This figure represents a decline of 7.6% compared to the previous month but reflects a notable increase of 12% compared to the same month last year. Despite the month-on-month decline in scrap imports, the year-on-year increase suggests a steady demand for scrap materials in Pakistan's steel industry.
In the same period, imports of steel products totaled around 216,000 tons, marking a significant month-on-month increase of 16% but a slight year-on-year decrease of 4.6%.
The value of Pakistan's scrap imports in January reached approximately US$100 million, showing a month-on-month decrease of 7% and a year-on-year decline of 11%. Conversely, the import value of steel products amounted to US$156 million, indicating a substantial month-on-month decrease of 28% but a modest year-on-year increase of 6%.
The contrasting trends in import values for scrap and steel products underscore fluctuations in market dynamics and pricing pressures within Pakistan's steel industry, influenced by both domestic and global factors.
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