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30 Mar
01:00

Pakistan steel and scrap imports grow in February

Pakistan’s imports of iron and steel grew 23% year-on-year in February to $139.4 million, while steel scrap imports surged 117% to $66.58m, according to the latest State Bank of Pakistan data seen by Kallanish. Pakistani steelmakers have urged the government to hike steel import duties to 40%. They argue that January’s increase of billet, bar and wire rod tariffs to 15% is insufficient because China and CIS-origin steel prices have since fal…
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