Pakistan’s scrap imports decline in Dec m-o-m, y-o-y
6 Feb 2023 16:53 reported by Joy Liu
According to the data released by the Pakistan Federal Bureau of Statistics (PFBS), Pakistan imported around 192,000 tons of scrap in December last year, falling by nearly 9% compared to the previous month and plummeting by 55% from the same month a year ago.
During the period, the import value totaled roughly US$101 million, a month-on-month drop of 9.3% and a year-on-year reduction of 60%.
In the first half of 2022, Pakistan imported around 1.2 million tons of scrap, dropping by 41.2% compared to the year-ago level.
The country’s scrap import volume was expected to decline further in January owing to the current issue of financing delays.
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