Steel Rates Today:

Steel prices can fluctuate due to many reasons such as global market trends, changes in demand and supply, and local economic conditions. To find the most accurate and up-to-date Steel rate in Pakistan.

As in till this day Steel rate in Pakistan stand at Rs. 298/kg for grade 40 and Rs. 300/kg for grade 60, unchanged for the past month. For details of different brands check Table below.

Steel (Saria): Essential for Strong and Durable Construction

Steel, commonly referred to as Saria, is a high-strength iron alloy produced by combining iron with carbon. It plays a critical role in construction projects, offering the strength and durability needed for long-lasting structures.

In recent times, Steel rate in Pakistan have witnessed a slight decline, following government-provided relief measures aimed at supporting industrialists and investors. For your convenience, the latest steel rate/prices are listed in the table below:

Top Steel Manufacturers and Mills in Pakistan

Pakistan is home to several prominent steel and iron rod manufacturing mills that contribute significantly to the nation’s industrial landscape. Here are some notable establishments:

1. Pakistan Steel Mills: One of the largest industrial complexes in Pakistan, located in Karachi, producing high-quality steel products.
2. Aisha Steel: A leading steel manufacturing company based in Karachi, known for its advanced production processes and quality standards.
3. Amreli Steels: Renowned for its innovative approaches to steel production, operating in Karachi and a key player in the industry.
4. F.F. Steels: Serving the steel needs from its base in Lahore, committed to excellence in manufacturing and customer service.
5. Mughal Steel: Headquartered in Lahore, famous for its diverse range of steel products and strong market presence.
6. Safa Steel: Based in Islamabad, popular for its modern facilities and commitment to sustainability in steel production.
7. Agha Steel: Based in Karachi, famous for its state-of-the-art technology and adherence to international quality standards.
8. Ittefaq Steel: A prominent name in the steel industry in Lahore, offering reliable products and services.
9. Ittehad Steel: The leading steel manufacturer based in Lahore, synonymous with quality and innovation.
10. A.F. Steel: Based in Karachi, committed to meeting diverse steel requirements with precision and efficiency.
11. Chenab Steel: Based in Faisalabad, committed to delivering high-quality steel products nationwide.
12. Maqsood Steel: Operating from Lahore, known for its commitment to customer satisfaction and product excellence.
13. Amaan Steels: Situated in Karachi, focusing on delivering superior steel solutions to meet market needs.

These companies play a vital role in shaping Pakistan’s steel industry, contributing to economic growth and infrastructure development.

Saria Rate Trends

The steel industry has announced a significant price hike for steel rebar, driven by two key factors:

1. A 25% increase in power tariffs has raised production costs.
2. The devaluation of the Pakistani rupee has made imports more expensive.

These factors have combined to drive the Steel rate in Pakistan, impacting construction and other industries that rely on this essential material. Steel rebar prices could range from Rs 15,000 to Rs 18,000 per ton.

According to the Pakistan Association of Large Steel Producers, the steel industry relies heavily on power as a raw material, and costs will surge significantly. Consumers will feel the impact of this price hike from the date it takes effect.

The struggling steel industry cannot absorb such a massive cost increase. Power ranks second in cost after raw materials and scrap in steel production, highlighting its importance in the overall cost structure.

Recent changes in the exchange rate between the US dollar and the Pakistani rupee have also contributed to this dilemma, making importing raw materials more expensive. Specifically, the cost has increased by Rs. 7,000 per ton, so Steel rate in Pakistan increases.

The unstable exchange rate puts additional pressure on the steel industry as the Pakistani rupee continues to lose value, further exacerbating import costs.

We recommend checking websites, local steel manufacturers, suppliers, or online marketplaces for Steel rate in Pakistan. You can also refer to industry publications or government reports that focus on commodities and construction materials like cement, steel/saria, sand etc for more precise information.