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18 Jul

Pakistan’s May scrap and steel imports plummet severely

Delays in opening letters of credit (LC), slowed steel demand, and rising inflation have resulted in a dramatic fall in Pakistani scrap and steel imports. Pakistan’s scrap imports plunged 37.98% on-year to 126,190 tonnes in May against 203,470t imported a year earlier, according to Pakistan Bureau of Statistics (PBS) data seen by Kallanish. Imports, however, grew 45.08% on-month versus 86,980t imported in April. The nation imported 2 million tonnes of scr…
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Sayed Aameer  |  India
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