Old Russian Tanks Fuel Pakistan Steel Industry Boom

Situated in the heart of Pakistan’s second largest city, the market is essentially a raw material supply source for the country’s expanding steel industry. The boom in the steel industry is part of Pakistan’s overall economic growth which is expected to touch seven per cent during the current fiscal year. Pakistan has around 85 steel manufacturing units spread all over the country, with around 45 in Punjab which are fed by the Lahore scrap market. The country as a whole produced more than four million tonnes of steel last year, with the demand for this year …