Markets

China’s 2025 steel demand to fall 1.5% on year, state research institute says

Reuters Published December 20, 2024

BEIJING: China’s steel demand is forecast to fall 1.5% in 2025 and drop 4.4% in 2024 from the year before, the state-backed China Metallurgical Industry Planning and Research Institute (MPI) said on Friday.

China’s steel consumption in 2024 and 2025 is forecast at 863 million metric tons and 850 million tons, respectively, it added.

Chinese steel prices hit 3-month low on poor construction demand

The world’s largest steel producer manufactured a total of 929.19 million tons of crude steel in the first 11 months of 2024, down 2.7% year-on-year, official data showed on Monday.

China steel

Comments

Currency	Rate
USD PKR Interbank Selling / Apr 3	280.62
USD PKR Interbank Buying / Apr 3	280.42
USD to Japanese Yen / Apr 3	146.81
USD to Swiss Franc / Apr 3	0.87
Pound Sterling to USD / Apr 3	1.31
Euro to USD / Apr 3	1.10
UK LIBOR % / Mar 27	4.96

Currency

Rate

USD PKR Interbank Selling / Apr 3

280.62

USD PKR Interbank Buying / Apr 3

280.42

USD to Japanese Yen / Apr 3

146.81

USD to Swiss Franc / Apr 3

0.87

Pound Sterling to USD / Apr 3

1.31

Euro to USD / Apr 3

1.10

UK LIBOR % / Mar 27

4.96

Stock	Volume
S&P 500 / Apr 2	5,670.97
Nasdaq / Apr 2	17,601.05
FTSE 100 / Apr 2	8,608.48
Dow Jones / Apr 2	42,225.32
Germany DAX 30 / Apr 2	22,390.84
France CAC40 / Apr 2	7,858.83
India Sensex / Apr 3	76,339.59
Tokyo Nikkei / Apr 3	34,735.93
Hang Seng / Apr 3	22,859.74

Stock

Volume

S&P 500 / Apr 2

5,670.97

Nasdaq / Apr 2

17,601.05

FTSE 100 / Apr 2

8,608.48

Dow Jones / Apr 2

42,225.32

Germany DAX 30 / Apr 2

22,390.84

France CAC40 / Apr 2

7,858.83

India Sensex / Apr 3

76,339.59

Tokyo Nikkei / Apr 3

34,735.93

Hang Seng / Apr 3

22,859.74

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Crude Oil USD/Barrel / Apr 3	69.63
Gold Spot USD/Ounce / Apr 3	3,128.02
Cotton US¢/pound / Apr 3	65.42
Petrol/Litre / Apr 4	254.63
Diesel/Litre / Apr 4	258.64

Item

Value

Gold 10 Grams PKR / Mar 27

275,205

Karachi Cotton PKR/37.32 KG / Mar 28

17,085

Crude Oil USD/Barrel / Apr 3

69.63

Gold Spot USD/Ounce / Apr 3

3,128.02

Cotton US¢/pound / Apr 3

65.42

Petrol/Litre / Apr 4

254.63

Diesel/Litre / Apr 4

258.64

Stock	Price
Oilboy Energy(R) / Apr 3 Oilboy Energy Limited(R)(OBOYR2)	2.52 ▲ 1 (65.79%)
PICIC Ins.Ltd. / Apr 3 PICIC Insurance Limited(PIL)	2.86 ▲ 1 (53.76%)
Mughal Iron & Steel (R) / Apr 3 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	5.01 ▲ 1 (24.94%)
Reliance Ins. / Apr 3 Reliance Insurance Company Limited(RICL)	13.38 ▲ 1.22 (10.03%)
Nimir Resins / Apr 3 Nimir Resins Limited(NRSL)	29.87 ▲ 2.72 (10.02%)
Sanghar Sugar / Apr 3 Sanghar Sugar Mills Limited(SANSM)	51.89 ▲ 4.72 (10.01%)
First Elite Cap.Mod / Apr 3 First Elite Capital Modaraba(FECM)	12.10 ▲ 1.1 (10%)
Khairpur Sug. / Apr 3 Khairpur Sugar Mills Limited(KPUS)	134.73 ▲ 12.25 (10%)
LSE Financial Serv. / Apr 3 LSE Financial Services Limited(LSEFSL)	18.70 ▲ 1.7 (10%)
Philip Morris Pak. / Apr 3 Philip Morris (Pakistan) Limited(PMPK)	892.71 ▲ 81.16 (10%)

Stock

Price

Oilboy Energy(R) / Apr 3

Oilboy Energy Limited(R)(OBOYR2)

2.52

▲ 1 (65.79%)

PICIC Ins.Ltd. / Apr 3

PICIC Insurance Limited(PIL)

2.86

▲ 1 (53.76%)

Mughal Iron & Steel (R) / Apr 3

Mughal Iron & Steel Industries Limited (R)(MUGHALR2)

5.01

▲ 1 (24.94%)

Reliance Ins. / Apr 3

Reliance Insurance Company Limited(RICL)

13.38

▲ 1.22 (10.03%)

Nimir Resins / Apr 3

Nimir Resins Limited(NRSL)

