KARACHI: The price of steel dropped significantly by Rs. 45,000 per ton as the cost of raw materials fell globally.
Given their impact on the economy, steel and iron are regarded as necessities for the building and industrial sectors.
Steel Price in Pakistan
According to domestic steel makers, the costs of Hot Dipped Galvanized Coil (HDGC) and Cold Rolled Coil (CRC) have decreased by Rs. 45,000 per ton as per the latest rates.
HDGC will be priced at Rs. 220,800 per ton as of late August, while 1 mm CRC would cost Rs. 211,500 per ton.
| Products | Price |
| Cold Rolled Coil (CRC) | Rs. 211,500 per ton |
| Hot Dipped Galvanized Coil (HDGC) | Rs. 220,800 per ton |
This decrease is the result of lower demand during the typically robust July to September construction season; additional price reductions are anticipated as Pakistan approaches the end of summer.