Domestic rebar prices surge Rs2,000/tonne
KARACHI: The domestic rebar prices have increased Rs2,000/tonne on Wednesday night and are currently trading at Rs195,500/tonne to Rs197,500/tonne, taking the cumulative price increase during the ongoing quarter to around Rs18,000/tonne. “The ongoing price increase is the result of uptick in [the] international scrap prices, rupee devaluation and high energy costs,” Ahmed Rauf at Sherman … Read more