Steel Price in Pakistan 2024 Today | Steel Rate Updated List

Steel Price in Pakistan vary from city to city within each province due to various factors such as production costs. While many cities have similar prices, there are slight variations. These differences are acceptable. A responsible customer considers factors affecting steel prices, and saving time by discussing steel rates and influencing factors here.

As the global population expands, there’s a significant increase in the demand for steel in construction. Steel, a crucial metal in Pakistan’s construction, serves various functions in building, engineering, and manufacturing. The price of Steel in Pakistan would rise due to the many factors that affect market prices, including the construction, infrastructure, and industrial sectors.

Steel Rate Price in Pakistan

Steel Price in Pakistan Today 2024

Per KG Rate Steel Rate

Steel Size (Sutar or mm) Grade 40 Rate (Rs.) Grade 60 Rate (Rs.)
3 sutar – 10mm Rs. 252 Rs. 253
4 sutar – 12mm Rs. 249 Rs. 251
5 sutar – 16mm Rs. 249 Rs. 251
6 sutar – 20mm Rs. 249 Rs. 251
7 sutar – 22mm Rs. 249 Rs. 252
8 sutar – 25mm Rs. 249 Rs. 252

Per TON Rate

Steel Size (Sutar or mm) Grade 40 Rate (Rs.) Grade 60 Rate (Rs.)
3 sutar – 10mm Rs. 252,000 Rs. 253,000
4 sutar – 12mm Rs. 249,000 Rs. 251,000
5 sutar – 16mm Rs. 249,000 Rs. 251,000
6 sutar – 20mm Rs. 249,000 Rs. 251,000
7 sutar – 22mm Rs. 249,000 Rs. 252,000
8 sutar – 25mm Rs. 249,000 Rs. 252,000

Note: The listed prices represent popular steel brands in Pakistan. Our role is to inform, not sell steel, advising customers to purchase in the market for potential savings. May rates vary by location, especially among cities in Punjab, Sindh, KPK, and Balochistan, and the compilation includes rates from major steel brands in prominent cities.

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Major Steel Companies in Pakistan

Various Steel iron rod manufacturing mills are working in different cities of  Pakistan.

  • Aisha Steel
  • Amreli Steels
  • Ammaan Steels
  • A.F. Steel
  • Agha Steel
  • Chenab Steel
  • F.F. Steels
  • Ittefaq Steel
  • Ittehad Steel
  • Maqsood Steel
  • Mughal Steel
  • Safa Steel

Factors that Affect the Price of Steel in Pakistan

  1. Raw Material Costs: Iron ore, coal, and alloy prices directly impact production costs, influencing the overall pricing of steel. Global market fluctuations and supply chain dynamics can lead to variations in raw material costs, affecting steel prices in Pakistan.
  2. Global Market Trends: International steel prices and the global supply-demand balance significantly impact local steel pricing. Global economic conditions, trade policies, and geopolitical events can cause fluctuations in the worldwide steel market, influencing prices in Pakistan.
  3. Domestic Demand: The level of demand for steel within Pakistan, especially in sectors like construction and infrastructure, directly affects prices. High demand can lead to increased competition for resources and higher prices, while a decrease in demand may lead to a drop in steel prices.
  4. Infrastructure Development: Large-scale infrastructure projects contribute to a surge in steel demand, influencing its price. Government investments in infrastructure can lead to higher steel consumption, affecting market dynamics and pricing.
  5. Market Competition: The level of competition among steel producers within Pakistan influences pricing strategies. Intense competition can lead to pricing adjustments as producers strive to maintain or gain market share, impacting overall steel prices in the country.
  6. Government Policies: Government regulations, trade policies, and tariffs can impact the steel industry and its pricing.

Conclusion:

In 2024, Pakistan expects a surge in steel demand due to ongoing national initiatives and infrastructure development. This has led to a price increase, projected to remain stable. To make steel more affordable, the government is reducing import taxes, duties, and tariffs. Pakistan also aims to expand its steel exports to join the global steel boom.

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FAQs

  • How many steel mills are in Pakistan?

Over time, a lot of steel mills are working in Pakistan, these mills are producing large amounts of steel for Pakistan’s desire. Now in Pakistan, almost 600 small and big steel mills are working.

  • Factors Affecting Steel Price in Pakistan?

The cost of raw materials, government policies, labor and transportation prices, and currency exchange rates can affect the prices of steel.

  • Difference b/w 40 and 60 Grade Steel?

The strength of  40-grade steel is 40,000 pounds per square inch (PSI)  while the strength of 60-grade steel is 60,000 PSI.

  • What is steel?

Steel is a widely used alloy composed mainly of iron and carbon, along with other elements. It is renowned for its strength, durability, and resistance to corrosion, making it a versatile material employed in various applications worldwide.

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