KARACHI - The sale of mild steel has decreased up to 50 per cent in the last three months as the construction industry is facing hard times, The Nation has learnt. It was leant that the selling price of mild steel, which reached up to Rs 80,000 per metric ton last year, had now decreased to 45,000 per metric ton. It is expected that prices would further decrease in future as construction industry in the country is facing hard times on the back of volatile law and order situation in the country. It is expected that more ship-breaking will also affect the sale of mild steel as two PNSC ships are anchored for breaking. The items of mild steel are angel, column and channel which are used in different industries for making shades, canopies, CNG stations and other things. On the other hand, the dealers of primary material wish for more decrease in prices as, they said, lower the taxes, cheaper the prices, resultantly, there will be more sale. The dealers are of the view that primary material, which is made to order, is assessed on LME while the secondary material, which is access production, is assessed in IIP and the valuation difference is 10 to 15pc while it should be around 35 to 40pc. The galvanised primary material import is assessed at the rate of $600 with 10pc duty and secondary material is assessed at the rate of $583 with 20pc duty irrespective of its capacity. The price of primary material has increased to Rs125,000 per metric ton from Rs78,000 per metric ton; an increase of 15 per cent. It is pertinent to note that in the name of duties adjust, China has extended rebates while Pakistan Government so far had not adjust them accordingly. There are four different slabs and duties on secondary materials as mild steel has 20pc duty, primary material 10pc while silicon or cobble blade has 5pc duty. Such discrepancy in duties leads the manufacturers to misdeclaration. Thus, the uniformity and adjustment in duties should be allowed to control misdeclaration by the manufacturers. Pakistan Steel Mills does not suffice to the need as its production capacity is one million ton including 0.4 million ton flat products while Pakistans demand is 1.8 to 2.0 million ton.