JS Securities Limited – JS Research Beep (01-11-2019)

Karachi, November 01, 2019 (PPI-OT): Flat steel producers to offer discount of ~Rs5,000/ton on CRC and HDGC prices

Flat steel producers namely International steels limited (ISL) and Aisha steels limited (ASL) have started to offer discount of Rs5,000/ton on both CRC and HDGC prices effective from yesterday. Note that the prevailing CRC and HDGC prices were hovering at Rs108,500 and Rs115,850 respectively before this discount offer. The decision is mainly on account of availability of other cheaper coils (imported from South Africa and Europe) in the local market.

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