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Benchmark bar price: FBR raises minimum value of iron, steel scrap supply to 60pc

ISLAMABAD: The Federal Board of Revenue (FBR) has increased the minimum value of supply of specified remeltable iron and steel scrap from 55 percent to 60 percent of the benchmark value of steel bars, revising the valuation mechanism for supplies to registered steel melters. Through SRO. 2086(I)/2026, the FBR amended its earlier notification S.R.O. 1829(I)/2026, issued on October 15, 2026, which…

First reported by Business Recorder 1 source
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  1. Business Recorder

    Benchmark bar price: FBR raises minimum value of iron, steel scrap supply to 60pc (opens Business Recorder in a new tab)

    ISLAMABAD: The Federal Board of Revenue (FBR) has increased the minimum value of supply of specified remeltable iron and steel scrap from 55 percent to 60 percent of the benchmark value of steel bars, revising the valuation mechanism for supplies to…

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