Steel Rate in Pakistan Today: Updated Prices for April 2026
April 6, 2026
The steel rate in Pakistan varies substantially among different brands, grades and regions. This makes budgeting construction projects a challenge for builders and contractors. To cite an instance, Grade 40 steel prices range from Rs. 247 to Rs. 262 per kg, while Grade 60 rates vary from Rs. 249 to Rs. 264 per kg[-3]. These price changes lead the frequent updates in the steel market. We’ve compiled this complete guide on today steel rate in Pakistan and covered the current steel rate in Pakistan among major brands, cities and rod sizes. You’ll find Grade 40 and Grade 60 pricing, branded steel rates and the core factors affecting steel price in Pakistan today.
1.) Steel Rate in Pakistan Today ( 2026 Update)
As of April 6, 2026, steel prices in Pakistan range between Rs. 228 and Rs. 232 per kg, depending on the grade. These rates have remained stable in the last month and show balanced demand with steady billet supply in major markets.
Grade 40 and Grade 60 Steel Prices
Grade 40 steel sells at Rs. 228 per kg, while Grade 60 commands Rs. 232 per kg. The price differential reflects the strength variations between these two grades. Per-ton rates stand at Rs. 228,000 for Grade 40 and Rs. 232,000 for Grade 60.
Branded Steel Rates Today
Premium brands carry higher price tags due to quality assurance and market reputation. Here’s what major manufacturers charge:
The branded steel rates in Pakistan vary across different manufacturers. Amreli Steels, Agha Steels, and Mughal Steels have their Grade 40 and Grade 60 prices generally listed according to market trends, though exact per kg rates are not specified here. AF Steels offers steel at Rs. 258 per kg for Grade 40 and Rs. 260 per kg for Grade 60, making it one of the clearly priced options. Similarly, Five Star Steels is also included among major brands, but its exact Grade 40 and Grade 60 rates are not explicitly mentioned in the available data.
Ittehad and Ittefaq Steels both price their products at Rs. 258 per kg for Grade 40 and Rs. 260 per kg for Grade 60. Moiz and Naveena Steels offer more competitive rates at Rs. 254 per kg for Grade 40 and Rs. 256 per kg for Grade 60.
Local Steel Prices by Major Cities
Transportation costs and regional demand create price variations across cities. Karachi maintains rates around Rs. 240 per kg. Lahore follows closely at Rs. 239 per kg. Islamabad stands at Rs. 241 per kg, and Faisalabad offers lower prices at Rs. 239 per kg. Multan provides the most competitive local rates at Rs. 237 per kg.
Steel Rod Sizes and Their Current Rates
Steel rods come in various sizes measured in sutar (an old measurement system) or millimeters. The 3 sutar (10mm) rods cost Rs. 230 per kg for Grade 40 and Rs. 232 per kg for Grade 60. Prices drop to Rs. 228 per kg for Grade 40 and Rs. 230 per kg for Grade 60 when moving to 4 sutar (12mm). Larger sizes from 5 sutar (16mm) through 8 sutar (25mm) maintain consistent pricing at Rs. 228 per kg for Grade 40.
2.) Factors Affecting Steel Prices in Pakistan
Multiple interconnected forces drive the steel rate in Pakistan today. These range from global supply dynamics to domestic policy decisions. Understanding these factors helps builders anticipate price movements and plan construction budgets.
Global Market Trends and International Demand
The global steel industry faces a massive surplus of 680 million mt in 2025. This creates downward pressure on international prices. China’s record-breaking steel exports worsen this oversupply, as poor domestic just need pushes Chinese mills to ship excessive quantities abroad. Pakistan produces just 0.18% of world steel output. This makes our market vulnerable to these international price shifts. Then, at the time global just need recovers, as forecasted with 1.3% growth to 1.773 billion tons in 2026, local prices tend to rise in tandem.
Currency Exchange Rate Impact
The PKR-USD exchange rate affects the current steel rate in Pakistan. At the time the Pakistani Rupee strengthened in 2023, steel prices dropped by approximately PKR 10,000 per ton. Rupee depreciation to 280-300 per USD increased billet import costs by 7-9%, raising local steel prices. This sensitivity exists because 85% of Pakistan’s steel production relies on imported raw materials.
Raw Material and Production Costs
Pakistan imported USD 1.9 billion worth of steel scrap in FY21, totaling 4.7 million tons. Electricity rates remain substantially higher than regional competitors, making domestic production uncompetitive. The global iron scrap market reached 628.6 million tons in 2025. Price fluctuations affect our production expenses.
Government Policies and Import Tariffs
The FBR extended 5% and 10% regulatory duties on flat steel products until March 31, 2025, protecting local manufacturers. These duties reduced imports sharply from Rs. 4,217 million to Rs. 793 million. High tariff protection on billets and bars, reaching effective rates of 123.11%, has driven up costs for construction projects.
