ISLAMABAD: The government has been asked to amend the Statutory Regulatory Order (SRO) 18(I)/2015 pertaining to 15 per cent regulatory duty on imported steel billets.
The Competition Commission of Pakistan (CCP) said that the existing regulatory duty structure raises the prices of imported steel billets which impacts only the non-integrated re-rolling mills and forces the latter to purchase billets from the integrated players.
In the steel industry there are large-scale integrated steel manufacturing units that produce their own steel billets and convert them into steel bars, and the non-integrated re-rolling mills that rely on the local and imported steel billets to make the steel bars.
