Steel Rates in Pakistan, Updated Rates for May 2024

Steel is one of the most significant materials for the construction and industrial sectors in Pakistan. It is used for building bridges, dams, roads, railways, power plants, factories, and many other structures. Steel is also essential for making tools, machines, vehicles, appliances, and weapons.

Current Steel Rates in Pakistan May 2024

Steel is categorized into various grades based on its chemical and mechanical properties and manufacturing process. The most common grades of steel used in Pakistan are grade 40 and grade 60, also known as deformed steel bars or saria. These grades have high tensile strength and flexibility, which make them suitable for reinforcing concrete structures.

The main purpose of this article is to provide you with the latest steel rates in Pakistan for grades 40 and 60. You will also learn and understand the factors in detail that affect the steel rates in Pakistan, such as demand and supply, international market, taxes, etc. You will also get an overview of the historical and current trends of the steel rates in Pakistan and how they impact the economy, the construction sector, and the consumers. 

Despite economic fluctuations in Pakistan, steel rates will remain consistent in 2024. Below is the collected data for the Pakistan Steel Rate list:

Karachi  Steel Rates in Pakistan 2024

Amreli Steels Limited 

Amreli Steels Limited, a Private Company based in Karachi a leading name in Pakistan’s steel industry, is a testament to excellence, innovation, and unwavering commitment to quality. With its headquarters in Karachi, Amreli Steels has been at the forefront of the nation’s infrastructural development and economic growth since its inception. 

Amreli Steel Rates in Pakistan
Brand Name 40 Grade Rate in KG 40 Grade Rate in Metric Ton 60 Grade Rate in KG 60 Grade Rate in Metric Ton
Amreli Steels RS. 259 Per KG RS. 259,000 Per Metric Ton RS. 261 Per KG RS. 261,000 Per Metric Ton

Naveena Steel Limited

Naveena Steel Limited is a well-known name in Pakistan’s steel industry, recognized for its high-quality steel products and innovative manufacturing techniques. The company has state-of-the-art facilities and is dedicated to excellence, serving a wide range of construction and industrial needs. Naveena Steel Limited continues to set industry standards with its dedication to viability and customer satisfaction.

Naveena Steel Rates in Pakistan
Brand Name 40 Grade Rate in KG 40 Grade Rate in Metric Ton 60 Grade Rate in KG 60 Grade Rate in Metric Ton
Naveena Steel Limited RS. 254 RS. 254,000  RS. 256   RS. 256,000

Agha Steel Mills Limited 

Agha Steel Mills Limited is a dynamic force in the steel industry, renowned for its commitment to innovation, quality, and sustainability. With cutting-edge technology and a skilled workforce, they produce high-grade steel products that empower construction and infrastructure projects across the nation. 

Steel Rates in Pakistan 2024
Brand Name 40 Grade Rate in KG 40 Grade Rate in Metric Ton 60 Grade Rate in KG 60 Grade Rate in Metric Ton
Agha Steel Mills Limited RS. 255 RS. 255,000  RS. 257  RS. 257,000

Union Steel 

Union Steel, a prominent private company headquartered in Karachi, is known for its steadfast commitment to excellence in the steel industry. The company’s dedication to innovation and reliability has earned Union Steel a reputation as a trusted partner in advancing progress and development within Pakistan’s construction and infrastructure sectors.

Union Steel Rates in Pakistan 2024
Brand Name 40 Grade Rate in KG 40 Grade Rate in Metric Ton 60 Grade Rate in KG 60 Grade Rate in Metric Ton
Union Steel RS. 255  RS. 255,000 RS. 257 RS. 257,000 

Lahore Steel Rates in Pakistan 2024

Kamran Steel Mills 

Kamran Steel Mills, a distinguished private firm headquartered in Peshawar, boasts manufacturing facilities in Lahore. Famous for its commitment to quality and invention, it plays a pivotal role in driving progress within Pakistan’s steel industry.

