Steel Rate Today In India | TMT Steel Price Today

Steel is an indispensable material in India’s rapidly expanding construction industry. It is crucial in the country’s infrastructural development to build hospitals, schools, hotels, residences, offices, and shopping malls. Steel is widely favoured for its strength, durability, and versatility.

 

 

This blog will give you a detailed update on the latest steel prices across prominent steel brands in key Indian cities. Whether you are a contractor, builder, or someone keen on understanding the steel market, this post is valuable for staying updated on the current trends and prices of steel in different regions.

 

Steel Rates Per kg for Different Brands

The table below displays the price per kg for TMT steel bars of different sizes from major steel manufacturers in India. Please note the prices may vary from state to state due to delivery location and quantity. Here is a snapshot of the current steel prices:

 

Brand	8mm Steel Price	10mm Steel Price	12mm Steel Price	16mm Steel Price	20mm Steel Price	25mm Steel Price
Tata Tiscon	388	591	835	1485	2322	3619
Jindal Panther	388	591	835	1485	2321	3618
Birla TMT	260	395	565	1006	1575	2456
JSW Steel	391	594	837	1490	2328	3624
Kamdhenu (PAS 10000)	386	592	836	1488	2327	3632
SAIL	316.1	477.12	688.98	1222.88	1911.86	2988.14
Shyam Steel	388	590	834	1484	2320	3617
SRMB steel	353	541	762	1,360	2128	3,319
Radha TMT	382	596	841	1505	2350	3673
SEL Tiger TMT	395	611	874	1554	2428	3795

Note: Steel rates can change due to global demand and supply, raw material costs, geopolitical events, and economic policies. These elements collectively influence market prices and industry trends.

 

Steel Rates Per Tonne for Different Brands

The table below provides the steel prices per tonne for major steel manufacturers in India. Monitoring price fluctuations is crucial for effective budget management and market awareness. The steel bar prices mentioned do not include taxes. Prices may vary between states due to delivery location, quantity ordered, and other market conditions. Here is a summary of the current steel prices:

 

Brand	8mm Steel Price	10mm Steel Price	12mm Steel Price	16mm Steel Price	20mm Steel Price	25mm Steel Price
Tata Tiscon	85360	82740	83500	77220	48762	75999
Jindal Panther	85360	82740	83500	77220	48741	75978
Birla TMT	57200	55300	56500	52312	33075	51576
JSW Steel	86020	83160	83700	77480	48888	76104
Kamdhenu (PAS 10000)	84920	82880	83600	77376	48867	76272
SAIL	69542	66796.8	68898	63589.76	40149.06	62750.94
Shyam Steel	85360	82600	83400	77168	48720	75957
SRMB steel	77660	75740	76200	70720	44688	69699
Radha TMT	84040	83440	84100	78260	49350	77133
SEL Tiger TMT	86900	85540	87400	80808	50988	79695

 

Steel Rate for Different Products

The table below outlines the steel prices for various products, including TMT steel bars, from major manufacturers in India. The prices mentioned do not include taxes and can vary depending on delivery location, quantity ordered, and market conditions. Here is an overview of the current steel product prices:

 

Steel Products	Cost of steel per kg	Cost of steel per tonne	Cost of steel per pound
Steel Rebar	47.5	47,500	21.5
Wire Rod	46.3	46,300	21.0
Sections and Beams	45.8	45,800	20.8
Merchant Bar	48.2	48,200	21.9
Hot Rolled Coil	63.5	63,500	28.8
Hot Rolled Plate	65.0	65,000	29.5
Cold Rolled Coil	75.0	75,000	34.0
Hot Dipped Galvanized Coil	85.0	85,000	38.6

 

Steel Rate in Major Cities

The table below lists steel prices in some of India’s major cities, both with and without GST. This comparison helps us understand the price variations across different locations in India.

The above prices may differ from market rates and should be verified with local suppliers.

