Business

ISLAMABAD (Web Desk) – The country produces six million metric tons of steel per year, pointed out a latest report of State Bank of Pakistan (SBP).

It includes raw products iron ore and scraps, flat products sheets and plates, used in the automotive sector and long products (steel bars wire rods, rails and structures used in infrastructure development and tubes and pipes).

However, per-capita steel consumption in Pakistan is very low at 23.5 kilograms, against 58.6 kilograms in India, as well as the Asian average of 261.3 kilograms and the global average of 216.9 kilograms, the report added.