Steel Price Per Kg Today
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 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 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.
Steel Price Per Kg Today
The following are TMT Steel Price Per Kg Today,
8 mm Steel Price Today (Fe 500)
|Brands||8 mm||10 mm||12 mm||16 mm||20 mm||25 mm|
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 Bar||Length||Unit Weight|
|8 mm||1 m||0.395 kg/m|
|10 mm||1 m||0.610 kg/m|
|12 mm||1 m||0.89 kg/m|
|16 mm||1 m||1.58 kg/m|
|20 mm||1 m||2.46 kg/m|
|25 mm||1 m||3.87 kg/m|
|32 mm||1 m||6.32 kg/m|
|40 mm||1 m||9.87 kg/m|
List of Best Steel Brands In India
Many companies manufactured different grades of steel. Some of the best steel brands for construction in India are listed and explained below,
- Tata Steel
- JSW Steel Ltd.
- Steel Authority of India Limited (SAIL)
- Essar Steel Ltd.
- Shyam Steel Industries Ltd.
- Jindal Steel and Power Ltd.
- VISA Steel
- SRMB Steel
- Mesco Steel
- Kamdhenu Steel
Read More: Best Steel Brands In India For Construction
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