 

City	State	Steel Price Excl. GST (INR)	Steel Price Incl. GST (INR)
Bhavnagar	Gujarat	53,000	62,540
Chennai	Tamil Nadu	52,800	62,304
Delhi	Delhi	51,500	60,770
Durgapur	West Bengal	47,700	56,286
Ghaziabad	Uttar Pradesh	51,000	60,180
Nagpur	Maharashtra	50,300	59,354
Hyderabad	Telangana	50,000	59,000
Indore	Madhya Pradesh	52,000	61,360
Jaipur	Rajasthan	50,700	59,826

 

Factors Influencing Steel Rate in India

 

 

Steel prices in India are influenced by myriad factors that collectively shape the market dynamics. Here are some of the key factors impacting steel rates in the country:

Tracking steel rates provides insights into market trends and economic conditions, enabling stakeholders to make informed decisions.

Global Economic Trends:

The overall health of the global economy plays a role in steel pricing. Economic slowdowns reduce steel demand, leading to lower prices, while economic growth increases demand, driving prices up. Global economic events and trends, such as trade policies and international market conditions, also substantially affect steel prices​. The production and consumption of steel in the steel industry are indicators of economic development.

Raw Material Cost:

The cost of raw materials, specially iron ore and scrap metal, is a primary determinant of steel prices. Fluctuations in these costs, driven by geopolitical instability, supply chain disruptions, natural disasters, and can significantly impact the price of steel. The production costs of coking coal and other raw materials used in steel manufacturing also play a critical role​. Steel’s exceptional durability and resistance reduce maintenance costs and enhance its overall value as a building material.

Supply and Demand Dynamics:

The balance between supply and demand heavily influences steel prices. Overproduction or excess supply can lead to price reductions, while shortages or increased demand can drive prices higher. Monitoring production levels, inventory data, and consumption trends is essential for understanding these dynamics​​.

Geopolitical Factors:

Political stability in major steel-producing and consuming regions affects the steel market. Trade wars, sanctions, and political conflicts can disrupt supply chains, leading to price volatility. Regional policies and international trade agreements also influence the movement and pricing of steel​.

Transportation Costs:

The cost of transporting steel from production facilities to end users affects the final price. Variations in fuel prices, transportation infrastructure, and logistical challenges can all impact these costs. The mode of transportation (rail, road, sea) and the distance between the construction sites and production are crucial considerations​.

Government Policies and Regulations:

Import and export duties, tariffs, and other regulatory measures imposed by the government can influence steel prices. Policies that protect domestic industries, environmental regulations, and subsidies for raw materials or energy can all affect steel’s cost structure and pricing.​

 

Best TMT Bars in India Used by Top Contractors

 

 

Top contractors prefer using the best TMT steel bars for their projects due to their superior features, properties, and benefits. TMT steel bars are known for their exceptional strength, ductility, and corrosion resistance. Leading brands like TATA Tiscon, JSW Neosteel, and SAIL TMT are renowned for their high-quality TMT steel bars that meet stringent industry standards.

These bars make sure structural integrity and longevity, making them ideal for residential, commercial, and infrastructural developments. By opting for these top-tier TMT steel bars, contractors can ensure safety, durability, and reliability in their construction projects, providing excellent value for their investment.

 

Types of Steel Used in Construction by Top Contractors. 

Top contractors in India use various types of steel in their construction projects to ensure structural integrity and longevity. TMT stands for Thermomechanical Treatment, a specialised process used in modern metallurgy to produce durable and high-strength steel rods. Due to their high tensile flexibility and strength. TMT bars are the most commonly used type for reinforced concrete structures. Structural steel, such as I-beams and H-beams, is favoured for frameworks and large buildings for its load-bearing capacity.

Stainless steel is often selected for its corrosion resistance in environments exposed to moisture and chemicals. Additionally, contractors use mild steel for its flexibility and ease of fabrication in various applications like roofing and wall systems. These diverse steel types cater to specific needs, ensuring optimal performance in construction projects.

 

Conclusion

Staying informed about the latest steel prices is crucial for builders, contractors, and anyone involved in the construction industry. By understanding the factors influencing steel rates and comparing prices across different brands and cities, you can make informed decisions that make sure you get the best value for your investment. Whether you’re looking for high-quality TMT bars or different types of structural steel, this guide provides a comprehensive overview to help you navigate the steel market effectively. Always verify current prices with local suppliers to ensure you have the most accurate and up-to-date information.