MS Plate Price In Pakistan

MS plate, or mild steel plate, is a type of flat steel that is widely used for various purposes, such as construction, engineering, manufacturing, shipbuilding, and more . The price of ms plate in Pakistan depends on several factors, such as the supply and demand of the market, the production cost of the manufacturers, the import duty imposed by the government, the exchange rate of the currency, the inflation rate of the economy, and so on. 


According to the latest data from MWPBNP, one of the leading ms plate suppliers in Pakistan, the current price of ms plate in Pakistan ranges from PKR 85,000 to PKR 95,000 per ton . The purpose of this article is to provide a comprehensive and detailed overview of the ms plate price in Pakistan, covering its trends and fluctuations, quality and standards, products and services, and FAQs. By reading this article, you will be able to understand the factors that affect the price of ms plate in Pakistan, compare it with other countries or regions, learn about the benefits and features of ms plate products and services, and find some reliable and reputable ms plate suppliers in Pakistan.

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MS Plate Price in Pakistan: Trends and Fluctuations

The price of ms plate in Pakistan has experienced various trends and fluctuations over the years. The following chart shows the historical data of the price of ms plate in Pakistan from 2019 to 2023:

$$ \begin{array}{|c|c|} \hline \text{Year} & \text{Price (PKR/ton)} \ \hline 2019 & 75,000 \ \hline 2020 & 80,000 \ \hline 2021 & 90,000 \ \hline 2022 & 85,000 \ \hline 2023 & 95,000 \ \hline \end{array} $$

The price of ms plate in Pakistan is influenced by various causes and effects, such as:

  • Supply and demand: The demand for ms plate in Pakistan is mainly driven by the construction sector, which accounts for about 40% of the total steel consumption in the country. The supply of ms plate in Pakistan is mainly dependent on the domestic production capacity and the import volume from other countries. When the demand exceeds the supply, or vice versa, the price of ms plate in Pakistan changes accordingly.
  • Production cost: The production cost of ms plate in Pakistan includes the raw material cost, the energy cost, the labor cost, the transportation cost, and so on. The raw material cost is mainly determined by the price of iron ore and scrap metal in the international market. The energy cost is mainly affected by the price of electricity and gas in the domestic market. The labor cost is mainly influenced by the minimum wage and labor productivity in the country. The transportation cost is mainly related to the distance and mode of transportation between the manufacturers and the customers. When any of these costs increase or decrease, the price of ms plate in Pakistan changes accordingly.
  • Import duty: The import duty is a tax levied by the government on imported goods. The import duty on ms plate in Pakistan is currently 15% ad valorem. This means that for every PKR 100 worth of ms plate imported into Pakistan, PKR 15 is paid as import duty to the government. The import duty on ms plate in Pakistan affects both the supply and demand sides of the market. On one hand, it increases the production cost of domestic manufacturers who rely on imported raw materials or finished products. On the other hand, it decreases the competitiveness of foreign suppliers who have to pay higher prices to enter the Pakistani market. When the import duty on ms plate in Pakistan changes, either due to government policy or international trade agreements, the price of ms plate in Pakistan changes accordingly.
  • Exchange rate: The exchange rate is

the ratio at which one currency can be exchanged for another currency. The exchange rate of Pakistani rupee (PKR) against other currencies affects both the domestic and foreign markets for ms plate in Pakistan. On one hand, it affects the purchasing power of Pakistani customers who have to pay more or less PKR for buying ms plate products or services from other countries. On the other hand, it affects the profitability of Pakistani manufacturers who have to receive more or less PKR for selling ms plate products or services to other countries. When the exchange rate of PKR appreciates or depreciates, the price of ms plate in Pakistan changes accordingly.

  • Inflation: The inflation is the general increase in the prices of goods and services over time. The inflation rate of Pakistan affects the value of money and the cost of living in the country. When the inflation rate of Pakistan is high, the value of PKR decreases and the cost of living increases. This means that Pakistani customers have to pay more PKR for buying the same amount of ms plate products or services as before. This also means that Pakistani manufacturers have to pay more PKR for producing the same amount of ms plate products or services as before. When the inflation rate of Pakistan changes, the price of ms plate in Pakistan changes accordingly.

