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Business & Finance

Pakistan’s steel scrap imports hit highest level since November 2021 as construction rebounds

  • Rise reflects strengthening and improvement in construction activity, says Topline
Published November 29, 2025 Updated November 29, 2025 01:57pm

Pakistan’s iron and steel scrap imports have surged to their highest level since November 2021, indicating renewed momentum in its construction and steel industries.

According to data provided by Topline Securities on Saturday, Pakistan’s iron and steel scrap imports have continued their strong upward momentum, rising to 381,991 metric tons in October 2025. “The highest level since the all-time peak of 464,415 metric tons in November 2021.”

“The sustained rise reflects strengthening and improvement in construction activity,” said Topline.

Industry observers note that this rebound reflects improving sentiment in the real economy, supported by public-sector development works and a gradual recovery in private-sector construction.

Pakistan’s Large-Scale Manufacturing (LSM) sector showed signs of recovery as it registered a growth of 4.08% in the first quarter of the financial year 2025-26. The LSM output increased by 2.69% in September 2025 as compared to the output in September last year.

Days ago, the President of the Scrap Importers Association, Haji Muhammad Ayoob, along with other office-bearers, strongly rejected the allegations of the steel industry levelled against scrap importers bringing material from Iran via land routes, terming them “baseless, fabricated and a conspiracy against the rerolling industry.”

In a statement issued here on Wednesday, the Scrap Importers Association urged Prime Minister Shehbaz Sharif, the judiciary, NAB and FIA to take notice of what they described as malicious campaigns aimed at undermining legal land-route trade from Balochistan through misinformation and vested interests.

Comments

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J Dec 01, 2025 07:16am
Growth only in Construction business with no checks & controls on corruption is deleterious for economic growth of the country. First grow in industrial sector, more exports than imports, oil & etc.
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