Pakistani domestic steel prices to go up on increase in withholding tax

The Daily Times reported that the prices of steel products in Pakistan are likely to go up in the local market as a result of increase in withholding tax to 4% from 2% on imports. Industry sources told Daily Times that “Because of the increase in WHT at import stage the prices are Sourse: More [...]

HRC prices leap by up to USD 50 per tonne in Middle East

The global hot rolled coil prices exhibited uncharacteristic swing in fortunes during last fortnight. The auspicious happenings, although anticipated, its timing was always a mystery. It is a culmination of multiplicity of factors starting from depletion of stockpiles and rampant Sourse: More Info

Indian long product prices dip by 6 pct in one month

Although everyone is aware that long product prices in India are under tremendous pressure, we would like to high light that after loosing close to 6% in last 30 days, they are at lowest levels since last 21 months. The Indian Long Products Price Index ILPPI has crashed by 411 points or