Steel Rate Today in India – Complete Price Guide 2025
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
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.