Kamran Steel Rates in Pakistan 2024
Brand Name 40 Grade Rate in KG 40 Grade Rate in Metric Ton 60 Grade Rate in KG 60 Grade Rate in Metric Ton
Model Steel Mills RS. 260 RS. 260,000 RS. 262 RS. 262,000

Mughal Steel 

Mughal Steel, a respected private firm headquartered in Lahore, sets industry standards with its quality products. Known for competitive rates and manufacturing excellence, it continues to succeed as a cornerstone of the steel sector, particularly in Lahore and mughal steel rate in lahore is 257-259. 

Mughal Steel Rates in Pakistan 2024
Brand Name 40 Grade Rate in KG 40 Grade Rate in Metric Ton 60 Grade Rate in KG 60 Grade Rate in Metric Ton
Mughal Steel  RS. 257  RS. 257,000  RS. 259 RS. 259,000 

AF Steel Mill (Pvt) Ltd  

AF Steel Mill (Pvt) Ltd, a leading private firm headquartered in Lahore, stands as a hallmark of quality and innovation in the steel industry. Renowned for its promise to quality and client contentment, AF Steel Mill (Pvt) Ltd continues to drive progress and development within the steel sector. 

AF Steel Rates in Pakistan 2024
Brand Name 40 Grade Rate in KG 40 Grade Rate in Metric Ton 60 Grade Rate in KG 60 Grade Rate in Metric Ton
AF Steel Mill (Pvt) Ltd  RS. 253 RS. 253,000  RS. 255 RS. 255,000 

Islamabad Steel Rates in Pakistan

Ittehad Steel 

Ittehad Steel stands among the largest private steel manufacturers in Pakistan with a capacity of 500,000 MTA. Their manufacturing plants in Islamabad and Faisalabad produce high-quality rebar that meets international standards. The Capital Steel Islamabad rates are usually consistent but following is a detailed steel rates list. 

Ittehad Steel Rates in Pakistan 2024
Brand Name 40 Grade Rate in KG 40 Grade Rate in Metric Ton 60 Grade Rate in KG 60 Grade Rate in Metric Ton
Ittehad Steel  RS. 263  RS. 263,000 RS. 265 RS. 265000

ZAK Steel (Pvt) Ltd 

ZAK Steel (Pvt) Ltd is one of the largest steel producers in Rawat, Islamabad, since the year 2000. The company is renowned in the Steel Bars manufacturing industry and believes in continuous modernization, innovation, and manufacturing of quality steel bars. This has enabled us to maintain a production capacity of more than 150,000 metric tons per annum on their fully automatic state-of-the-art plant with complete European machinery, meeting International Standards.

ZAK Steel Rates in Pakistan 2024
Brand Name 40 Grade Rate in KG 40 Grade Rate in Metric Ton 60 Grade Rate in KG 60 Grade Rate in Metric Ton
ZAK Steel (Pvt) Ltd  RS. 257 RS. 257,000   RS. 263 RS. 263,000

Note: All prices mentioned above are updated Steel Rates in Pakistan-May 2024, However, prices may vary, So, Sky Marketing suggests readers to thoroughly research from respective sites for any changes or updates.

What Factors Determine the Steel Rates in Pakistan?

Factors that Determine Steel Rates in Pakistan Several factors influence steel rates in every city of Pakistan. Some of these factors are: 

  • Global steel cost
  • Supply and demand 
  • Steel availability
  • Government policies 
  • Natural disasters and supply distribution

Global Steel Cost

Pakistan’s steel price is influenced by the significant amount of steel imports. Hence, any abrupt change in the global market price can impact the steel rates.

Supply and Demand

The price of steel has remained consistent in recent months due to steady demand, influenced by the booming expansion of the building industry and other infrastructure initiatives. Stable demand keeps the prices steady, but any unexpected increase may strain the supply system.

Steel Availability

While the government is working to assist the public and companies and develop more favorable policies, some policies may have a negative impact on the market and contribute to the increase in steel prices.

