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30 Aug
14:15

Costlier electricity troubles Pakistani steelmakers: steel association

Following the massive hike in electricity tariffs, Pakistani steelmakers have taken a direct hit on their steel production, impacting their profit margins and cost of production, Kallanish notes. The Pakistan Association of Large Steel Producers (PALSP) has written to authorities stating that the National Electric Power Regulatory Authority (NEPRA)’s decision to hike energy rates by PKR 11.10/unit ($0.05) has impacted the steel sector. The recent hikes have …
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