With the increase in activity at the Gaddani shipyard, the number of people employed there has raised to 12,000, said Engineering Development Board reported (EDB) report quoting Pakistan Ship Breaking Association.
The shipbreaking activity at Gaddani Shipyard has broken last 12 years recorded with more than 50 big ships being hammered currently, report added.
It said that 95 percent of the old scrap is recycled and reused, adding that the shipyard industry meets country's demand for steel, steel-related products and non-ferrous products and machinery.
Pakistan Steel Mills has not been working on its full capacity and cannot fulfill the country's requirements, so iron and steel obtained from the shipbreaking helps meet the demand, report said.
Karachi Iron and Steel Merchants Association said that currently Gaddani shipbreaking is making most of the requirement of re-rolling mills.
About 20 percent requirement is fulfilled by imports from Ukraine , Turkey and former Soviet countries and by Pakistan
But material supplied by shipbreakers is much cheaper than that sold by Pakistan
Copyright APP (Associated Press of Pakistan
Source: Business Recorder. 27 July 2011
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