22
Feb
00:00
Pakistan steelmakers lament imposition of 5% scrap import duty
Pakistan’s steelmakers have slammed the government’s implementation earlier this month of a 5% duty on imports of scrap. This will put them at a disadvantage against shipbreakers who supply ship plate to re-rollers to produce rebar at cheaper levels than billet, Kallanish learns from the Pakistan Steel Melters Association (PSMA).
The duty was introduced because, the government argues, steelmakers have not passed on the slump in scrap prices to cu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous