Steel rate today in India

Current steel prices in India range from ₹77-₹88 per kg for TMT bars, with premium brands like Tata Tiscon and JSW commanding higher rates. Steel prices opened at ₹40,120 per ton today with a 0.25% uptick, while city-wise variations show Mumbai at ₹84.5/kg and Delhi at ₹85.5/kg.

Steel prices change daily. You need accurate rates to plan purchases. Different brands charge different prices. Cities have varying rates. International markets affect local pricing. These challenges make steel buying complex.

1. Steel Rate Today in India – Live Updates

1.1 Current Steel Prices (Real-time Dashboard)

Today’s steel market shows mixed signals. Steel prices opened at Rs.40,120.00 per ton, witnessing an inclining trend of 0.25%. TMT bars dominate construction demand.

Major price points for today:

TMT Fe 500: ₹77-₹86 per kg
TMT Fe 415: ₹74-₹82 per kg
TMT Fe 550: ₹79-₹88 per kg

Steel Grade	Price Range (₹/kg)	Market Trend	Daily Change
Fe 415 TMT	₹74-₹82	Stable	+0.15%
Fe 500 TMT	₹77-₹86	Rising	+0.25%
Fe 550 TMT	₹79-₹88	Rising	+0.30%

1.2 Daily Price Changes & Trends

Steel rates fluctuate based on raw material costs. Iron ore prices drive major changes. Coal costs affect production expenses. Global demand influences local rates.

Steel prices in India have witnessed steep fluctuations over the last few months, with cost rising by over 5% in February 2024. Market experts predict continued volatility.

1.3 Regional Price Variations

In major Indian cities, Chennai and Hyderabad reached 66 rupees per kilogram for 16mm steel bars, while Delhi steel was slightly more affordable. Transportation costs create price gaps.

Regional factors affecting prices:

Local demand-supply balance
Transportation costs from mills
State-specific taxes and levies
Regional dealer margins

1.4 Price Alert Setup

Smart buyers track price movements. Set alerts for target prices. Monitor brand-specific rates. Track seasonal patterns for optimal timing.

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2. TMT Steel Price Per Kg – Brand Comparison

2.1 Top TMT Brands Price Analysis

2.1.1 TATA Tiscon Rates

Tata Tiscon leads premium steel segment. Quality comes at higher prices. Brand trust justifies premium rates.

Size (mm)	Price per kg (₹)	Grade	Applications
6mm	₹86.29	Fe 500	Light construction
8mm	₹86.29	Fe 500	Residential slabs
10mm	₹84.42	Fe 500	Beam reinforcement
12mm	₹83.15	Fe 500	Column construction
16mm	₹83.19	Fe 500	Heavy structures
20mm	₹83.23	Fe 500	Industrial projects
25mm	₹83.02	Fe 500	Bridge construction

2.1.2 JSW Neosteel Prices

JSW offers competitive pricing. Quality matches industry standards. Wide distribution network ensures availability.

Current JSW rates align with market trends. Premium grades command higher prices. Bulk buyers get attractive discounts.

2.1.3 Jindal Panther Rates

Jindal Panther TMT bars per kg today varies depending on grade and region, typically ranging between ₹69 to ₹75 per kg. Competitive positioning attracts cost-conscious buyers.

Size (mm)	Price per kg (₹)	Grade	Market Position
8mm	₹84.82	Fe 500	Mid-premium
10mm	₹82.79	Fe 500	Competitive
12mm	₹81.94	Fe 500	Value-focused
16mm	₹81.87	Fe 500	Cost-effective
20mm	₹81.90	Fe 500	Budget-friendly
25mm	₹81.70	Fe 500	Economical

2.1.4 SAIL TMT Prices

SAIL provides government-backed quality assurance. Competitive pricing for public projects. Reliable supply chain across India.

SAIL TMT prices offer potential material savings of up to 5%, translating to ₹30,000-₹40,000 savings for 10 tons. Government projects prefer SAIL products.

Size (mm)	Price per kg (₹)	Savings vs Premium	Project Suitability
8mm	₹79.97	₹6.32	Government projects
10mm	₹78.22	₹6.20	Public infrastructure
12mm	₹77.61	₹5.54	Affordable housing
16mm	₹77.43	₹5.76	Mass construction
20mm	₹77.73	₹5.50	Industrial development
25mm	₹77.71	₹5.31	Large-scale projects

2.1.5 Kamdhenu Rates

Kamdhenu targets value-conscious customers. Quality meets construction standards. Regional presence ensures local support.

Kamdhenu rates stay competitive. Brand focuses on tier-2 and tier-3 markets. Distribution network covers rural areas effectively.

2.2 Grade-wise Price Comparison (Fe 415, Fe 500, Fe 550)

Steel grades determine structural strength. Fe 415 suits basic construction. Fe 500 handles medium loads. Fe 550 supports heavy structures.

Grade	Yield Strength	Price Range (₹/kg)	Applications	Price Premium
Fe 415	415 N/mm²	₹74-₹82	Residential	Base price
Fe 500	500 N/mm²	₹77-₹86	Commercial	+4-5%
Fe 550	550 N/mm²	₹79-₹88	Industrial	+6-8%

2.3 Size-wise Rate Analysis (6mm to 32mm)

Smaller diameters cost more per kg. Manufacturing complexity affects pricing. Market demand influences size-specific rates.

Average steel price per kg today in India for 6mm bar is ₹40 per kg, 8mm – ₹42 per kg, 12mm – ₹46 per kg. Note: These appear to be base rates excluding brand premiums.

Diameter	Weight (kg/m)	Price per kg (₹)	Price per meter (₹)	Common Uses
6mm	0.222	₹86-₹89	₹19-₹20	Stirrups, ties
8mm	0.395	₹84-₹87	₹33-₹34	Light slabs
10mm	0.617	₹82-₹85	₹51-₹52	Beam reinforcement
12mm	0.888	₹81-₹84	₹72-₹75	Column bars
16mm	1.578	₹81-₹84	₹128-₹133	Main reinforcement
20mm	2.466	₹81-₹84	₹200-₹207	Heavy columns
25mm	3.853	₹81-₹84	₹312-₹324	Bridge construction
32mm	6.313	₹80-₹83	₹505-₹524	Industrial structures

3. Steel Price Calculator & Tools

3.1 Advanced Steel Rate Calculator

Calculate steel requirements accurately. Factor in waste percentages. Include transportation costs. Add GST calculations.

3.2 GST Calculator for Steel Purchase

GST rates affect final prices. Calculate tax implications. Compare pre and post-GST costs. Factor in input tax credits.

Current GST rates:

TMT bars: 18%
Structural steel: 18%
Stainless steel: 18%

3.3 Bulk Purchase Cost Estimator

Volume discounts reduce per-unit costs. Transportation becomes economical. Storage costs need consideration.

Quantity (MT)	Discount %	Savings per ton (₹)	Additional Benefits
5-10 MT	2-3%	₹1,600-₹2,400	Free delivery
10-25 MT	3-5%	₹2,400-₹4,000	Extended payment
25-50 MT	5-7%	₹4,000-₹5,600	Price lock option
50+ MT	7-10%	₹5,600-₹8,000	Custom fabrication

3.4 Construction Project Steel Calculator

Estimate total steel requirements. Calculate load-bearing needs. Factor in safety margins. Include reinforcement specifications.

3.5 Weight to Price Converter

Convert between different measurement units. Calculate costs per meter vs per kg. Handle different steel shapes and sections.

4. Market Analysis & Trends

4.1 Current Market Conditions

India’s crude steel production has been growing steadily with 5% CAGR, scaling with demand across construction, manufacturing, aviation, automotive, railways and other sectors. Production capacity meets domestic demand.

Market drivers include:

Infrastructure investment boom
Real estate sector recovery
Industrial expansion plans
Government construction projects

4.2 Price Forecast & Predictions

Steel prices show cautious optimism. Raw material costs stabilizing. Global demand remains strong. Supply constraints ease gradually.

4.3 Historical Price Trends

Since July 2020, steel market price has been fluctuating, with FY21 witnessing a staggering 55% hike in steel rates. Prices reached historic highs before stabilizing.