Local Construction Activity and Infrastructure Projects
Construction steel just need grows 8-10% annually, driven by infrastructure projects. Pakistan requires over 1 million new homes yearly. The construction sector is expected to grow 4-5% in 2026. CPEC initiatives continue boosting steel consumption, affecting the steel price in pakistan today.
3.) Understanding Steel Grades and Quality Standards
The right steel grade affects both structural integrity and construction costs when you monitor the steel rate in Pakistan today. Grade specifications help builders make informed purchasing decisions.
Difference Between Grade 40 and Grade 60 Steel
Grade 40 steel delivers a minimum yield strength of 40,000 psi (280 MPa). This grade suits single-story homes and light construction where flexibility matters more than raw strength. Grade 60 steel provides 60,000 psi (420 MPa) yield strength and is the standard choice for multi-story buildings, bridges, and infrastructure projects. Grade 60 exhibits lower ductility compared to Grade 40 due to its higher strength properties. Grade 60 performs better in seismic zones because its improved flexibility absorbs earthquake shocks.
How to Check Steel Quality Before Buying
Verify the brand name embossed on each steel bar along with IS standard markings such as IS 1786 for TMT bars when you accept delivery. Check that the steel grade matches your order specifications (Fe 415, Fe 500, or Fe 550). Perform a visual inspection to identify uniform surface ribs, absence of visible cracks, and minimal rust. To cite an instance, the bend test involves bending steel bars to 45-90 degrees using simple tools. Quality steel bends without cracking. The phosphorus content in steel should not exceed 0.06% according to chemical analysis standards.
Steel Rod Thickness Measurement (Sutar to MM)
Pakistan’s construction sites commonly use “sutar” (also called “soot”) to measure steel diameter. One sutar equals 3.175 millimeters. Multiply the sutar value by 3.175 to convert sutar to mm. To cite an instance, 4 sutar equals 12.7 mm and is sold as 12mm rods. Similarly, 5 sutar converts to 15.875 mm and is marketed as 16mm bars.
4.) Major Steel Manufacturing Companies in Pakistan
Pakistan’s steel industry has several manufacturers that influence the steel rate in Pakistan today through their production capacity and quality standards. FF Steel operates as a fully-integrated manufacturer with 1000+ employees across two production units in Peshawar and Lahore and produces 400,000 tons annually. The company was founded in 1986 and manufactures Grade 60. It remains the sole producer of Grade 80 deformed steel bars according to ASTM 615, ASTM 706, and BSI 4449 standards.
Amreli Steels pioneered TMT bar production in 1972. The company built its reputation through state-of-the-art approaches in the construction industry. Ittehad Steel maintains recognition throughout Pakistan for quality and strength after four decades in operation. Mughal Steel produces premium TMT bars using advanced reheating and rolling technology for over 40 years. The company serves both domestic and industrial projects.
Agha Steel implements Ladle Refining Furnace technology and micro-alloying processes. It produces Grade 60 and Grade 75 rebars through fully automated production lines. The current steel rate in Pakistan reflects contributions from manufacturers like Ittefaq Steel (operating since the 1980s) and A One Steel Mills (founded 2012). Specialized producers such as Izhar Engineering operate a 350,000 sq. ft. facility and produce 48,000+ metric tons annually.
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5.) Conclusion
Steel prices in Pakistan remain relatively stable, yet they vary based on brand, grade, and location. Current rates in major cities and from manufacturers will help you budget your construction projects.
Exchange rates and global market trends directly affect local prices, so monitor them regularly. Most importantly, verify steel quality before purchasing and choose the appropriate grade for your specific project requirements. This ensures structural integrity and keeps costs down.
FAQs
As of April 2026, steel prices in Pakistan range between Rs. 228 and Rs. 232 per kg depending on the grade. Grade 40 steel is priced at Rs. 228 per kg, while Grade 60 costs Rs. 232 per kg. These rates have remained stable over the past month.
Steel prices vary across cities due to transportation costs and regional demand. Multan offers the most competitive rates at Rs. 237 per kg, followed by Lahore and Faisalabad at Rs. 239 per kg. Karachi’s rates are around Rs. 240 per kg, while Islamabad has slightly higher prices at Rs. 241 per kg.
Grade 40 steel has a minimum yield strength of 40,000 psi and is suitable for single-story homes and light construction. Grade 60 steel offers higher strength at 60,000 psi, making it ideal for multi-story buildings, bridges, and infrastructure projects. Grade 60 also performs better in seismic zones due to its enhanced flexibility.
Major steel brands include Amreli Steels (Rs. 258-260 per kg), Agha Steels (Rs. 259-261 per kg), Mughal Steels (Rs. 255-261 per kg), and AF Steels (Rs. 258-260 per kg). More competitive options include Moiz and Naveena Steels at Rs. 254-256 per kg, depending on the grade.
Steel prices are affected by global market trends, currency exchange rates, raw material costs, government policies, and local construction demand. The PKR-USD exchange rate significantly impacts prices since 85% of Pakistan’s steel production relies on imported raw materials. Additionally, construction sector growth and infrastructure projects drive demand and pricing.
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