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Sunday, March 16, 2025  
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Regulatory duty on raw iron, steel imports extended until March 31

FBR set 10% regulatory duty on raw iron in January
Media tour to Baoshan Iron & Steel in Shanghai
A view of the production line at a hot rolling plant during a government-organised media tour to Baoshan Iron & Steel Co., Ltd. (Baosteel), a subsidiary of China Baowu Steel Group, in Shanghai, China September 16, 2022. Reuters
Media tour to Baoshan Iron & Steel in Shanghai A view of the production line at a hot rolling plant during a government-organised media tour to Baoshan Iron & Steel Co., Ltd. (Baosteel), a subsidiary of China Baowu Steel Group, in Shanghai, China September 16, 2022. Reuters

The regulatory duty on importing raw iron and steel has been extended until March 31, as announced by the Federal Board of Revenue (FBR).

Importers indicate that prices have surged by Rs11,000 per ton since January, attributed to this duty.

The FBR has set a 10% regulatory duty on raw iron and a 5% duty on steel products.

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Traders now report that the cost of raw iron and steel has climbed to Rs262,000 per ton.

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FBR

iron

Federal Board of Revenue

steel