Pakistan's scrap imports in March 2024 were 252,982 mt, a 0.9% decrease from February but a 38.6% year-on-year increase. The value of these imports was $114.92 million, up 0.6% month-on-month and 48.1% year-on-year.
Iron and steel imports in March reached 258,299 mt, rising 79.7% year-on-year and 34.9% from the previous month, with a value of $185.37 million, up 55.4% year-on-year and 34.7% month-on-month.
Pakistan's steel industry is fragmented, with small plants using obsolete technology, leading to inefficiencies and reliance on imports.
The government aims to enhance the steel industry's role in economic development, focusing on quality, performance standards, and fair competition, especially concerning China and India.
