The Competition Commission of Pakistan (CCP) has issued show-cause notices to International Steel Limited (ISL) and Aisha Steel Mills Limited (ASML) for alleged cartelisation in the flat steel market.

An inquiry conducted by the commission found prima facie evidence suggesting that the two leading producers engaged in price-fixing, coordinated price changes, and exchanged commercially sensitive ...

and cold-rolled coils and strips (CRC). However, between 2022 and 2024, while finished steel imports from China increased 2.4-fold, imports of HRC jumped 28-fold. Notably, HRC is used as feed ...