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The demand for steel has been increasing because of the integral role it plays in the construction industry. The steel rate in Pakistan today fluctuated due to various reasons impacting the country’s economy; the per capita demand and consumption of steel in Pakistan has risen exponentially since 2007.
60-grade steel bar is used quite commonly in the construction industry, it is high-quality and durable which makes it ideal for construction projects. The price of a 60-grade steel bar in Pakistan today is Rs. 2,35,000 per ton which is an increase from its price last month.
60-grade steel price
Rs.223 per kg
Rs.234 per kg
Rs.239 per kg
Rs.233 per kg
Rs.232 per kg
The above-mentioned steel rates are general market prices and not the exact rate, these steel rates are viable to change daily. To get the best rates for steel in Pakistan contact us now!
Several steel manufacturers in Pakistan recently announced a price hike in 2022. This increase in the steel rate is due to an application filed by the Pakistan Rolling Mills (PRM) to Pakistan’s Board of Investment. It is expected that rates for hot-dipped galvanized coils and cold-rolled coils will be approximately Rs3,000 higher per ton of steel than it was previously. This increase is because steel mills in Pakistan suffered low margins due to volatile commodity markets, currency depreciation, and imports that resulted in cheap exports.
There are several factors to keep in mind when looking for high-quality steel. Firstly make sure that the steel is certified, meaning that it meets all the standards set by the Pakistan Society for Testing and Materials (ASTM).
Then look for steel that has been treated with a process called electro galvanizing because this protects the steel from rust and corrosion. Also always make sure that the steel is covered with a warranty ensuring that you're covered if anything goes wrong with the steel.
Zaraye provides steel and iron bars at the best rate on one platform. To get the best quality steel from all the leading brands at the best rates download the Zaraye app now or contact us to get a quote!