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01 Mar
00:00

Pakistan tinplate mill sees improved performance on new import duty

Pakistani tinplate producer Siddiqsons Tinplate (STL) expects the recent imposition of a 5% duty on electrolytic tinplate imports to discourage imports and improve its performance in the coming months. However, it still faces the same level of duty on its raw materials imports. The firm’s sales recovered in the quarter through December following after a steep reduction the previous quarter due primarily to difficulty competing with imports. June-Decemb…
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