The price of ms plate in Pakistan also varies depending on the comparison with other countries or regions . According to the latest data from World Steel Prices, the average price of ms plate in Pakistan is USD 1,000 per ton, which is higher than the average price of ms plate in India (USD 800 per ton), China (USD 750 per ton), and Turkey (USD 700 per ton), but lower than the average price of ms plate in USA (USD 1,200 per ton), EU (USD 1,100 per ton), and Japan (USD 1,050 per ton). The difference in the price of ms plate in Pakistan and other countries or regions is mainly due to the difference in the factors mentioned above, such as supply and demand, production cost, import duty, exchange rate, inflation, etc. .

The iron and steel sector in Pakistan faces many challenges and opportunities in terms of the price of ms plate in Pakistan. Some of the challenges are:

  • Low domestic production capacity: The domestic production capacity of ms plate in Pakistan is insufficient to meet the growing demand of the market. According to the data from World Steel Association, the crude steel production of Pakistan was only 3.6 million tons in 2022, which ranked 46th in the world and accounted for only 0.2% of the global crude steel production. This means that Pakistan has to rely heavily on imports to fulfill its domestic demand for ms plate and other steel products.
  • High dependence on imports: The high dependence on imports exposes Pakistan to various risks and uncertainties in the international market. For instance, when there is a shortage or surplus of supply in the global market, or when there is a trade dispute or sanction between countries, the price and availability of ms plate and other steel products imported into Pakistan may be affected adversely.
  • Lack of innovation and technology: The lack of innovation and technology hinders the development and competitiveness of the iron and steel sector in Pakistan. For example, most of the domestic manufacturers use outdated and inefficient methods and equipment to produce ms plate and other steel products, which result in low quality, high cost, and high environmental impact. Moreover, most of the domestic manufacturers do not invest enough in research and development to improve their products and services or to create new ones.

Some of the opportunities are:

  • Growing demand from construction sector: The growing demand from construction sector provides a huge potential market for ms plate and other steel products in Pakistan. According to the data from World Bank, the construction sector contributed about 8.5% to the GDP of Pakistan in 2022, which was higher than the average contribution of 6.5% in South Asia. Moreover, according to the data from Oxford Economics, the construction output of Pakistan is expected to grow by 6.3% annually from 2023 to 2030, which is higher than

the global average growth rate of 3.6% annually. This means that there will be more demand for ms plate and other steel products for building infrastructure, housing, industrial zones, etc. in Pakistan.

  • Increasing support from government: The increasing support from government provides a favorable policy environment for ms plate and other steel products in Pakistan. For instance, the government has announced various initiatives and incentives to boost the iron and steel sector in Pakistan, such as reducing import duty on raw materials and machinery, providing tax relief and subsidies to domestic manufacturers, facilitating access to finance and land, promoting public-private partnerships, etc.
  • Improving quality and standards: The improving quality and standards enhance the reputation and competitiveness of ms plate and other steel products in Pakistan . For example, some of the domestic manufacturers have adopted international quality standards and certifications for their products and services, such as ISO 9001.

FAQs

  • What is ms plate?
    • MS plate, or mild steel plate, is a type of flat steel that is widely used for various purposes, such as construction, engineering, manufacturing, shipbuilding, and more .
  • How to buy ms plate in Pakistan?
    • To buy ms plate in Pakistan, you need to find a reliable and reputable ms plate supplier who can offer you quality products and services at competitive prices. You can search online for ms plate suppliers in Pakistan, or ask for recommendations from your friends or colleagues who have used ms plate products or services before. You can also contact the ms plate suppliers directly and ask for quotations, samples, delivery terms, payment methods, etc.
  • How big is a registration plate in Pakistan?
    • A registration plate in Pakistan is a metal or plastic plate that is attached to a vehicle and displays its registration number. The size of a registration plate in Pakistan varies depending on the type of vehicle. According to the National Highway Authority, the standard size of a registration plate for a car is 30.5 cm x 15.2 cm, for a motorcycle is 22.9 cm x 12.7 cm, and for a truck or bus is 40.6 cm x 20.3 cm.
  • Where to buy mild steel chequered plates in Pakistan?
    • Mild steel chequered plates are ms plates that have a pattern of raised or embossed squares on one side. They are used for flooring, staircases, ramps, platforms, etc. To buy mild steel chequered plates in Pakistan, you can visit the websites of some of the leading ms plate suppliers in Pakistan, such as MWPBNP, Al Farooq Build Mart, and Abdullah Steel. You can also contact them by phone or email and ask for their product details, prices, availability, etc.