Key historical milestones:

June 2021: TMT bars peaked at ₹56,000 per ton
2021: HRC touched ₹60,000 per ton (13-year high)
2024: 5-7% price increase in first half
2025: Moderate stability expected

4.4 Seasonal Price Patterns

Construction demand peaks during dry seasons. Monsoon months see reduced activity. Festival seasons affect pricing. Year-end projects drive demand.

4.5 Global Market Impact on Indian Prices

Steel rose to 3,269 CNY/T on July 25, 2025, up 0.34% from the previous day, with 10.85% monthly rise. Global trends influence domestic pricing.

International factors:

China’s production policies
Global iron ore prices
Shipping costs and logistics
Trade regulations and tariffs

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5. Factors Affecting Steel Prices

5.1 Raw Material Cost Impact

Iron ore prices drive steel costs. Coal availability affects production. Scrap steel rates influence recycling. Alloy costs impact special grades.

Key raw materials like coking coal fell from $457/ton (2022) to $130/ton (2023), stabilizing production costs. Material cost fluctuations create price volatility.

5.2 Government Policy Effects

Import duties protect domestic industry. Export incentives affect supply. Infrastructure spending drives demand. Environmental regulations impact production.

5.3 International Market Influence

Global steel trade affects pricing. Currency fluctuations impact costs. International demand creates competition. Trade wars disrupt supply chains.

5.4 Transportation & Logistics Costs

Distance from mills affects pricing. Fuel costs impact transportation. Infrastructure quality influences logistics. Regional connectivity varies pricing.

5.5 Demand-Supply Dynamics

Construction sector drives primary demand. Industrial growth creates secondary demand. Seasonal variations affect consumption. Inventory levels influence pricing.

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6. City-wise Steel Rates

6.1 Mumbai Steel Prices

Mumbai shows premium pricing due to high demand. Construction activity remains robust. Port connectivity aids imports.

Steel prices in Mumbai are expected to remain somewhat volatile, with moderate increases predicted for 2025. Commercial hub status drives consistent demand.

Current Mumbai rates:

TMT Fe 500: ₹84.5 per kg
Transportation: ₹500-800 per ton
Market trend: Stable with slight uptick

6.2 Delhi Steel Rates

Delhi benefits from proximity to northern mills. Government project demand stays high. NCR expansion drives consumption.

Average Delhi pricing:

TMT Fe 500: ₹85.5 per kg
Government projects: Prefer SAIL rates
Market characteristics: Competitive pricing

6.3 Bangalore Steel Prices

Bangalore’s IT boom fuels construction. Commercial projects drive demand. Southern mills provide competitive rates.

6.4 Chennai Steel Rates

Chennai steel bar prices reached 66 rupees per kilogram for 16mm bars. Port city advantages reduce import costs. Industrial demand remains steady.

6.5 Hyderabad Steel Prices

Hyderabad matches Chennai pricing levels. Pharma industry expansion drives demand. Government projects support market.

6.6 Kolkata Steel Rates

Kolkata benefits from eastern steel mills. Industrial heritage supports demand. Port connectivity aids trade.

6.7 Pune Steel Prices

Pune’s automotive industry creates specialized demand. IT sector expansion drives construction. Proximity to Mumbai affects pricing.

City	TMT Fe 500 (₹/kg)	Market Drivers	Transportation Cost
Mumbai	₹84.5	Commercial hub	₹500-800/ton
Delhi	₹85.5	Government projects	₹400-700/ton
Bangalore	₹84.25	IT sector growth	₹600-900/ton
Chennai	₹84.0	Industrial demand	₹500-800/ton
Hyderabad	₹84.0	Pharma expansion	₹600-900/ton
Kolkata	₹85.75	Traditional industry	₹400-600/ton
Pune	₹84.5	Automotive sector	₹300-500/ton

7. Steel Buying Guide

7.1 How to Buy Steel Online

Digital platforms simplify procurement. Compare prices across suppliers. Verify quality certifications. Check delivery terms carefully.

7.2 Authorized Dealers & Suppliers

Work with certified dealers only. Verify authorization documents. Check reputation and reviews. Ensure proper billing practices.

