ISLAMABAD-Pakistan can develop into one of many largest exporters of merchandise made out of iron powder if the nation devises a coverage to encourage worth addition domestically.
The initiative will assist the nation earn helpful international trade and generate employment.
Highlighting the significance of utilizing iron powder to fabricate quite a lot of high quality export merchandise, Prof Nisar Muhammad Khan Khattak from the College of Engineering and Expertise, Peshawar, mentioned Pakistan has a number of potential to provide the plain iron powder and totally different value-added merchandise. He mentioned it didn’t value a lot to place in place an iron powder worth addition plant, however the authorities’s assist was wanted to take action.
He mentioned naturally, iron is discovered within the type of ore, stones, and after purification, it may be become powder in a number of grades/meshes by grinding.
Nisar Khattak mentioned regardless of having plentiful iron deposits, Pakistan imported quite a lot of iron merchandise at the price of valuable international trade.
Iron powder is produced in a large number of grades as a result of totally different grain, purity, or density is required to fabricate totally different supplies and merchandise. Excessive-purity water-atomised iron powder (inexperienced energy powder) is required to provide magnetic paints, printing inks, and specified machine elements with robust elements. Iron powder is usually positioned into drum brake lining, creating the required friction in numerous functions, brake pads in automobiles, plane and trains. It is usually used to provide the sintered elements; within the manufacturing of sentimental magnetic composites; in brazing and welding; thermal floor coating; printing, dyes, chemical functions, paints, oil filtration, steel clays, and many others. As a filler, it helps enhance the sturdiness and efficiency of devices by disintegrating the generated warmth.
Taking 2020 as the bottom yr when the iron powder market (IPM) was price $5.58 billion, the worldwide IPM is projected to succeed in $8.30 billion by the yr 2028 at a compound annual progress fee (CAGR) of 5.2%. In 2020, Pakistan was the 73rd largest iron powder exporter, and iron powder was the 902nd most exported product price $294 million.
The most important importers of iron powder from Pakistan have been China, Saudi Arabia, and the UAE. Throughout the identical yr, Pakistan additionally was the 58th largest importer of iron powder, which was the 807th largely imported merchandise largely from China, Belarus, and Brazil price $477 million.
Speaking to WealthPK, Wazir Muhammad, a former director normal mines, KP, and mineral processing engineer, mentioned, “Iron viability of over 60% is suitable for industrial use, which is gotten by melting.” He mentioned Pakistan has potential to provide iron powder-made merchandise, as all the blending supplies, together with iron powder, can be found domestically.
Faizanul Haq Mirza, a mechanical engineer and metallurgist, and likewise a member of the Surgical Committee of Sialkot Chamber of Commerce and Trade, instructed WealthPK that iron powder is used within the powder metallurgy course of. “Sialkot’s surgical business has to import iron powder to be used in manufacture of various merchandise as it isn’t produced in sizeable amount in Pakistan.”
He mentioned particular equipment and specially-designed set-ups have been wanted to provide iron powder merchandise. He mentioned just a few value-added manufacturing items have been put in in Gujranwala Software and Dye Manufacturing Centre, however the authorities continued importing iron powder, which discouraged the native producers, forcing them to cease manufacturing.
Mirza mentioned although iron powder-based die cavity-manufacturing was not difficult to launch, the preliminary funding was excessive. He mentioned that the federal government ought to incentivise the manufacturing of iron powder-based merchandise domestically to chop again on their imports.
