Steel Rate in Pakistan Today – (July 23, 2024)
Steel is the backbone of Pakistan’s construction industry, used in everything from buildings and bridges to homes and factories. Understanding current steel prices is crucial for anyone involved in construction projects. This article provides a comprehensive overview of steel prices in Pakistan, including factors that affect them and how to make informed buying decisions.
Types of Steel Products in Pakistan
There are various types of steel products available, but the most common in Pakistan include:
- Saria (deformed bars): These ribbed bars come in different grades (40 and 60) and thicknesses (diameters). Grade 60 steel offers superior strength compared to Grade 40. Thickness is measured in millimeters (mm), with common sizes ranging from 10mm to 25mm.
- TMT bars (thermo-mechanically treated bars): A specific type of saria that undergoes a special treatment process, resulting in increased strength and ductility compared to regular saria.
Today’s Prices for Grade 40 and Grade 60 Steel
| Steel Rod Size in Sutar/mm | Grade 40 Rate/KG | Grade 40 Rate/Metric Ton | Grade 60 Rate/KG | Grade 60 Rate/Metric Ton |
| 3 Sutar / 10mm | RS. 251/KG | RS. 251,000/Metric Ton | RS. 253/KG | RS. 253,000/Metric Ton |
| 4 Sutar / 12mm | RS. 249/KG | RS. 249,000/Metric Ton | RS. 251/KG | RS. 251,000/Metric Ton |
| 5 Sutar / 16mm | RS. 249/KG | RS. 249,000/Metric Ton | RS. 251/KG | RS. 251,000/Metric Ton |
| 6 Sutar / 20mm | RS. 249/KG | RS. 249,000/Metric Ton | RS. 251/KG | RS. 251,000/Metric Ton |
| 7 Sutar / 22mm | RS. 249/KG | RS. 249,000/Metric Ton | RS. 252/KG | RS. 252,000/Metric Ton |
| 8 Sutar / 25mm | RS. 249/KG | RS. 249,000/Metric Ton | RS. 252/KG | RS. 252,000/Metric Ton |
Current Prices of Branded Steel in Pakistan
| Brand Name | Grade 40 Rate/KG | Grade 40 Rate/Metric Ton | Grade 60 Rate/KG | Grade 60 Rate/Metric Ton |
| Amreli Steels | RS. 259/KG | RS. 259,000/Metric Ton | RS. 261/KG | RS. 261,000/Metric Ton |
| Mughal Steel | RS. 257/KG | RS. 257,000/Metric Ton | RS. 259/KG | RS. 259,000/Metric Ton |
| Agha Steel | RS. 255/KG | RS. 255,000/Metric Ton | RS. 257/KG | RS. 257,000/Metric Ton |
| AF Steel | RS. 253/KG | RS. 253,000/Metric Ton | RS. 255/KG | RS. 255,000/Metric Ton |
| Moiz Steel | RS. 255/KG | RS. 255,000/Metric Ton | RS. 257/KG | RS. 257,000/Metric Ton |
| Union Steel | RS. 255/KG | RS. 255,000/Metric Ton | RS. 257/KG | RS. 257,000/Metric Ton |
| Naveena Steel | RS. 254/KG | RS. 254,000/Metric Ton | RS. 256/KG | RS. 256,000/Metric Ton |
Citywise Steel Rate in Pakistan
| City | Rate/KG | Rate/Metric Ton |
| Karachi | RS. 236/KG | RS. 236,000/Metric Ton |
| Lahore | RS. 232/KG | RS. 232,000/Metric Ton |
| Islamabad | RS. 234/KG | RS. 234,000/Metric Ton |
| Faisalabad | RS. 231/KG | RS. 231,000/Metric Ton |
| Peshawar | RS. 229/KG | RS. 229,000/Metric Ton |
| Gujranwala | RS. 230/KG | RS. 230,000/Metric Ton |
| Quetta | RS. 236/KG | RS. 236,000/Metric Ton |
| Multan | RS. 229/KG | RS. 229,000/Metric Ton |
Factors Affecting Steel Prices
Several factors influence steel prices in Pakistan:
- Global steel market trends: International steel prices significantly impact domestic prices.
- Raw material availability: The cost of iron ore and other raw materials used in steel production affects the final price.
- Government policies: Taxes, import duties, and other government regulations can influence steel prices.
- Exchange rates: Fluctuations in the Pakistani Rupee (PKR) against other currencies, particularly the US Dollar (USD), can impact import costs and steel prices.
Branded vs. Non-Branded Steel
Branded steel comes from established manufacturers with reputations for quality and consistency. Non-branded steel may be cheaper but could be of varying quality. Consider these factors when choosing:
- Project requirements: For critical structural applications, branded steel with guaranteed quality is recommended.
- Budget: Non-branded steel might be suitable for non-structural uses if budget is a major concern.
Conclusion
Understanding steel prices and the factors affecting them is crucial for making informed decisions in construction projects. Regularly consult reliable sources for the latest price updates. Remember, choosing the right steel type and grade depends on your specific project needs and budget.