Construction costs in Pakistan have risen due to another increase in steel prices. The economic crisis, coupled with ongoing delays in shipment arrivals, has led to significant hikes in the prices of construction materials, impacting individuals looking to build homes. The price of iron, also known as steel rebar, has surged by Rs5,000 per ton … Read more
In a noteworthy development, domestic steel prices in Pakistan have once again experienced a substantial increase, posing challenges for the construction and infrastructure sectors. Announced by domestic steel producers on Tuesday, the surge affects the prices of Cold Rolled Coil (CRC) and Hot Dipped Galvanized Coil (HDGC), both rising by Rs. 5,000 per ton. Effective … Read more
In Pakistan, the price of steel, a crucial construction component, has experienced a notable decrease, attributed to the significant strengthening of the Pakistani rupee against the US dollar since September 2023. The surge in the Pakistani rupee, surpassing the Rs300 mark, prompted authorities to launch a crackdown on currency smugglers and hoarders. This initiative yielded … Read more
BEIJING — China’s crude steel production increased 2 percent year on year to 805.89 million tonnes during the first three quarters of the year, according to data from the National Development and Reform Commission. Steel exports jumped 31.3 percent from a year earlier to 53.02 million tonnes during the period, while imports fell 28.9 percent … Read more
KARACHI: The Association of Builders and Developers (Abad) on Wednesday criticised the price hike of steel bars and said such a move will hit the objectives of the Naya Pakistan Housing Programme, a statement said. Abad chairman Fayyaz Ilyas vehemently rejected Rs11,000/tonne price hike in steel bars within a span of 15 days and demanded … Read more
