Pakistan's scrap imports increased

However, this figure marked a significant increase of 38% compared to December 2022.

During the same period, the import of steel products decreased by 32% monthly, amounting to 206,000 tons, with a 3% decline on a yearly basis.

The value derived from Pakistan's scrap imports in December experienced a monthly decrease of 5.6%, settling around 107 million US dollars, but witnessed a yearly increase of 6.7%. On the other hand, the value of Pakistan's steel product imports showed a monthly decrease of 17%, totaling 147 million US dollars, and a yearly decline of 28%.