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Supply Concerns Rise Amid Soaring Steel Price

Supply Concerns Rise Amid Soaring Steel Price

Islamabad: The domestic steel industry has experienced a PKR 4,000/ton price hike, raising concerns about supply.

This increase will likely impact the overall cost of steel production and could have far-reaching consequences on the manufacturing industry that heavily relies on steel.

A price surge has been reported just after a reduction of PKR 10,000 per ton was implemented a week ago. The revised prices are effective from October 31st and have caused steel rebar prices to range from PKR 259,000 to PKR 264,000/ton.

The sudden hike in steel prices raises concerns about potential shortages in the coming weeks. Currently, the steel supply situation remains uncertain with fluctuating trends. For the latest Real Estate News and Blogs, visit Realtorspk blogs.

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