Trends - steel - Business Recorder

steel

Dalian, Singapore iron ores up

MANILA: Dalian and Singapore iron ore futures rose on Tuesday after China said it has seen the peak of COVID-19...

Published 11 Jan, 2023 05:53am

Steel prices surge to all-time high level

KARACHI: The prices of steel rebars rose to an all-time level of Rs 235,000 per metric ton due to shortage of raw...

Updated 11 Jan, 2023 10:24am

LCs: Large steel sector seeks govt’s help

ISLAMABAD: Pakistan Association of Large Steel Producers has urged the State Bank of Pakistan (SBP) and Minister for...

Updated 09 Jan, 2023 08:51am

Markets

Iron ore, ferrous futures dip

MANILA: Dalian and Singapore iron ore futures fell on Tuesday, along with Chinese steel benchmarks and other...

Published 04 Jan, 2023 06:02am

BR Research

Construction: Bleak year ahead

Inflation is hurting, and it is hurting across the board. The construction industry is certainly no stranger to it...

Published 03 Jan, 2023 09:33am

Raw materials of steel sector: MoF, SBP urged to instruct commercial banks to prioritise LCs

ISLAMABAD: The documented steel sector has asked the Ministry of Finance and the State Bank of Pakistan (SBP) to...

Updated 01 Jan, 2023 10:09am

Markets

SGX iron ore futures rise

MANILA: Iron ore futures rose on Tuesday, with the Singapore benchmark price hitting its highest in nearly five...

Published 28 Dec, 2022 04:12am

Markets

China ferrous futures rise on policy support optimism

BEIJING: Futures of iron ore and other steelmaking ingredients in top steel producer China rose on Monday,...

Published 27 Dec, 2022 06:07am

Markets

China coking coal futures hold ground as supply concerns persist

MANILA: Coking coal futures in China held firm on Thursday, supported by concerns over limited supply of the...

Published 23 Dec, 2022 05:54am

Markets

Ferrous futures tumble

MANILA: Steel futures and prices of steelmaking ingredients in China fell on Monday as a surge in local Covid-19...

Published 20 Dec, 2022 05:58am

Markets

China steel output slips

BEIJING: China’s November steel output fell 6.5% from the previous month, official data showed on Thursday, as ...

Published 19 Dec, 2022 06:00am

Business & Finance

Scrap: Local consumers not getting global price cut benefit

ISLAMABAD: Despite a significant reduction in global scrap prices which declined from $644 to $365 per ton, the ...

Published 03 Dec, 2022 05:50am

Markets

China’s iron ore traders seek low-cost Indian supplies as steel margins slump

BEIJING: China is set to snap up significant volumes of low-grade Indian iron ore in coming weeks, as Chinese...

Published 29 Nov, 2022 07:18am

Markets

SGX iron ore snaps rally

MANILA: Iron ore futures in Singapore slumped more than 3% on Monday, retreating after a three-day rise, as protests...

Published 29 Nov, 2022 05:57am

Opinion

Application of slag in steel, other industries

The steel industry of Pakistan has been facing a number of challenges including but not limited to import of raw...

Published 27 Nov, 2022 05:58am

Markets

Iron ore jumps on demand hopes

MANILA: Iron ore futures climbed more than 5% on Monday to hit their highest in over a month, as top steel producer...

Published 15 Nov, 2022 05:52am

Markets

Iron ore futures lower

MANILA: Iron ore futures slumped on Tuesday, with the Dalian benchmark contract hitting a seven-week low, while...

Published 26 Oct, 2022 05:52am

Business & Finance

Facing massive cost-escalation, construction industry braces for tough time

Builders facing difficulties in pricing housing units for new projects

Published 23 Jul, 2022 07:37pm

Markets

Steel maker SSAB profit hits record, but outlook uncertain

STOCKHOLM: Swedish steel maker SSAB reported a bigger-than-expected jump in quarterly earnings on Friday on strong...

Published 23 Jul, 2022 04:10am

Markets

Steel futures rebound as China moves to calm property turmoil nerves

MANILA: Benchmark Shanghai steel futures extended gains to rise more than 4% on Tuesday, as China’s efforts to...

Published 20 Jul, 2022 05:48am

BR Research

Crescent Steel and Allied Products Limited

Crescent Steel and Allied Products Limited (PSX: CSAP) was established in 1983 as a public limited company under the...

Published 28 Jun, 2022 08:35am

Pakistan

Super tax a one-time levy, will help narrow budget deficit: Miftah Ismail

Finance minister says tax applicable for FY23, announces reduction in sales tax on large shops

Updated 24 Jun, 2022 05:58pm

Pakistan

PM Shehbaz slaps 10% 'super tax' on large-scale industries

One-time levy to be imposed on cement, steel, sugar, oil and gas, fertiliser, LNG , textile, banking, and automobile sectors among others for FY23

Updated 24 Jun, 2022 05:53pm

Business & Finance

Prices of DAP fertiliser, steel rebars go up amid rupee depreciation

Engro Fertilizers has increased the price of Di-Ammonium phosphate (DAP) urea, confirmed an official privy to the...

Published 18 Jun, 2022 09:00pm

Markets

Iron ore, steel fall as Beijing faces ‘ferocious’ Covid outbreak

MANILA: Dalian and Singapore iron ore futures fell on Monday, while benchmark steel prices in Shanghai also came...

Published 14 Jun, 2022 05:56am

Markets

China stimulus ramps up optimism in industrial metals: Russell

LAUNCESTON: The China economic stimulus machine is already firing up the prices of key commodities such as iron ore,...

Published 08 Jun, 2022 06:19am

Markets

Shanghai steel futures range-bound as Covid lockdowns offset stimulus measures

BEIJING: Chinese steel futures flitted in a tight range on Wednesday, as Covid-19 lockdowns continue to dampen ...

Published 26 May, 2022 05:26am

Markets

US to suspend tariffs on Ukrainian steel for one year

WASHINGTON: The United States will suspend tariffs on Ukrainian steel for one year, the Commerce Department said,...

Published 09 May, 2022 09:48pm

Markets

Chinese steel futures range-bound

BEIJING: Chinese steel futures traded in a tight range on Thursday, as investors looked for government measures to...

Published 16 Apr, 2022 04:10am

Markets

Global steel demand to grow, says WorldSteel

LONDON: Global steel demand is likely to grow 0.4% to 1.84 billion tonnes this year, slowing from a 2.7% gain in...

Published 16 Apr, 2022 04:10am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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