Pakistan Steel Mills has further slashed the prices of its products with immediate effect to facilitate reconstruction in the earthquake-hit areas and discourage dumping of sub-standard imported steel products in the country.
The prices of its cold rolled and galvanised materials were reduced by Rs 1,000 per ton. Besides, the prices of billet used for making construction bars have also been cut by Rs 750 per ton, says a PS statement here on Monday.
Pakistan Steel had earlier reduced the prices of hot rolled coils by Rs 2,500 per ton just a couple of weeks ago.
With the import of coke, Pakistan Steel was again in full production gear running at the capacity of over 90 per cent. Thus, PS would be able to continue supply of essential long and flat products including pig iron.