Steel Prices

Steel Prices Today

Introduction

Steel prices in Pakistan has a profound effect on construction industries. Steel is also called saria in the local language in Pakistan and is used in reinforced concrete. Knowing the steel prices is essential for budget estimation and billing in the construction industry.

Steel prices in Pakistan are available for different sizes and grades. Grade 60 and Grade 40 are famous in Pakistan in construction industries. Tables below show steel rates for different sizes, grades, cities and brands. These rates include gst.

40 & 60 grade Steel Prices in Pakistan

Size(Suter/mm)

40 Grade steel

Kg Rate (PKR)

Ton Rate (PKR)

60 Grade steel

Kg Rate (PKR)

Ton Rate (PKR)

3 sutar / 10mm

255

255000

257

257000

4 sutar / 12mm

255

255000

258

258000

5 sutar / 16mm

255

255000

258

258000

6 sutar / 20mm

255

255000

258

258000

7 sutar / 22mm

255

255000

257

257000

8 sutar / 25mm

255

255000

257

257000

Branded steel rate today in Pakistan

Brand Name

40 Grade steel

Kg Rate (PKR)

Ton Rate (PKR)

60 Grade steel

Kg Rate (PKR)

Ton Rate (PKR)

Amreli Steels

259

259000

261

261000

Mughal Steel

258

258000

260

260000

Agha Steel

255

255000

257

257000

AF Steel

252

252000

255

255000

Moiz Steel

255

255000

258

258000

Steel Manufacturing companies and mills in Pakistan

  • People Steel Mills
  • Pakistan Steel Mills
  • BM Steel Mills
  • Aisha Steel 
  • Amreli Steels
  • F.F. Steels
  • Mughal Steel
  • Safa Steel
  • Agha Steel
  • Ittefaq Steel
  • Ittehad Steel
  • ZAK Steels
  • A.F. Steel
  • Chenab Steel
  • Fazal Steel

Factor affected steel prices in Pakistan

Steel rates are controlled by several metrics. Some of these metrics are  supply and demand, global inflation rates, peak seasons in construction , transportation costs, currency fluctuations and local government policies. 

Raw material for Steel bars manufacturing

The raw material of steel is pure iron, carbon, silicon and manganese as alloying elements. These elements are extracted from naturally available ores. These ores are naturally available in different regions of  the world. 

Many steel mills used only steel billets for manufacturing of steel rods. These mills used only re-rolling processing to manufacture steel rods of different sizes.

Conclusions

Steel rate has a direct connection with construction cost of any building or infrastructure. Steel prices fluctuate due to multiple factors. Knowing steel rate is essential for budget estimation for any construction work involving steel reinforced concrete. The total annual capacity of steel production in Pakistan is around 3.6million tons.

FAQs

The two primary grades of steel are Grade 40 and Grade 60. The Grade 40 has 40 ksi yield strength and Grade 60 has 60 ksi yield strength. Therefore, Grade 60 has more strength than Grade 40.

Steel prices are affected mainly by currency fluctuations, government policies, energy prices, supply and demands.

There are 1000 kg in one metric ton of steel

40 grade steel is alloy of steel used in reinforced concrete. It has 99% iron and up to 0.24% carbon and other tiny elements.

60 grade steel has 98% iron,0.26% carbon, 1.35% Manganese and the rest is traces of other elements

Sutar is equivalent to one eighth of an inch

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