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Pakistan’s iron and steel imports up 18 percent in April

Friday, 25 May 2012 16:47:54 (GMT+2)   -  

Tags: scrap , raw mat , Pakistan , Indian Subcon , imp/exp statistics , steelmaking , South Asia | similar articles » SteelOrbis News

Pakistan's iron and steel scrap imports amounted to 105,346 mt in April this year, decreasing 0.3 percent compared to March and down 21.8 percent year on year, according to data released by the Pakistan Federal Bureau of Statistics (PFBS). The value of the iron and steel scrap imports was $33.7 million in April, falling 6.2 percent compared to March this year and down 15.7 percent compared to the same month of 2011.

Pakistan's scrap imports in the July 2011-April 2012 period amounted to 1.3 million mt, remaining stable compared to the same period one year earlier. In the period in question, the value of Pakistan's iron and steel scrap imports was $446.8 million, rising 5.4 percent year on year.

Meanwhile, Pakistan's iron and steel imports in April amounted to 164,116 mt, increasing by 18 percent on year-on-year basis and up 48.15 percent compared to the previous month. The country's iron and steel imports in the July 2011-April 2012 period totaled 1.4 million mt, increasing by 3.6 percent year on year. In the period in question, the value of Pakistan's iron and steel imports was $1.1 billion, rising 12.6 percent year on year.

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