Steel Price Per Kg Today In India 2023

While constructing own house one of the important construction material is steel and it plays a vital role in the cost of construction. So, we must know the Steel Price Per Kg Today.

Steel is one of the most used construction materials and costly materials as steel price is high compared to others. No construction work can be completed without the use of steel. Steel bar reinforcement is used in concrete to provide its tensile strength as concrete is strong in compression and weak in tension force.

Steel Price Per Kg Today | TMT Steel Bars Price Today
Steel Price Today

Steel is supplied in form of rolled steel bars with various diameters as India Standard Specification.

The following is the list of steel bars diameter mostly used in India for construction work.

  • 8 mm
  • 10 mm
  • 12 mm
  • 16 mm
  • 20 mm
  • 25 mm
  • 32 mm
  • 40 mm
Steel Price Per Kg Today In India 2023
Different Dia of Steel Bars

Steel bars can be purchased from local material suppliers or you can order them directly from manufacturers of steel if you have big steel quantity requirements.

Read More: What Is Unit Weight of Steel | Unit Weight of Steel Bar Formula | Steel Unit Weight | How to Calculate Steel Bar Unit Weight

Steel Price Per Kg Today 2023

The following are TMT Steel Price Per Kg Today,

Steel Price Per Kg For Fe 500 Grade

Brands8 mm10 mm12 mm16 mm20 mm25 mm
TATA Tiscon73.3073.5573.5373.7473.9169.49
JSW Steel732.2770.1675.1975.1975.1975.19
A1 Gold63.6563.5863.6863.6864.6864.68
Ultra TMT65.5465.5464.2464.2464.2465.54
Tirupati TMT60.5060.5060.0060.0060.0059.95
Birla TMT74.0075.8075.8075.8075.8075.80

Steel Price Per Kg For Fe 415 Grade

Brands8 mm10 mm12 mm16 mm20 mm25 mm
TATA Tiscon68.3068.5568.5368.7469.9169.49
JSW Steel72.2772.1670.1970.1972.1972.19
A1 Gold57.6557.5857.6857.6857.6857.68
Ultra TMT62.5464.5463.2463.2463.2464.54
Tirupati TMT58.5058.5058.0058.0058.0058.95
Birla TMT69.0069.8069.8070.8070.8070.80

Steel Price Per Kg For Fe 250 Grade

Brands8 mm10 mm12 mm16 mm20 mm25 mm
TATA Tiscon65.3065.5565.5367.7470.9169.49
JSW Steel65.2765.1665.1966.1966.1966.19
A1 Gold58.6558.5858.6859.6859.6859.68
Ultra TMT61.5461.5461.2462.2462.2462.54
Tirupati TMT59.5059.5059.0059.0059.0059.95
Birla TMT62.0062.8062.8063.8063.8063.80

Price Of Different Steel Products

Steel ProductsCost of steel per KgCost of steel per tonneCost of steel per pound
Steel Rebar46.546500102.51
Wire Rod43.34530095.90
Sections and beams44.84480098.76
Merchant bar47.247200104.05
Hot rolled coil65.565500144.40
Hot rolled plate6464000141.09
Cold rolled coil7676000167.55
Hot dipped Galvanised coil8484000185.18

Factors Affecting Steel Bars Price

There are various factors that affect the steel bars price in the market according to that steel price varies,

Here are some of the factors that affect the pricing of TMT bars in the steel industry,

1. Demand and Supply of Steel

As we know the price or rate of any product in the market depends on its demand and supply rate. Similarly, the rate of steel bars also depends on this factor, as supply increases and demand decrease the rate of steel bars goes down.

And, if demand increases and supply is not sufficient to balance the demand then the price of steel definitely goes up in the market.

2. Cost of Raw Material and Availability

The cost of raw materials required for manufacturing is play important role in the steel price rate in the market. As raw materials prices increase in the market, the cost of manufacturing steel is also got increased. So, This higher cost of manufacturing affects the price of steel in the market.

Similarly, if the raw material is not available locally then the cost of transportation add the additional cost of manufacturing steel and ultimately to the steel price in the market.

3. Transportation and Distribution Costs

The cost of transportation and distribution plays important role in deciding steel price. Product is shipped from manufacturers to Suppliers and suppliers to local retail sellers. If the product is transported from a long distance then its cost will go up because the additional cost of transportation is added.

4. Cost of Energy and Power

The cost of energy and power used for manufacturing steel is one of the most important factors which affects the cost of steel bars in the market.

As we know that as oil prices in the market increased in the market the cost of power used for the manufacturing process also increase. This ultimately increases the cost of the final product in the market.

Weight of Different Diameter Steel Bars

The following table shows the unit weight of steel bars,

Dia of Steel BarLengthUnit Weight
8 mm1 m0.395 kg/m
10 mm1 m 0.610 kg/m
12 mm1 m 0.89 kg/m
16 mm1 m 1.58 kg/m
20 mm1 m 2.46 kg/m
25 mm1 m 3.87 kg/m
32 mm1 m 6.32 kg/m
40 mm1 m 9.87 kg/m
Unit Weight of Steel Bars

Steel Price Per Kg Today In India 2023
Unit Weight of Steel Bars

Different grades of steel bars in India

In India, steel bars are typically classified into different grades based on their composition, strength, and application. Here are some of the commonly used steel bar grades in India:

Fe 250: This grade of steel is commonly used in construction for reinforcement in concrete structures. It has a minimum yield strength of 250 N/mm2.

Fe 415: This grade of steel is also used in construction and has a minimum yield strength of 415 N/mm2. It is used in medium- to high-strength concrete structures.

Fe 500: This is a high-strength steel grade with a minimum yield strength of 500 N/mm2. It is used in the construction of high-rise buildings, bridges, and other structures that require high strength.

Fe 550: This is a higher-strength grade of steel with a minimum yield strength of 550 N/mm2. It is used in the construction of heavily loaded structures, such as nuclear power plants and dams.

Fe 600: This is an ultra-high-strength steel grade with a minimum yield strength of 600 N/mm2. It is used in specialized applications where extremely high strength is required.

These are some of the commonly used steel bar grades in India, and there may be other grades available based on the specific requirements of a project. The type of steel bar used in a project will depend on factors such as the load the structure will be subjected to, the type of concrete being used, and the size and shape of the structure.

List of Best Steel Brands In India 2023

Many companies manufactured different grades of steel. Some of the best steel brands for construction in India are listed and explained below,

  1. Tata Steel
  2. JSW Steel Ltd.
  3. Steel Authority of India Limited (SAIL)
  4. Essar Steel Ltd.
  5. Shyam Steel Industries Ltd.
  6. Jindal Steel and Power Ltd.
  7. VISA Steel
  8. SRMB Steel
  9. Electosteel
  10. Mesco Steel
  11. Kamdhenu Steel

Read More: Best Steel Brands In India For Construction

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3 thoughts on “Steel Price Per Kg Today In India 2023”

  1. dear Sir,

    what is the cost of 822SQFT of rcc chhat, which is best of steel we have purchase.?

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