The average price of steel products across the country is listed below. Average of steel prices helps in eliminating the localized supply-demand factor and identify the sentiment and actual trend of prices.
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.
| Steel Product | Change Today | Ex GST Rate | GST Rate |
|---|---|---|---|
| Sponge Iron | 0 | 30,000 | 35,400 |
| Scrap (HMS) | 0 | 35,900 | 42,362 |
| Ingot | 0 | 43,500 | 51,330 |
| Billet | 0 | 43,800 | 51,684 |
| TMT Fe500 | 0 | 48,200 | 56,876 |
| Pipes | 0 | 50,700 | 59,826 |
| Angles 40x40 | 0 | 47,100 | 55,578 |
| Channal 75x40 | 0 | 46,600 | 54,988 |
| Beam 125x70 | 0 | 46,900 | 55,342 |
| WireRod 6mm | 0 | 46,300 | 54,634 |
| BindingWire 20g | 0 | 55,300 | 65,254 |
| CRC Sheet | 0 | 83,400 | 98,412 |
| HRC Sheet | 0 | 68,400 | 80,712 |
| GI Sheet | 0 | 88,400 | 1,04,312 |
| Painted GI Sheet | 0 | 93,800 | 1,10,684 |
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Chart of average price of various steelproducts in India. please select product from drop down list to view comparison charts.
Vs
Citywise TMT Prices |
|||
|---|---|---|---|
| City | Change Today | Ex GST Rate | GST Rate |
| National Average | 0 | 48,200 | 56,876 |
| Ahmedabad | 0 | 48,900 | 57,702 |
| Bangalore | 0 | 49,500 | 58,410 |
| Chennai | 0 | 51,200 | 60,416 |
| Delhi | 0 | 49,300 | 58,174 |
| Durgapur | 0 | 46,500 | 54,870 |
| Goa | 0 | 48,600 | 57,348 |
| Gobindgarh | 0 | 51,300 | 60,534 |
| Hyderabad | 0 | 47,800 | 56,404 |
| Jalna | 0 | 48,400 | 57,112 |
| Kolkata | 0 | 47,000 | 55,460 |
| Mumbai | 0 | 47,500 | 56,050 |
| Raigarh | 0 | 46,200 | 54,516 |
| Raipur | 0 | 46,200 | 54,516 |
| Rourkela | 0 | 46,600 | 54,988 |
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Chart of TMT Prices from Major cities in India. please select City from drop down list to plot a charts.
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.
Demand in the auto sector is expected to rise in the festival season in the second half wherein delivery is already waitlisted currently on account of production bottlenecks. Revival in the construction and real estate sectors is also visible. Therefore, there appears to be no compulsion on steel prices to come down in the near future
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.