Steel Price in Pakistan 2024 Today | Updated Rate List

Steel price in Pakistan are critical in shaping construction and industrial projects across the country. The price ranges from Rs. 254 to Rs. 260 per kg, reflecting a balance between market demand and supply. Staying updated on these rates is essential for anyone involved in building or manufacturing.

Steel Price in Pakistan

Steel Price in Pakistan 2024

The Steel Price in Pakistan continues to influence market dynamics, including supply chain factors and global trends. To clarify, the table below highlights the latest rates for steel across different regions and types, offering a quick reference for buyers and businesses.

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Five Star Steel Prices in Pakistan

Five Star Steel is a well-known brand in Pakistan, offering high-quality steel products for construction and manufacturing. The price of Five Star Steel typically falls within the general market range, with fluctuations based on factors like demand and production costs.

Size in Sutar/mmFive Star Steel 40 Grade Rate in KGFive Star Steel 40 Grade Rate in Metric TonFive Star Steel 60 Grade Rate in KGFive Star Steel 60 Grade Rate in Metric Ton
5 sutar / 16mmRS. 254 Per KGRS. 254,000 Per Metric TonRS. 256 Per KGRS. 256,000 Per Metric Ton
7 sutar / 22mmRS. 256 Per KGRS. 256,000 Per Metric TonRS. 258 Per KGRS. 258,000 Per Metric Ton
3 sutar / 10mmRS. 256 Per KGRS. 256,000 Per Metric TonRS. 258 Per KGRS. 258,000 Per Metric Ton
6 sutar / 20mmRS. 254 Per KGRS. 254,000 Per Metric TonRS. 256 Per KGRS. 256,000 Per Metric Ton
8 sutar / 25mmRS. 256 Per KGRS. 256,000 Per Metric TonRS. 258 Per KGRS. 258,000 Per Metric Ton
4 sutar / 12mmRS. 254 Per KGRS. 254,000 Per Metric TonRS. 256 Per KGRS. 256,000 Per Metric Ton

Branded Steel Prices in Pakistan

Branded steel in Pakistan, such as Five Star Steel and other well-known manufacturers, offers reliable quality for construction and industrial needs. The prices vary based on brand reputation and the specific grade of steel, but they generally fall within the competitive range of market rates.

Brand Name40 Grade Rate in KG40 Grade Rate in Metric Ton60 Grade Rate in KG60 Grade Rate in Metric Ton
Union SteelRS. 253 Per KGRS. 253,000 Per Metric TonRS. 255 Per KGRS. 255,000 Per Metric Ton
Naveena SteelRS. 252 Per KGRS. 252,000 Per Metric TonRS. 254 Per KGRS. 254,000 Per Metric Ton
Moiz SteelRS. 253 Per KGRS. 253,000 Per Metric TonRS. 255 Per KGRS. 255,000 Per Metric Ton
Mughal SteelRS. 257 Per KGRS. 257,000 Per Metric TonRS. 259 Per KGRS. 259,000 Per Metric Ton
AF SteelRS. 257 Per KGRS. 257,000 Per Metric TonRS. 259 Per KGRS. 259,000 Per Metric Ton
Agha SteelRS. 258 Per KGRS. 258,000 Per Metric TonRS. 260 Per KGRS. 260,000 Per Metric Ton
Five Star SteelRS. 256 Per KGRS. 256,000 Per Metric TonRS. 258 Per KGRS. 258,000 Per Metric Ton
Amreli SteelsRS. 257 Per KGRS. 257,000 Per Metric TonRS. 259 Per KGRS. 259,000 Per Metric Ton

Locally Steel Prices in Pakistan

Locally produced steel in Pakistan tends to be more affordable compared to imported brands due to lower transportation and customs costs. The price of locally manufactured steel varies based on factors such as demand, quality, and grade, but it remains an attractive option for construction and industrial projects.