7.3 Bulk Purchase Guidelines

Plan quantities accurately. Negotiate payment terms. Arrange adequate storage. Consider seasonal timing.

Bulk buying checklist:

Quality specifications verification
Delivery schedule coordination
Payment terms negotiation
Storage arrangement confirmation

7.4 Quality Verification Tips

Check BIS certification marks. Verify test certificates. Inspect physical appearance. Test sample pieces if needed.

7.5 Best Time to Buy Steel

Monitor seasonal patterns. Track price trends. Consider project timelines. Plan for storage requirements.

Optimal buying windows:

Post-monsoon: October-November
Year-end: December-January
Pre-summer: February-March
Market corrections: During price dips

8. Steel Types & Specifications

8.1 TMT Bars Complete Guide

TMT (Thermo-Mechanically Treated) bars offer superior strength. Heat treatment creates tough exterior. Soft core provides ductility.

TMT advantages:

Higher strength-to-weight ratio
Better earthquake resistance
Superior weldability
Excellent ductility
Corrosion resistance

8.2 Mild Steel Properties & Uses

Mild steel provides basic strength. Cost-effective for general applications. Easy to work and weld. Limited load-bearing capacity.

8.3 Carbon Steel Specifications

Carbon content determines strength. Higher carbon increases hardness. Heat treatment improves properties. Applications vary by grade.

8.4 Stainless Steel Grades

Stainless steel contains minimum 10.5% chromium, providing excellent corrosion resistance. Premium pricing reflects superior properties.

Common stainless grades:

304: General purpose applications
316: Marine and chemical environments
430: Decorative applications
410: Cutlery and tools

8.5 Structural Steel Options

Structural steel supports building frameworks. Standard sections include beams and channels. Custom fabrication available for special needs.

9. Industry News & Updates

9.1 Latest Steel Industry News

Steel sector shows resilience despite challenges. Technology adoption improves efficiency. Sustainability initiatives gain momentum.

9.2 Government Policy Updates

Infrastructure investment continues growing. Make in India supports domestic production. Environmental norms tighten gradually.

9.3 Market Analysis Reports

Data Integration Opportunity: Include links to latest industry reports from CII, FICCI, and leading research firms.

9.4 Import-Export Data

Steel exports remain competitive globally. Import duties protect domestic industry. Trade balance shows positive trends.

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10. FAQ & Resources

10.1 Frequently Asked Questions

Steel rates range from ₹77-₹88 per kg for TMT bars, depending on brand, grade, and location. Premium brands like Tata Tiscon command higher prices while SAIL offers competitive government-backed rates.

Fe 500 grade TMT bars are ideal for residential projects, offering excellent strength-to-cost ratio. They provide adequate load-bearing capacity for 2-4 story buildings while maintaining cost effectiveness.

City-wise variations range from ₹84-₹86 per kg, with Mumbai at ₹84.5/kg and Delhi at ₹85.5/kg. Transportation costs, local demand, and proximity to steel mills create these regional differences.

Post-monsoon (October-November) and pre-summer (February-March) periods typically offer better prices. Monitor seasonal patterns and market corrections for optimal buying opportunities.

Check BIS certification marks, verify test certificates, inspect physical appearance for cracks or rust, and test sample pieces. Work only with authorized dealers who provide proper documentation.

Raw material costs (iron ore, coal), global demand-supply, currency fluctuations, government policies, seasonal construction activity, and international market trends drive daily price movements.

Bulk purchases of 10+ tons typically save 3-5% (₹2,400-₹4,000 per ton), while 50+ ton orders can achieve 7-10% savings (₹5,600-₹8,000 per ton) plus additional benefits like free delivery.

Fe 415 (415 N/mm² yield strength) suits basic construction, Fe 500 (500 N/mm²) handles medium loads for commercial projects, and Fe 550 (550 N/mm²) supports heavy industrial structures with 6-8% price premium.

10.2 Steel Rate APIs for Developers

10.3 Mobile App Download

Access real-time prices on mobile devices. Set price alerts for target rates. Compare brands and locations. Track market trends.
10.4 Contact Information

Connect with verified suppliers. Get expert consultation. Access bulk purchase support. Receive market insights.