PSM raises steel prices

Tuesday, 25 Jan 2011
Business Recorder reported that the Pakistan Steel Mills Corporation has announced to raise prices of the six products by amounts up to PKR 4,150 per tonne, to rationalize its prices in line with international market prices.
As per report, PSM has raised prices of billets, hot rolled coils, cold rolled coils, thick plates, MS slab and pig iron by PKR 500 per tonne to PKR 4,150 per tonne with immediate effect.
Some of the details mentioned in the report are
Excluding taxes
1. Billet - Up by PKR 1,000 per tonne to PKR 4,150 per tonne90X90/ 80X80/ 75X75 mm - Up by PKR 4,150 per tonne to PKR 57,000 per tonne100X100/105X105 mm - Up by PKR 3,500 per tonne to PKR 56,000 per tonne125X125 mm - Up by PKR 2,500 per tonne to PKR 54,500 per tonne150X150 mm - Up by PKR 1,000 per tonne to PKR 53,000 per tonne
2. HRC - Up by PKR 500 per tonne to PKR 1,400 per tonne2-2.35X100/1220 - Up by PKR 1,400 per tonne to PKR 62,600 per tonne2.35- 3.25mm - Up by PKR 1200 per tonne to PKR 62,200 per tonne3.25-3.65mm - Up by PKR 1,000 per tonne to PKR 61,800 per tonne3.6504mm - Up by PKR 900 per tonne to PKR 61,500 per tonne4-5mm - Up by PKR 600 per tonne to PKR 61,000 per tonne5-6mm - Up by PKR 500 per tonne to PKR 60,700 per tonne
3. CR - Up by PKR 500 per tonne to PKR 800 per tonne
4. Plates - Up by PKR 1000 per tonne to PKR 53,000 per tonne
5. Slab - PKR 50,500 per tonne
6. Pig iron - PKR 42,200 per tonne
(Sourced from Business Recorder)