<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">As per our channel checks, Amreli Steel has raised the
prices of Rebars from PKR88,500/ton (ex-factory) to PKR91,500/tons (ex-factory)
- an increase of PKR3,000/ton or 3.3%. The raise in rebar prices has also been
confirmed by the management of ASTL.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">As per our understanding, the price revision by ASTL
primarily aims to shield its margins from recent depreciation in Pak Rupee
against US$ and hike in scrap prices.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The Pak Rupee is currently trading at PKR110.55 versus
PKR105.39 in the first week of Dec’17. Furthermore, scrap prices are trading at
US$355/ton as compared to US...