CityRate per KGRate per Metric Ton
FaisalabadRS. 236 Per KGRS. 236,000 Per Metric Ton
LahoreRS. 238 Per KGRS. 238,000 Per Metric Ton
KarachiRS. 240 Per KGRS. 240,000 Per Metric Ton
QuettaRS. 238 Per KGRS. 238,000 Per Metric Ton
IslamabadRS. 238 Per KGRS. 238,000 Per Metric Ton
MultanRS. 236 Per KGRS. 236,000 Per Metric Ton
PeshawarRS. 235 Per KGRS. 235,000 Per Metric Ton
GujranwalaRS. 234 Per KGRS. 234,000 Per Metric Ton

Factors Affecting Steel Prices in Pakistan

  • Market Demand and Supply
    Steel prices are largely determined by the relationship between supply and demand in the market.When demand exceeds supply, prices rise, and during surplus conditions, they tend to decrease.
  • Global Steel Market Trends
    International steel and trade policies have a direct impact on local rates. Fluctuations in global markets often ripple through to Pakistan’s steel industry.
  • Energy and Production Costs
    Steel prices are greatly impacted by the cost of energy and essential raw materials such as iron ore. Rising energy tariffs and manufacturing expenses contribute to higher steel costs in Pakistan.

All Types of Steel in Pakistan

  • Mild Steel
    Mild steel is widely used for general construction purposes due to its affordability and versatility. It’s easy to work with and is commonly employed in structures like buildings and pipelines.
  • Stainless Steel
    Known for its resistance to corrosion and durability, stainless steel is ideal for high-end projects. It is commonly utilized in kitchen appliances, medical devices, and various industrial applications.
  • Alloy Steel
    Alloy steel is a specialized type made by mixing carbon steel with other elements like chromium or vanadium. It’s used for heavy machinery and projects requiring enhanced strength and toughness.
  • Tool Steel
    This type is specifically designed for cutting and drilling tools. It’s durable, wear-resistant, and essential for precision work in industries.
  • Galvanized Steel
    Galvanized steel is coated with zinc to prevent rusting, making it perfect for outdoor applications such as roofing and fencing.

Comparison of Steel Brands in Pakistan

  • Pakistan Steel Mills.
  • Aisha Steel Mills Pakistan.
  • PakSteel.
  • Agha Steel Industries Limited.
  • People Steel Mills.
  • Naveena Steel.
  • Ittehad Steel.

Benefits of Using Steel in Pakistan

  • Durability and Strength: Steel offers exceptional strength, making it ideal for long-lasting structures and heavy-duty applications.
  • Cost-Effectiveness: Its longevity reduces maintenance and replacement costs, providing excellent value for money.
  • Versatility: Steel is adaptable and can be used in a wide range of applications, from construction to manufacturing.
  • Recyclability: Environmentally friendly, steel is 100% recyclable, promoting sustainable development.
  • Resistance to Elements: Certain types of steel, like stainless or galvanized, are resistant to corrosion, ensuring reliability in various climates.

Tips for Maintaining Steel Prices in Pakistan

  • Efficient Supply Chain Management: Streamline the supply chain to reduce transportation and storage costs, helping to stabilize steel prices.
  • Adopt Energy-Efficient Practices: Implementing energy-saving technologies in production can lower manufacturing costs and keep prices competitive.
  • Promote Local Manufacturing: Encouraging local production reduces reliance on imported steel, minimizing price fluctuations caused by global market changes.
  • Invest in Modern Technology: Upgrading to advanced machinery increases efficiency and lowers production costs, helping to maintain affordable steel rates.
  • Monitor Global Trends: Staying updated on international steel market trends can help businesses anticipate and adapt to price shifts effectively.

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Overall Conclusion

The Steel Price in Pakistan is a crucial factor influencing the construction and industrial sectors nationwide. Understanding the factors driving these prices and the benefits of using steel can help businesses and individuals make informed decisions. Staying updated on the latest trends ensures better planning and cost management for various projects.

Frequently Asked Questions (FAQs)

What factors influence the Steel Price in Pakistan?

Steel prices are affected by factors such as market demand and supply, global industry trends, energy expenses, and production costs.

What are the primary steel varieties offered in Pakistan?

The primary types include mild steel, stainless steel, alloy steel, tool steel, and galvanized steel, each catering to specific applications.

Why is steel widely used in Pakistan?

Steel is durable, cost-effective, versatile, and environmentally friendly, making it ideal for construction and industrial uses in Pakistan.

How can businesses stabilize steel prices?

By improving supply chain efficiency, adopting energy-efficient practices, promoting local manufacturing, and staying updated on global trends, businesses can help stabilize.

Is steel in Pakistan recyclable?

Yes, steel is 100% recyclable, making it an environmentally sustainable choice for various industries.

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