Government Policies

Any natural disaster that limits steel supply will affect pricing, leading to manufacturing delays, transportation issues, and more.

Natural Calamities and Supply Disruptions

Any natural disaster affecting steel supply will impact pricing and cause manufacturing and transportation delays.

Prospective Trends Outlook for Steel Rates in Pakistan

Although the current steel rate is stable, it is important to consider key points for future market trends.

  • Economic and market conditions 
  • International trends 
  • Government steel strategies

Economic and Market Conditions 

The stability of steel rates depends on the performance of the construction sector and Pakistan’s overall economic health. As long as Pakistan’s demand remains stable, steel rates will remain unchanged.

International Trends

Significant global market changes may impact steel prices, but these can be predicted by monitoring and forecasting the trends.

Government Steel Strategies

Changes in the steel regulatory environment may impact the import of steel. Government policies could significantly influence steel prices in the future.

How to Inspect Steel/Saria Quality?

Ensuring the quality of steel is crucial before finalizing any transaction. In Pakistan, there are several methods to assess steel quality:

  • Verify the grade of the steel.
  • Authenticate the original slips.
  • Validate the certification details.
  • Inspect the visual appearance of the steel.
  • Purchase steel from reputable companies and trustworthy buyers.

Preventive Actions To Take for Steel in Pakistan

Workers dealing with steel must adhere to precautionary measures when handling steel:

  • Utilize specialized helmets to ensure personal defense during steel-related tasks.
  • Wear sturdy footwear with hard soles to provide adequate protection.
  • Employ safety gloves to safeguard hands against potential harm while working with steel.
  • Exercise caution and handle steel rods with care during lifting procedures.

Pros and Cons of Steel in Pakistan

There are both pros and cons of Steel/Saria.

Pros of Steel

Cons of Steel

Robust and long-lasting Heavy and challenging to handle and transport
Versatile in diverse applications Some susceptibility to rusting
Fire-resistant, enhancing safety in construction Higher initial investment costs
Design flexibility with steel rods Limited effectiveness in conducting electricity
Excellent thermal conductivity

FAQs

What is the existing steel rates in Pakistan 2024?

Today, the cost of 40-grade steel is Rs. 262, while 60-grade steel is Rs. 264.

What is the total demand for Steel in Pakistan?

Over the past five years, the annual demand for steel has averaged 7.3 million tons.

How many steel mills are operational in Pakistan? 

Pakistan hosts numerous steel factories, with proper steel mills numbering over 20.

Which steel mill is considered top-tier in Pakistan? 

Ittehad is widely recognized as one of the premier steel mills in Pakistan.

What is the material of steel?

Fundamentally, steel consists of iron and carbon, with various alloying elements added to create numerous grades.

Is steel a mineral?

No, steel is not categorized as a mineral; it is a man-made product.

What are the applications of steel?

Steel finds extensive use in various sectors in Pakistan, including automotive manufacturing, construction, appliance production, shipbuilding, and medical instrument fabrication.

How much steel is typically used to construct 5 Marla houses in Pakistan?

Approximately 1200-1500 kg of steel is commonly utilized.

How many steel mills are there in Pakistan?

Over time, many steel mills in Pakistan are producing large amounts of steel to meet the country’s demand. Currently, almost 600 small and large steel mills are operational in Pakistan.

What is the distinction between 40-grade and 60-grade steel?

Grade 40 steel has a yield potency of 280 MPa or 40 ksi, while grade 60 is higher and is the most commonly used grade in reinforced concrete. Grade 40 means steel with a yield strength of 40 ksi, and grade 60 means steel with a yield strength of 60 ksi. Therefore, grade 60 is stronger than grade 40.

Conclusion

The steel industry in Pakistan remains essential for construction, commercial projects, and industrial growth. As Pakistan continues to address economic challenges and work towards its development goals, a successful and competitive steel sector will be crucial for the country’s ongoing progress and prosperity. 

Numerous factors influence steel prices in Pakistan, including transportation costs, material expenses, exchange rates, currency fluctuations, and government policies.

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