KARACHI, Oct 17: Pakistan Steel 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 galvanized materials were reduced by Rs1,000 per ton. Besides, the prices of billets used for making construction bars had also been cut by Rs750 per ton, says a PS statement here on Monday.

Pakistan Steel had earlier reduced the prices of hot rolled coils by Rs2,500 per ton just a couple of weeks ago.

With the import of coke, Pakistan Steel was again in full production gear running at capacity of over 90 per cent. Thus, PS would be able to continue supply of essential long and flat products including pig iron.—APP