29.87

▲ 2.72 (10.02%)

Sanghar Sugar / Apr 3

Sanghar Sugar Mills Limited(SANSM)

51.89

▲ 4.72 (10.01%)

First Elite Cap.Mod / Apr 3

First Elite Capital Modaraba(FECM)

12.10

▲ 1.1 (10%)

Khairpur Sug. / Apr 3

Khairpur Sugar Mills Limited(KPUS)

134.73

▲ 12.25 (10%)

LSE Financial Serv. / Apr 3

LSE Financial Services Limited(LSEFSL)

18.70

▲ 1.7 (10%)

Philip Morris Pak. / Apr 3

Philip Morris (Pakistan) Limited(PMPK)

892.71

▲ 81.16 (10%)

Stock	Price
Ghani Chem. Ind. / Apr 3 Ghani Chemical Industries Limited(GCIL)	16.27 ▼ -3.52 (-17.79%)
Lalpir Power / Apr 3 Lalpir Power Limited(LPL)	25.99 ▼ -2.89 (-10.01%)
Crescent Fib. / Apr 3 Crescent Fibres Limited(CFL)	41.21 ▼ -4.48 (-9.81%)
TPL Insurance / Apr 3 TPL Insurance Limited(TPLI)	8.66 ▼ -0.94 (-9.79%)
Pak. P.V.C. / Apr 3 Pakistan PVC Limited(PPVC)	7.51 ▼ -0.79 (-9.52%)
Imperial Limited / Apr 3 Imperial Limited(IML)	15.07 ▼ -1.58 (-9.49%)
Jubilee Spinning / Apr 3 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.85 ▼ -1.1 (-9.21%)
Karam Ceramics / Apr 3 Karam Ceramics Limited(KCL)	54.50 ▼ -5.5 (-9.17%)
TPL Life Insur. / Apr 3 TPL Life Insurance Limited(TPLL)	54.02 ▼ -4.86 (-8.25%)
Trust Sec.& Brok. / Apr 3 Trust Securities & Brokerage Limited(TSBL)	11 ▼ -0.92 (-7.72%)

Stock

Price

Ghani Chem. Ind. / Apr 3

Ghani Chemical Industries Limited(GCIL)

16.27

▼ -3.52 (-17.79%)

Lalpir Power / Apr 3

Lalpir Power Limited(LPL)

25.99

▼ -2.89 (-10.01%)

Crescent Fib. / Apr 3

Crescent Fibres Limited(CFL)

41.21

▼ -4.48 (-9.81%)

TPL Insurance / Apr 3

TPL Insurance Limited(TPLI)

8.66

▼ -0.94 (-9.79%)

Pak. P.V.C. / Apr 3

Pakistan PVC Limited(PPVC)

7.51

▼ -0.79 (-9.52%)

Imperial Limited / Apr 3

Imperial Limited(IML)

15.07

▼ -1.58 (-9.49%)

Jubilee Spinning / Apr 3

Jubilee Spinning & Weaving Mills Ltd.(JUBS)

10.85

▼ -1.1 (-9.21%)

Karam Ceramics / Apr 3

Karam Ceramics Limited(KCL)

54.50

▼ -5.5 (-9.17%)

TPL Life Insur. / Apr 3

TPL Life Insurance Limited(TPLL)

54.02

▼ -4.86 (-8.25%)

Trust Sec.& Brok. / Apr 3

Trust Securities & Brokerage Limited(TSBL)

▼ -0.92 (-7.72%)

Stock	Volume
Sui South Gas / Apr 3 Sui Southern Gas Company Limited(SSGC)	52,881,436 ▲ 3.18
Cnergyico PK / Apr 3 Cnergyico PK Limited(CNERGY)	45,500,561 ▼ -0.12
Arif Habib Corp / Apr 3 Arif Habib Corporation Limited(AHCL)	20,574,938 ▼ -0.38
WorldCall Telecom / Apr 3 Worldcall Telecom Limited(WTL)	16,227,931 ▲ 0.06
Pak Elektron / Apr 3 Pak Elektron Limited(PAEL)	15,717,993 ▼ -1.38
B.O.Punjab / Apr 3 The Bank of Punjab(BOP)	14,458,903 ▲ 0.24
Fauji Cement / Apr 3 Fauji Cement Company Limited(FCCL)	14,246,294 ▲ 0.99
Pak Int.Bulk / Apr 3 Pakistan International Bulk Terminal(PIBTL)	13,609,055 ▲ 0.19
Maple Leaf Cement / Apr 3 Maple Leaf Cement Factory Limited(MLCF)	12,812,804 ▲ 2.94
K-Electric Ltd. / Apr 3 K-Electric Limited(KEL)	10,996,061 ▲ 0.11

Stock

Volume

Sui South Gas / Apr 3

Sui Southern Gas Company Limited(SSGC)

52,881,436

▲ 3.18

Cnergyico PK / Apr 3

Cnergyico PK Limited(CNERGY)

45,500,561

▼ -0.12

Arif Habib Corp / Apr 3

Arif Habib Corporation Limited(AHCL)