Saudi Backed Tuwairqi Steel Mills Set for Revival

Pakistan's ECC approved gas supply to revive a long-idle DRI steel project, creating a concrete commercial mechanism: gas input allocation for steel production. The mechanism is weak because gas supply is contingent on availability and national priorities, and the project has a history of delays. Impact is country-specific (Pakistan) with potential to reduce steel imports and utilize domestic gas. No immediate price or margin impact is evident; the channel is regulatory (gas allocation policy) and capex_cycle (revival of idle capacity).