steel rate in pakistan today May 30, 2023 This post provides the latest Saree rates. One regarding steel rate in Pakistan.
If you are involved in the construction or manufacturing industry in Pakistan, then you are probably aware of the fluctuating steel rates. The steel industry is one of the most crucial industries in Pakistan, and its growth is a key indicator of the country’s economic development. However, understanding the factors that affect steel rates and how to mitigate their impact can be challenging. This article will provide you with a comprehensive guide on steel rates in Pakistan, including their fluctuation, causes, and future trends.
Steel Rate Today May 30, 2023 | Steel Rate in Pakistan List ( Brand Steel Rate List )
| Steel iron rod/Saria Size in Sutar /mm | 40 Grade Rate in KG | 40 Grade Rate in Metric Ton | 60 Grade Rate in KG | 60 Grade Rate in Metric Ton |
| 3 Sutar / 10 mm | Rs. 286 Per Kg | Rs. 286,000 Per Metric Ton | Rs. 288 Per Kg | Rs. 288,000 Per Metric Ton |
| 4 Sutar / 12 mm | Rs. 284 Per Kg | Rs. 284,000 Per Metric Ton | Rs. 286 Per Kg | Rs. 286,000 Per Metric Ton |
| 5 Sutar / 16 mm | Rs. 285 Per Kg | Rs. 285,000 Per Metric Ton | Rs. 287 Per Kg | Rs. 287,000 Per Metric Ton |
| 6 Sutar / 20 mm | Rs. 285 Per Kg | Rs. 285,000 Per Metric Ton | Rs. 287 Per Kg | Rs. 287,000 Per Metric Ton |
| 7 Sutar / 22 mm | Rs. 284 Per Kg | Rs. 284,000 Per Metric Ton | Rs. 287 Per Kg | Rs. 287,000 Per Metric Ton |
| 8 Sutar / 25 mm | Rs. 284 Per Kg | Rs. 284,000 Per Metric Ton | Rs. 287 Per Kg | Rs. 287,000 Per Metric Ton |
Local Steel Rate Today May 30, 2023 | Steel Rate in Pakistan
| City Wise Local Steel | 40 Grade Rate in KG | 40 Grade Rate in Metric Ton | 60 Grade Rate in KG | 60 Grade Rate in Metric Ton |
| Faisalabad | Rs. 245 per kg | Rs. 245,000 Per Matric Ton | Rs. 247 per kg | Rs. 247,000 er Metric Ton |
| Lahore | Rs. 248 Per kg | Rs. 248,000 Per Metric Ton | Rs. 250 Per kg | Rs. 250,000 Per Metric Ton |
| Peshawar | Rs. 246 Per kg | Rs. 246,000 Per Metric Ton | Rs. 248 Per kg | Rs. 248,000 Per Metric Ton |
| Karachi | Rs. 255 Per kg | Rs. 255,000 Per Metric Ton | Rs. 257 Per kg | Rs. 257,000 Per Metric Ton |
| Islamabad | Rs. 253 Per kg | Rs. 253 ,000 per kg | Rs. 255 Per kg | Rs. 255,000 Per Metric Ton |
What are Steel Rates?
Steel rates are the prices of steel in the local market, determined by supply and demand factors, among others. These prices are usually quoted per ton or per kilogram and can vary based on different factors.
Factors that Affect Steel Rates in Pakistan
Several factors impact the Steel Rate in Pakistan, including:
1. Supply and Demand
Steel rates are primarily determined by supply and demand forces. When demand is higher than supply, the price of steel increases, and when supply is higher than demand, the price falls.
2. Global Steel Prices
Global steel prices can also impact local steel rates. If global prices are high, then local prices will increase, and vice versa.
3. Currency Exchange Rates
Fluctuations in currency exchange rates can also impact steel rates. A weaker local currency against the US dollar can increase steel prices.
4. Government Policies
Government policies such as taxes and import duties can also affect steel rates. Higher taxes and duties can increase the cost of production, leading to higher steel prices.
Fluctuations in Steel Rates in Pakistan
The steel industry in Pakistan has experienced significant fluctuations in the past few years. For instance, in 2019, steel rates reached an all-time high of PKR 126,500 per ton, but in 2020, they dropped to PKR 94,000 per ton due to the COVID-19 pandemic.
Current Steel Rates in Pakistan
As of March 2023, the current steel rate in Pakistan are PKR 286,000 per ton.
Future Trends in Steel Rates in Pakistan
The future trends of steel rates in Pakistan will depend on several factors. One of the significant factors is the demand for steel. The construction and infrastructure sectors’ growth will determine the demand for steel, and if these sectors continue to grow, steel rates will likely increase. Moreover, global steel prices, currency exchange rates, and government policies will also impact future trends.
Steel Manufacturing Companies / Mills in Pakistan
There are various steel iron rod manufacturing mills operating in different cities of Pakistan.
- Pakistan Steel Mills
- Ayesha Steele
- Amreli stills
- F.F. Stills
- Mughal steel
- Safa Steel
- Agha Steel
- Concurrence Steel
- Etihad Steel
- AF Steel
- Chenab Steel
- Maqsood Steel
- Aman Stills
- Precautions
Important note
Today’s steel price in Pakistan may differ from your region as these prices are taken from different market rates. These prices also vary by region. We are not trading steel but, here only provide you information about steel prices in Pakistan. If you receive any information about the change in steel prices in the market, please contact us on our page and advise.
Conclusion
Steel rate in Pakistan are subject to fluctuation, and it is essential to understand the factors that affect them. The demand and supply of steel, global steel prices, currency exchange rates, and government policies all play a crucial role in determining steel rates. The future trends of steel rates in Pakistan will depend on these factors, and it is vital to monitor them regularly to stay updated.
FAQs
- What is the current steel rate in Pakistan? Answer: As of March 2023, the current steel rate in Pakistan is PKR 286,000 per ton.
- What are the factors that impact steel rates in Pakistan? Answer: The factors that impact steel rates in Pakistan include supply and demand, global steel prices, currency exchange rates, and government policies.
- How do government policies affect steel rates in Pakistan? Answer: Government policies such as taxes and import duties can impact steel rates. Higher taxes and duties can increase the cost of production, leading to higher steel prices.
- What are the future trends in steel rates in Pakistan? Answer: The future trends in steel rates in Pakistan will depend on several factors, including the demand for steel, global steel prices, currency exchange rates, and government policies.
Best Steel Brands in Pakistan
Best Steel Brands in Pakistan The following are the top steel brands in Pakistan that have gained the trust and confidence of consumers:
- Pakistan Steel Mills
- Amreli Steel
- F.F. Steels
- Mughal Steel
- Aisha Steel
- Ittehad Steel
Steel Rate in Pakistan
