News and Market Updates

2-2-2023

Furnaces of FATA are closed!*
As you know, FBR gave sales tax exemption on the bala that was made in Fata Pata on the condition that they use the bala only within the limits of Fata Pata.
But it was seen that it was being sold outside Balafata.
So when FBR asked him about the above sales, he could not give any effective answer for six months.
Consequently, their power supply has been suspended indefinitely at the strong insistence of IOMF and FBR.
According to an estimate, the Bala rate is now likely to increase and as a result, the Surya rate is also likely to increase
Due to the closure of FATA furnaces, the scrap market will be abundant and the scrap rate is likely to come down.
Thanks,

 

Master Metals Trading

 

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