Rise in construction activities, steel bar prices recorded above Rs150,000 per tonne

KARACHI: Increase in the demand for steel due to the rising construction activities in the country has pushed the steel bar prices above Rs150,000 per tonne.

invest with imarat

Islamabad’s emerging city centre

Learn More

According to the details, the prices of steel in November 2020 were recorded between Rs110,000-Rs113,000 and have been gradually rising owing to the increasing construction activities.

An increase in the volume of imports of steel and iron scrap has also been observed in the eleventh month of Fiscal Year 2021.

As per the Pakistan Bureau of Statistics (PBS), the import volume of iron and steel scrap imports in 11MFY21 have been recorded at Rs4.429m tonnes at $1.7bn against the 3.6m tonnes at Rs1.4bn in the same period of last year.

 

For news and blogs, visit Graana.com 

Maham Tahir

Recent Posts

Garha Mor: A Notable Landmark in Vehari City

Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…

1 day ago

Aslam Market Wah Cantt: Pleasure of Shopping & Dinning

Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…

2 days ago

Abid Market Lahore: An Iconic Shopping Landmark

Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…

3 days ago

CDA Chairman Urges Rapid Completion of Major Islamabad Interchanges

ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…

3 days ago

IMARAT Announces Launch of Pakistan’s Largest Sharia-Compliant REIT – A New Era of Real Estate Investment

Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…

3 days ago

Amma Tower: A Landmark in Urban Living & Commerce

Amma Tower, located in the bustling area of Saddar in Karachi, is a unique blend…

4 days ago