per ton, effective as of August 29, 2023. This increase places the current retail prices within the range of PKR 282,000 to PKR 288,000 per ton.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/dha-multan-waiver-incentive-scheme.html\" target=\"_blank\" rel=\"noreferrer noopener\">DHA Multan waives off development charges on early construction<\/a><\/p>\n\n\n\n<p>Within Pakistan\u2019s steel industry, property and infrastructure stand as significant drivers of demand. However, it is notable that the growth momentum within the sector has been subdued due to certain moderation in infrastructure. It was mentioned that the manufacturers have no alternative but to transfer the increased cost to the end users because of the unfavourable market conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With an increase of PKR 8000, the steel sector encounters a new price mark of around PKR 2,90,000.<\/p>\n","protected":false},"author":88,"featured_media":71142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[57280,45104,45974],"persona":[],"class_list":{"0":"post-94713","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-latest-news","9":"tag-steel-industry","10":"tag-steel-price-in-pakistan","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 Meet New Hike - Zameen News<\/title>\n<meta name=\"description\" content=\"Following the accrued rates of manufacturing costs, latest steel prices have marked an impression with an increase of PKR 8000.\" \/>\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-meet-new-hike.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steel Prices Meet New Hike - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Following the accrued rates of manufacturing costs, latest steel prices have marked an impression with an increase of PKR 8000.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/steel-prices-meet-new-hike.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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