PAKISTAN STEEL EXECUTIVE HIGHLIGHTS CONCERN ABOUT STEEL MELTING SECTOR
April 14th, 2014
Pakistan’s steel billet-based shape production sector is in poor shape and reeling from competition posed by the country’s strong ship-breaking sector, a senior executive has told Steel First. Noting the repeated suspension of production of melting units using steel billets in the past year, Abbas Akberali, CEO of Amreli Steels Limited, which accounts for 10% to 12% of Pakistan’s steel bar production said: “The primary threat to the nation’s steel melting industry are the tax anomalies between the ship breaking and steel melting sector, which allows the ...
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