Pakistan imported a record 381,991 tonnes of steel scrap imports in October, surpassing September’s 366,610 tonnes. The increase reflects growing demand for steel bars used in housing and infrastructure projects. Analysts said it also indicates revival of delayed high-rise construction work. The surge highlights stronger construction activity and rising industrial demand. The steel scrap imports trend is a positive sign for the sector.
Data from the Pakistan Bureau of Statistics showed that during the first four months of FY26, imports reached 1.299 million tonnes worth $680 million. This is up from 819,650 tonnes ($664 million) in the same period last year. The quantity surged 58.5 percent, while the value rose 2.4 percent. However, the average per-tonne price fell from $810 to $523.
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Syed Wajid Bukhari, Secretary General of the Pakistan Association of Large Steel Producers, said demand for steel bars has increased due to construction improvements. He emphasised that the surge is from actual market demand, not just lower global scrap prices. Bukhari welcomed government initiatives to revive construction, including the upcoming Apna Ghar Apna Ashiana housing scheme.
The drop in international scrap prices has reduced local steel bar costs. Government minimums set prices at Rs242,000 per tonne, but market rates are currently Rs220,000 per tonne. Builders and developers said the lower prices are helping restart projects. Cement despatches rose 18 percent from July to October FY26, further showing growth in post-monsoon construction.
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The record steel scrap imports suggest steady recovery in Pakistan’s construction sector. Analysts said it could strengthen housing and infrastructure development in coming months. Market observers expect continued demand as flood-related disruptions ease. Both steel and cement trends point to broader industrial revival in the country.