Steel Price in Pakistan Today 2024 | Latest Updated Rate List
Steel is fundamental in Pakistan’s construction and industrial sectors, shaping everything from towering buildings to essential machinery. The Steel Price in Pakistan currently ranges between Rs. 254 to Rs. 260 per KG, reflecting its importance and demand. Staying updated on these prices is crucial for businesses and individuals alike to manage costs effectively.
Steel Price in Pakistan 2024
The steel market in Pakistan is dynamic, with prices influenced by various factors such as supply, demand, and production costs. To help you navigate these fluctuations, we’ve compiled the latest rates for different types of steel in the table below. This ensures you stay informed and make cost-effective decisions.
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Five Star Steel Price in Pakistan
Five Star Steel is a popular choice for its reliability and quality, making it a go-to option for construction and industrial needs. Its competitive pricing reflects the brand’s commitment to delivering value while maintaining high standards. Staying updated on its rates ensures better planning for your projects.
| Size in Sutar/mm | Five Star Steel 40 Grade Rate in KG | Five Star Steel 40 Grade Rate in Metric Ton | Five Star Steel 60 Grade Rate in KG | Five Star Steel 60 Grade Rate in Metric Ton |
|---|---|---|---|---|
| 3 sutar / 10mm | RS. 256 Per KG | RS. 256,000 Per Metric Ton | RS. 258 Per KG | RS. 258,000 Per Metric Ton |
| 6 sutar / 20mm | RS. 254 Per KG | RS. 254,000 Per Metric Ton | RS. 256 Per KG | RS. 256,000 Per Metric Ton |
| 7 sutar / 22mm | RS. 256 Per KG | RS. 256,000 Per Metric Ton | RS. 258 Per KG | RS. 258,000 Per Metric Ton |
| 5 sutar / 16mm | RS. 254 Per KG | RS. 254,000 Per Metric Ton | RS. 256 Per KG | RS. 256,000 Per Metric Ton |
| 8 sutar / 25mm | RS. 256 Per KG | RS. 256,000 Per Metric Ton | RS. 258 Per KG | RS. 258,000 Per Metric Ton |
| 4 sutar / 12mm | RS. 254 Per KG | RS. 254,000 Per Metric Ton | RS. 256 Per KG | RS. 256,000 Per Metric Ton |
Branded Steel Price in Pakistan
Branded steel is highly sought after for its superior quality, durability, and reliability. Leading brands in Pakistan offer a wide range of steel products tailored for construction and industrial needs. Choosing branded steel ensures long-term performance and value for money in your projects.
| 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 | RS. 252 Per KG | RS. 252,000 Per Metric Ton | RS. 254 Per KG | RS. 254,000 Per Metric Ton |
| AF Steel | RS. 257 Per KG | RS. 257,000 Per Metric Ton | RS. 259 Per KG | RS. 259,000 Per Metric Ton |
| Union Steel | RS. 253 Per KG | RS. 253,000 Per Metric Ton | RS. 255 Per KG | RS. 255,000 Per Metric Ton |
| Mughal Steel | RS. 257 Per KG | RS. 257,000 Per Metric Ton | RS. 259 Per KG | RS. 259,000 Per Metric Ton |
| Moiz Steel | RS. 253 Per KG | RS. 253,000 Per Metric Ton | RS. 255 Per KG | RS. 255,000 Per Metric Ton |
| Amreli Steels | RS. 257 Per KG | RS. 257,000 Per Metric Ton | RS. 259 Per KG | RS. 259,000 Per Metric Ton |
| Agha Steel | RS. 258 Per KG | RS. 258,000 Per Metric Ton | RS. 260 Per KG | RS. 260,000 Per Metric Ton |
| Five Star Steel | RS. 256 Per KG | RS. 256,000 Per Metric Ton | RS. 258 Per KG | RS. 258,000 Per Metric Ton |
Locally Steel Price in Pakistan
Locally produced steel plays a crucial role in meeting the demands of Pakistan’s construction and manufacturing sectors. Known for its affordability and accessibility, local steel provides a cost-effective solution without compromising on quality. It remains a preferred choice for many builders and industries.
