Steel iron rods, often colloquially referred to as “saria,” are the backbone of construction in Pakistan, catering to structures both large and small. In the past, traditional construction methods primarily relied on wood, given the relatively lower demand for steel. However, with the ever-increasing global population, the construction industry has experienced a substantial upsurge in the need for steel, making it an indispensable resource.
In the Pakistani market, steel iron is predominantly available in two main grades: 40 and 60. These grades have varying price dynamics, which fluctuate over time due to a multitude of factors. The quantities of steel iron are typically measured in kilograms, and for larger applications, in metric tons.
Steel rods come in different sizes, locally known as “sutars,” with the most commonly used sizes in construction being 10mm, 12mm, 16mm, 20mm, 22mm, and 25mm. These sizes cater to a wide spectrum of construction requirements, from residential housing to large-scale commercial projects.
Current Steel Price in Pakistan (October 20, 2023)
As of October 20, 2023, the prevailing rates for steel rods in Pakistan are as follows:
40 Grade Saria Rates Today:
| Sutar Size | Price per kg | Price per Metric Ton |
|---|---|---|
| 10mm (3 sutar) | PKR 264 per kg | PKR 264,000 per metric ton |
| 12mm (4 sutar) | PKR 262 per kg | PKR 262,000 per metric ton |
| 16mm (5 sutar) | PKR 262 per kg | PKR 262,000 per metric ton |
| 20mm (6 sutar) | PKR 262 per kg | PKR 262,000 per metric ton |
| 22mm (7 sutar) | PKR 262 per kg | PKR 262,000 per metric ton |
| 25mm (8 sutar) | PKR 262 per kg | PKR 262,000 per metric ton |
Branded Steel Rate Today for October 20, 2023:
| Supplier | Price per kg (PKR) | Price per metric ton (PKR) |
|---|---|---|
| Amreli Steels | 269 | 269,000 |
| Mughal Steel | 267 | 267,000 |
| Agha Steel | 266 | 266,000 |
| AF Steel | 265 | 265,000 |
| Moiz Steel | 267 | 267,000 |
Local Steel Price in Pakistan Today – October 20, 2023:
| City | Grade | Price per kg (PKR) | Price per metric ton (PKR) |
|---|---|---|---|
| Karachi | 40 | 239 | 239,000 |
| 60 | 241 | 241,000 | |
| Lahore | 40 | 234 | 234,000 |
| 60 | 236 | 236,000 | |
| Islamabad | 40 | 235 | 235,000 |
| 60 | 237 | 237,000 | |
| Faisalabad | 40 | 229 | 229,000 |
| 60 | 231 | 231,000 | |
| Peshawar | 40 | 228 | 228,000 |
| 60 | 230 | 230,000 | |
| Gujranwala | 40 | 231 | 231,000 |
| 60 | 233 | 233,000 |
These prices serve as a reflection of the current market conditions, providing valuable insights for businesses and projects in the construction and steel-related industries throughout Pakistan.
Related Article: Steel Price in Pakistan – 14 October 2023
Conclusion
Steel industry in Pakistan is dynamic and responsive to a variety of factors, leading to fluctuations in steel prices. For those involved in construction and other steel-dependent industries, staying up-to-date with the latest prices is crucial for cost estimation and project planning. With the diverse range of steel grades, sizes, and brands available, Pakistan’s steel market is well-equipped to meet the demands of the growing construction sector.
