Latest Prices of Steel products in India

Any steel product that we use today is made from iron ore and recycled steel scrap. Finished steel products like TMT, HRC, CRC, GI sheets, Binding wires pipes, channals, angles beams etc are made from semi finished steel products like ingots and billets. These semi finished steel products inturn are made from ramaterial through a series of process from mining to extrusion.

Change in raw material and other steel prices are updated regularly here for your information and can help you identify the direction of price trends of finished products.

Average Steel Prices in India

Updated on Mon, 30-Aug-2021,(06:41 PM)

Note:

·         Price is derived by averaging the prices from major cities of ex-factory rates.

·         Rates given per Metric Ton (1000 Kg).

·         May vary across locations and across brands. So please check with your vendor for their delivery price. Prices are updated everyday.

Steel Price Chart

Chart of average price of various steelproducts in India. please select product from drop down list to view comparison charts.

                                             SpongeIronScrapIngotBilletTMTPipesAnglesChannalsBeamsWireRodBindingWireHRCCRCGIPaintedGI Vs                                                  -- Select a Product 2 --SpongeIronScrapIngotBilletTMTPipesAnglesChannalsBeamsWireRodBindingWireHRCCRCGIPaintedGI

Apr 112021Apr 25May 9May 23Jun 6Jun 20Jul 4Jul 18Aug 1Aug 15Aug 2928k28.5k29k29.5k30k30.5k31k

SpongeIron Rate10Day1MonthallSpongeIron Price Chart (Ex-GST)Price per ton in ₹

Latest TMT prices in major Indian cities today

Gobindgarh₹48,600 300Delhi₹46,800--Durgapur₹42,700-200Raipur₹44,400-100Jalna₹48,400-100Hyderabad₹46,700-500Chennai₹46,400--Bangalore₹46,100-400Goa₹46,600--Mumbai₹48,600--Ahmedabad₹49,300---Price UP-No Change-Price DownTMT Rebar PricesMon, 30-Aug-2021,(06:41 PM)SteelPrice.Today

Updated on Mon, 30-Aug-2021,(06:41 PM)

Note:

·         TMT Rebar grade is Fe500 and size of 12mm.

·         Rates given per Metric Ton (1000 Kg).

·         Prices may vary across locations and across brands. So please check with your vendor for their delivery price.

·         Prices given here are for your reference. We do not hold any responsibility for the profit or loss you may incur on your decisions.

·         Fe550 grade TMT rebars are approximately Rs.500 costlier than Fe500.

·         Fe500D grade TMT rebars are approximately Rs.800 costlier than Fe500.

·         Fe550D grade TMT rebars are approximately Rs.1,200 costlier compared to Fe500

·         Fe415 TMT rebars are not manufactured for commercial purposes anymore.

·         In most markets, TMT diameter of 12-25mm are maintained same rate and 8mm and 32 mm are costlier by 1000-1500.

TMT Price Chart

Chart of TMT Prices from Major cities in India. please select City from drop down list to plot a charts.

                                           -- Select a City --AhmedabadBangaloreChennaiDelhiDurgapurGoaGobindgarhHyderabadJalnaMumbaiRaigarghRaipurRourkela

Jun 62021Jun 20Jul 4Jul 18Aug 1Aug 15Aug 2945k46k47k48k49k

National Average10Day1MonthallNationalAverage TMT Price (Ex-GST)Price per ton in ₹

Current Market Condition

Published on 19-07-2021

The dynamics of steeel industy depends on various factors since steel is an unavoidable commodity of our daily life. Being an essential commodity, steel also has its part in controling the inflation. We track the most determining factors of steel and give you a short summary to keep you updated.

Highlights

While the rawmaterial costs are going up, the finished and semi-finished product prices are stable due to slow demand

Domestic Market 

·         Auto sector is back on track and Steel demand in Auto sector is picking up

·         Bacause of monsoon conditions across the nation, Steel demand in Construction sector is dull

·         From manufacturers to stockist, pile up of stock remains a major concern.

·         Government of India recently allowed import of Coal from Russia, which is expected to deduce coal price and per ton cost of steel manufacturing.

International Market 

·         Despite Chinese Government imposing tax for exporting steel, country recorded 23% increase in exports(of Steel) in the month of June

·         Market expects that Chinese government may impose fresh taxes on export and curbs on steel production to limit the Steel production within their target to meet their commitment on environment

·         Steel demand in China is stabilizing after a fast growth.

·         Crudeoil and Coal prices across the globe is witnessing a price hike.

·         Business analysts across the globe feel that the current bull run of iron ore may run till 2023. But warns that the price above $200 is not sustainable. Prices may hover between $100-$150.

What determines the price of steel products?

Steel prices are determined by its raw material, process inputs, shipping and handling factors since its a heavyweigh commodity to transport. Major factors that affect steel prices are supply of iron ore, scrap, alloying metals, fuel including crude oil, coal, electricity, supply and handling with shipping cost, container availability, port engagement, weather conditions that affect the mining activities, labor market, process inputs like Oxygen, LPG, furnace oil, international trade politics including import export restrictions, taxes, stimulus packages and economic policies. Industrial and infrastructure activities etc.