Corona’s global and domestic economy and industry continue to be at war, with Corona severely hampering the operational activities of international shipping companies, which has tripled fares, importing 40-foot containers from China. The rent has gone up from 12 1,200 to 45 4,500.
On the other hand, steel prices have increased by Rs 50,000 per ton, after which steel has reached Rs 130,000 per ton. Senior Vice President Lahore Chamber Nasir Hameed Khan says that the demand for steel in the international markets has increased immensely and the export of steel, aluminum and copper is going on without meeting the needs of the country. Otherwise, prices will go up further.
Extracted from City42 News