According to data from the Pakistan Federal Bureau of Statistics (PFBS), Pakistan imported approximately 304,000 tons of scrap in May, a 4% increase compared to the previous month and a 20% growth from the same month last year.

During this period, steel product imports totaled around 344,000 tons, falling by 7.2% month on month while increasing by 23% year on year.

The value of Pakistan's scrap imports reached about US$152 million in May, a 1.3% month-on-month increase and a 34% hike from the same month of the previous year. Meanwhile, the value of steel product imports amounted to roughly US$220 million, hiking by 6.4% month on month and by 13% year on year.