Despite slowing down demand for steel bars, manufacturers have revised the prices upward citing supply chain disruptions and high production costs.
“Steel bar prices have been raised by Rs10,000-25,000 per tonne in December,” Chief Executive, F.F. Steel, Zarak K. Khattak told Dawn on Thursday.
The new rates issued by many companies hover between Rs224,500-225,500 per tonne for 10mm-12mm size and Rs222,500-223,500 for 16mm-25mm size.
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