| City | Rate per KG | Rate per Metric Ton |
|---|---|---|
| Lahore | RS. 238 Per KG | RS. 238,000 Per Metric Ton |
| Multan | RS. 236 Per KG | RS. 236,000 Per Metric Ton |
| Karachi | RS. 240 Per KG | RS. 240,000 Per Metric Ton |
| Faisalabad | RS. 236 Per KG | RS. 236,000 Per Metric Ton |
| Gujranwala | RS. 234 Per KG | RS. 234,000 Per Metric Ton |
| Islamabad | RS. 238 Per KG | RS. 238,000 Per Metric Ton |
| Peshawar | RS. 235 Per KG | RS. 235,000 Per Metric Ton |
| Quetta | RS. 238 Per KG | RS. 238,000 Per Metric Ton |
Factors Influencing Steel Prices
- Global Market Dynamics
International demand and supply trends significantly impact local steel prices. A surge in global steel consumption or disruptions in international supply chains often leads to higher costs in Pakistan. - Raw Material Costs
Steel production relies heavily on raw materials like iron ore and coal. Any fluctuation in the prices of these materials directly affects the overall steel rates. - Energy and Transportation Costs
Steel manufacturing is energy-intensive, and rising electricity and fuel prices in Pakistan contribute to increased production costs. Similarly, higher transportation expenses can drive prices upward.
All Types of Steel in Pakistan
Steel comes in various types, each tailored to specific uses across industries. Below are the primary categories of steel available in Pakistan:
- Carbon Steel
Carbon steel is the most common type, widely used for construction projects, tools, and machinery due to its durability and strength. - Stainless Steel
Known for its corrosion resistance and shiny finish, stainless steel is commonly used in kitchenware, medical equipment, and architectural designs. - Alloy Steel
This type of steel is enhanced with additional elements like chromium and nickel, making it ideal for automotive parts, aerospace components, and industrial equipment. - Tool Steel
Specialized for making tools and dies, tool steel is highly durable and resistant to wear, perfect for manufacturing applications.
Steel Manufacturing Companies in Pakistan
- Agha Steel: Known for its high-quality steel products and innovation in the industry.
- Mughal Steel: A well-established brand offering a wide range of steel products for construction and industrial use.
- Amreli Steels: A major player in the steel sector, providing top-tier steel bars and products.
- AF Steel: Renowned for producing durable and reliable steel for various industrial applications.
- Five Star Steel: Offers competitive prices and high-strength steel products.
- Naveena Steel: Known for its consistent product quality and commitment to sustainability.
- Moiz Steel: A leading producer offering cost-effective steel solutions for construction.
- Union Steel: Provides a variety of steel products with a focus on quality and affordability.
Tips for Maintaining Steel Prices
- Monitor Global Trends: Stay updated with global steel market fluctuations, as they often influence local prices.
- Establish Long-Term Contracts: Lock in prices with suppliers to avoid sudden price hikes due to market volatility.
- Bulk Purchasing: Consider buying steel in bulk to take advantage of lower per-unit prices.
- Efficient Supply Chain: Optimize your supply chain to reduce transportation and handling costs, which can impact overall pricing.
- Leverage Local Production: Buy from local manufacturers to minimize shipping costs and support the national industry.
- Negotiate with Multiple Suppliers: Don’t rely on a single supplier; compare offers from different steel manufacturers to secure the best deal.
- Consider Quality Over Quantity: While buying more can sometimes lower prices, prioritize quality to avoid future costs related to repairs or replacements.
- Invest in Storage: Proper storage of steel materials can prevent damage and waste, preserving the value of your steel investment.
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Overall Conclusion
Understanding the factors that influence Steel Price in Pakistan is crucial for making informed purchasing decisions. Whether you’re involved in construction or manufacturing, staying updated on local and branded steel prices can help you secure the best deals. By considering market trends and purchasing strategies, you can ensure the cost-effective and efficient use of steel in your projects.
Frequently Asked Questions (FAQs)
The Steel varies depending on the grade, brand, and location. On average, it ranges from Rs. 254 per KG to Rs. 260 per KG.
Cities like Gujranwala and Faisalabad generally offer lower steel prices, with rates starting at around Rs. 234 per KG.
To find the best Steel in Pakistan, compare rates across different cities, brands, and suppliers. It’s also beneficial to keep an eye on market trends and consider purchasing in bulk.
Steel prices in Pakistan are influenced by global market trends, the cost of raw materials, manufacturing processes, and local demand and supply.
Yes, branded steels such as Agha Steel or Mughal Steel tend to be more expensive than local brands due to their higher quality, reputation, and production standards.
