Pakistan’s per capita consumption of steel is very low compared to the global average indicating huge potential for growth and thereby investment.

In 2009, the per capita steel consumption in Pakistan was 35 kilogram compared to 384 kilogram in China, 225 kilogram in Saudi Arabia, 123 kilogram in Egypt, 228 kilogram in Iran, 432 kilogram in Kuwait and 985 kilogram in Qatar.

An official in the Engineering Development Board said that most of the countries have per capita consumption of around 175 kilogram of steel every year while Pakistanis consume only 38 kilogram or just 21.7% of the global average.

The official said that a very modest increase in per capita steel consumption would increase steel requirement manifold hence providing a great opportunity to investors to invest in this sector for good returns.

(Sourced from www.Dailytimes.com)