The price of Saria per tonne in the local market has crossed Rs 3 lakh. Ceria is available in Iran at $555 per ton. Iranian steel is of high quality with 72000 psi while Pakistani steel is 68000 psi. 25 to 30 percent steel is used in the construction sector. Two years ago, the price of local iron ore was Rs 130,000 per tonne, which has now crossed Rs 300,000. The country has vast reserves of iron ore that can be tapped to meet local needs.
Today’s rate per kg in April 2023 in Pakistan
Since January, the price of surya has increased by Rs 73,000 per tonne. The price of saree has increased to Rs 3 lakh from Rs 227,000 and reached a record high. Iron ore prices in the country have continued to rise and especially this year so far it has increased by 73 thousand rupees per ton. Today in Pakistan iron rate per ton price of Saria per ton has increased by 73 thousand 80 thousand rupees.
Steel manufacturers have increased the price of steel by three and a half lakh rupees per ton, while the price of a sack of cement has also crossed one thousand rupees. The construction industry is already suffering from cost escalation and now the cost of basic raw materials will sink the construction industry.
25 to 30 percent of steel is used in the construction sector, two years ago the cost of steel was Rs 130,000 per tonne. Domestic steel industry is not making profit even with increasing steel prices.