Steel Price Today in Pakistan 2024 Latest Rate List
You must have heard about the most important material used in construction, known as steel. This alloy is made up of iron and carbon. Some other minor and trace elements are also the component of this most significant construction material. Apart from these elements’ manganese, silicon, oxygen, and sulfur are also part of the steel. Discussion about steel price today in Pakistan is the need of the period for economic growth and infrastructure development.
The steel rate in Pakistan never remains the same globally. Many factors are involved in the fluctuation of steel and iron. Below is the list of steel prices according to weight and grade
Steel Price Today per KG in Pakistan
Steel prices in Pakistan may differ due to multiple factors. We have tried to gather accurate rates from the market. Visit the steel warehouses while buying products. The steel rate today chart is given here.
| Rate of 60 Grade steel | Rate of 40 Grade steel | Major Cities |
|---|---|---|
| Rs. 288 / KG | Rs. 285 / KG | Karachi |
| Rs. 275 / KG | Rs. 272 / KG | Lahore |
| Rs. 275 / KG | Rs. 273 / KG | Lahore & Islamabad |
| Rs. 275 / KG | Rs. 270 / KG | Karachi, Multan |
| Rs. 273 / KG | Rs. 270 / KG | Multan & Faisalabad |
| Rs. 274 / KG | Rs. 272 / KG | . Karachi & Lahore |
| Rs. 273 / KG | Rs. 270 / KG | Rawalpindi |
Branded Steel Price list
| Brand Name | 40 Grade Rate in KG | 60 Grade Rate in KG |
|---|---|---|
| Amreli Steels | RS. 265 Per KG | RS. 267 Per KG |
| Mughal Steel | RS. 263 Per KG | RS. 265 Per KG |
| Agha Steel | RS. 261 Per KG | RS. 263 Per KG |
| Moiz Steel | RS. 261 Per KG | RS. 263 Per KG |
| Union Steel | RS. 264 Per KG | RS. 266 Per KG |
| Naveena Steel | RS. 260 Per KG | RS. 262 Per KG |
Key Uses of Steel in Various Industries
Steel is widely used for the reinforcement of construction and buildings. Its exceptional strength and durability are the main reasons that made its use popular in the whole world. Some important uses are given below.
Construction
Steel is widely used in construction globally. It is mainly used to strengthen buildings, bridges, shopping malls, and stadiums. Steel provides structural integrity and is ideal for supporting heavy loads. Mostly steel is used for the manufacturing of steel bars and Saria.
Automotive
It is used in automotive and vehicle preparation on a large scale. Some important weight-bearing spare parts are made up of high-quality steel. Steel is mainly used to make the bodies of all types of motor vehicles. Most engine parts are made up of steel and iron rods.
Transportation
You might know the transportation resources like trains, airplanes, ships, and railway tracks. All these resources are made up of steel and iron. Steel is a strong material that qualifies to use such high-weight-bearing transportation resources.
Energy Sector
It is also widely used in the energy sector. Steel is the main part of power plant construction. Transmission towers need high strength. Only steel can fulfill the strength of gas pipelines and drilling equipment.
Home Appliances & Tools
It is mostly used in refrigerators, washing machines, and other home appliances due to reinforcement and high strength. Many hardware and cutlery items are made up of steel alloy. Many people use steel water tanks for domestic and commercial use.
Defense & Security
It is used for manufacturing military tanks, aircraft guns, and warrior weapons. Durability and affordable properties are the main reasons for its use on a large scale. Military or defense forces generally use hard weapons to ensure the security of a country.
Steel & iron Price / metric ton weight
Steel is generally purchased in metric tons for commercial purposes. The rate of steel per metric ton is different. It changes due to the quality and grade factors of steel. The 60-grade and 40-grade rates per metric ton range from Rs. 245,000 to 288,000. However, a slight difference may occur away from the main cities due to carriage costs.
How to Check Steel Quality?
Many important evaluation measurements are needed to check the worth of steel. Some important things are listed below in bullet form.
Precautionary Measurement
Major Steel Manufacturing Companies in Pakistan
Many steel manufacturing companies are working in Pakistan. These are fulfilling the market capacity of steel in every field of life. The quality brand of steel varies from company to company.
Conclusion
Steel is the main component of construction, automotive, transportation, and home appliances. Steel Price Today has a major impact on the lifestyle of people. It also contributes to GDP growth and the economy. Steel rods are also used to make concrete bricks strong.
