- December 20, 2023
- Posted by: Muhammad Afzaal
- Category: RBS News
The construction industry has found relief in the recent drop in steel prices compared to cement, according to a news report on December 15th.
Specifically, the price per ton of steel has seen a significant decrease, falling from just under PKR 305,000 to PKR 245,000. This decline is attributed to the recent strengthening of the national currency, a factor that market analysts believe has played a key role in pushing down steel prices.
Local steel currently priced at PKR 245,000 per ton, while branded varieties range between PKR 263,000 and PKR 265,000, according to market data.
Conversely, there has been a slight increase in the weekly prices of cement bags nationwide. Data from the statistics department indicates that the average price per cement bag in northern regions has risen to PKR 1,276, marking a 0.35% increase from the previous week’s average of PKR 1,271.
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