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[SBP @StateBank_Pak]

Interbank closing #ExchangeRate for today
https://t.co/X217Qv0HUT

[Steel Business Information Services @SteelBisGlobal]

Imported Scrap Assessment
Shredded 211 CFR Port Qasim
$480-495/t

Pure Qainchi Tok Ex LHR
(Shredded Equivalent)
Rs.141,500- 142,000/t

[Steel Business Information Services @SteelBisGlobal]

Local Billet

Bala Ex LHR
Rs.184,000-186,000/t

Bari Ex LHR
Rs.185,000-187,000/t

[Steel Business Information Services @SteelBisGlobal]

Pakistan Prime Grade Flat Steel Prices Ex KHI
0.25mm CRC Rs.291,389/t
1mm CRC Rs.280,274/t

0.25mm GP Rs.310,694/t
1mm GP Rs.288,873/t

[Steel Business Information Services @SteelBisGlobal]

Pakistan G 60 Rebar Ex KHI
9.5-12mm 231,000/t
12mm above 229,000/t

[SBP @StateBank_Pak]

Interbank closing #ExchangeRate for today
https://t.co/pcqWSPv0ds

[SBP @StateBank_Pak]

REER index was recorded at 95.85 in Apr 22 as compared to 96.66 in Mar 22. For details Visit #EasyData portal to view interactive chart and download data at https://t.co/aHl0Vr3YLF or see report: https://t.co/Ird7FDRhJ8

[SBP @StateBank_Pak]

Interbank closing #ExchangeRate for today
https://t.co/5h4viArShY

[SBP @StateBank_Pak]

Interbank closing #ExchangeRate for today
https://t.co/32opxFEVl8

[Steel Business Information Services @SteelBisGlobal]

SteelBis wishes Eid Mubarak to Muslims across the world. May Allah accept your good deeds and bless you and your loved ones with kindness, patience, happiness, and love.

[SBP @StateBank_Pak]

Total liquid foreign #reserves held by the country stood at US$ 16.67 billion as of April 23, 2022. For details: https://t.co/WpSgomnd3v

[Steel Business Information Services @SteelBisGlobal]

China's national price of HRB400E 20mm dia rebar assessment decreased further by Yuan 35/tonne ($5.4/t) from last Friday to Yuan 5,100/t including the 13% VAT as of April 24, a working weekend day in lieu of off-days during the Labour Day holiday over April 30-May 4.

[Steel Business Information Services @SteelBisGlobal]

With the latest adjustment, Osaka Steel, a subsidiary of Nippon Steel, has added a total of Yen 15,000/t since March and its total price increment since June 2021 has reached Yen 38,000/t.

[Steel Business Information Services @SteelBisGlobal]

Osaka Steel, Japan's largest steel section producer, has decided to make an additional hike for its section prices by Yen 5,000/tonne ($39/t) for May domestic sales, to transfer the further rise in production costs.

[Steel Business Information Services @SteelBisGlobal]

The company also plans to trim its sales volume by 30% to tighten section supply, a company official shared on Monday.

[Steel Business Information Services @SteelBisGlobal]

This is the first time for local billet producers in Tangshan to suffer losses since November 2021, as their production costs climbed to Yuan 4,814/t ($739.8/t) including the 13% VAT as of April 22, up by another Yuan 41/t

[Steel Business Information Services @SteelBisGlobal]

Billet producers in Tangshan, China's top steel production hub and billet supply base in North China's Hebei province, suffered an average loss of Yuan 24/tonne ($3.7/t) EXW including the 13% VAT as of April 22, due to continuously rising production costs and weakening demand

[Steel Business Information Services @SteelBisGlobal]

Similar-size and grade Vietnamese induction furnace billet are offered at $775/t cfr. A Vietnamese mill is also offering blast furnace billet at $800/t cfr. Offers for various sources were $800-830/t cfr during the week of 4 April.

[Steel Business Information Services @SteelBisGlobal]

In Manila, more billet import offers have fallen to under $800/t cfr. Vietnamese-origin120mm/130mm square 5sp EAF billet offers are prevailing at $785-795/tonne cfr Manila, Vietnamese sources say.

[Steel Business Information Services @SteelBisGlobal]

The downtrend in the raw materials segment transcended into finished steel futures, the most-active rebar contract on the Shanghai Futures Exchange SRBcv1 lost 3.4% and hot-rolled coil SHHCcv1 lost 4%.