Iron rod, locally referred to as Saria, plays a fundamental role in constructing houses and buildings all over Pakistan. It comes in various sizes, denoted by sutar or millimetre, and enhances a structure’s load-bearing capacity, vertically and horizontally. The saria rate in Pakistan has experienced a significant increase in recent months and is subject to variation based on grade and dimension.

Before delving into the current price of saria in Pakistan, it is essential to highlight two commonly used grades of iron bars. Grade 40 is primarily used in wall construction, while Grade 60 is used for lintels.

Graana.com has gathered information on the Saria rate in Pakistan. 

Steel or Saria Rate Determinants in Pakistan

The Steel or saria rate in Pakistan is influenced by various factors. These factors include the costs of building materials in Pakistan and production and the domestic demand for steel. Additionally, the global market dynamics have a significant impact on the steel price in Pakistan, as it affects the overall steel prices worldwide.

Role of Pakistan Steel Mills (PSM)

The Pakistan Steel Mills (PSM) holds a prominent position as the largest steel producer in the country. Consequently, the PSM plays a pivotal role in setting the steel price in Pakistan. The prices are determined based on factors like raw material costs, production expenses, and the local demand for steel. Moreover, the global market conditions also factor into the pricing decisions made by PSM.

The steel and iron bar industry is important to Pakistan’s economy and contributes significantly to the country’s Gross Domestic Product (GDP). GDP is a crucial indicator of a nation’s economic output and strength.

In Pakistan, the steel iron bar industry plays a pivotal role in manufacturing diverse steel products, with steel iron bars being prominent examples. These bars find extensive use in the construction, manufacturing, and engineering sectors. As major contributors to Pakistan’s GDP, these industries play a vital role in fostering the country’s economic growth and development.

Government Involvement in Steel Pricing

The government’s intervention also affects the steel price in Pakistan. The government considers the global market scenario while setting the steel price in Pakistan. Overall, Pakistan’s steel or saria rate is influenced by a complex interplay of factors involving market forces, production costs, domestic demand, and global market conditions.

Saria Rate in Pakistan 2023

The following is the latest saria rate in Pakistan:

Different Saria Brand Rate List

Saria Rate in Pakistan

List of Steel Iron Bar Companies in Pakistan:

1. Pakistan Steel Mills Corporation
2. Agha Steel Industries
3. International Steels Limited
4. KSB Pumps
5. Millat Tractors
6. Pakistan State Oil
7. Sui Northern Gas Pipelines
8. Hascol Petroleum
9. Pakistan Oilfields
10. Pakistan Petroleum
11. Pakistan Refinery
12. Attock Refinery
13. National Refinery
14. Pakistan State Oil
15. Shell Pakistan

This compilation comprises prominent steel iron bar companies in Pakistan, encompassing large, renowned firms and smaller enterprises actively engaged in the industry. These companies specialise in manufacturing steel iron bars utilised in various applications, including construction, manufacturing, and engineering.

Their significant contributions to the economy involve employment generation and substantial support to the development of infrastructure and manufacturing sectors in the country.

Advantages of using steel

The following are the pros of using steel, a smart construction mateial:

Modulus of Elasticity

Steel exhibits a high modulus of elasticity, approximately 200 GPa (200 x 10⁹ N/m²). This exceptional elasticity allows steel to withstand heavy loads without fracturing, making it a reliable material for load-bearing structures.

Ductility

With its superior ductility, steel can deform and bend under significant loads without breaking, making it ideal for applications requiring flexibility and resilience.

Strength

Steel possesses exceptional strength, enabling it to handle substantial loads and provide structural integrity to buildings and other constructions.

Availability

Pakistan boasts a robust steel industry, ensuring ample availability of steel for various construction needs, and facilitating easy access to this essential material.

Disadvantages of using steel

The following are the cons of using steel:

Weight

One of the drawbacks of steel is its considerable weight, making it challenging to lift and move, especially in large quantities.

High Cost

Steel is relatively expensive as a construction material, adding to the overall cost of building houses and structures.

High Temperatures

While steel can endure elevated temperatures to some extent, it eventually melts at high temperatures. As temperature rises, steel’s strength decreases, and its modulus of elasticity gradually diminishes, affecting its performance under extreme heat conditions.

Conclusion

Steel is pivotal in various industries, and its price significantly impacts production costs. Multiple factors, including raw material costs, production expenses, domestic demand, and the global market influence the steel price in Pakistan. Understanding these factors is crucial for stakeholders to make informed decisions in the steel industry.

FAQs

Q1. What is steel?

A1. Steel is a widely used alloy composed primarily of iron and carbon. Its strength, durability, and corrosion resistance make it suitable for diverse applications.

Q2. How is the steel price in Pakistan determined?

A2. The steel price in Pakistan is determined by considering raw material costs, production expenses, domestic demand, and the global market scenario.

Q3. What are the factors affecting the steel price in Pakistan?

A3. Raw material costs, production expenses, domestic demand, and global market dynamics influence the steel price in Pakistan.

Q4. How does the cost of raw materials impact the steel price in Pakistan?

A4. The cost of raw materials is a critical factor influencing the steel price in Pakistan. It depends on the availability of raw materials, production costs, and domestic steel demand.

Q5. How does the global market affect the steel price in Pakistan?

A5. The global market plays a significant role in determining the steel price in Pakistan. It affects the cost of raw materials, production expenses, and the overall demand for steel in the country.

Q6. What is the current price of 1 ton of steel bars in Pakistan?

A6 The current price ranges from Rs. 280,000 to Rs. 295,000.

A7. How many kilograms (kg) are in 1 ton of Sarya?

A7 1 ton is equal to 1,000 kilograms (Kg).

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