Mr Khurram Javaid is chief executive officer and director at Mughal Iron & Steel Industries Ltd, one of Pakistan’s largest steel producers at 1.1 million tonnes (mt) and also one of the largest steel scrap importers.

Mr Khurram Javaid is chief executive officer and director at Mughal Iron & Steel Industries Ltd, one of Pakistan’s largest steel producers at 1.1 million tonnes (mt) and also one of the largest steel scrap importers.
The global share of scrap in metallics consumption has been declining in recent years, driven largely by China’s growing role in the steel industry. As a developing economy, China has had limited amounts of obsolete (or postconsumer) scrap to use as a
Indian owners of old cars and white goods will soon have a choice of selling these junked items to registered scrap dealers at predetermined prices, once the Metal Recycling Policy comes into place The Metal Recycling Policy is jointly prepared by Ministry of Steel and Niti Aayog, which comes under Central government. They have already met various stakeholders and policy is likely to be finalized over the next few months.
Pakistan’s steel output grew 23 percent to 3.6 million tons in 2016, the biggest gain among 40 nations, according to the World Steel Association amid strong infrastructural growth.
Steel scrap is gaining importance in Chinese market and this could be a concern for the industry. There are two reasons why supply of scrap is expected to increase :