Latest Steel Price in India: Daily Update on TMT Bar Rates & Steel Price Per Kg (June 2025)

 

Introduction: Current Trends in Steel Prices

In the rapidly evolving construction and manufacturing industry, keeping track of the steel rate today is crucial for cost estimation and project planning. With fluctuating market dynamics, steel price per kg, steel price today, and TMT bar price vary daily due to factors such as raw material availability, fuel prices, global demand, and domestic policies. As one of the most fundamental building materials, steel's price trends have a direct impact on infrastructure development and housing costs.

This article provides you with a detailed, daily-updated analysis of the steel rate today across different regions and types of steel including TMT bars, MS steel, and structural steel.

Steel Price Today in India – June 2025 Update

The steel price today across various Indian cities reflects slight volatility due to market corrections. Below is a breakdown of current prices:

Steel Type

Price per Kg (INR)

TMT Bar (Fe 500)

₹58 – ₹68

MS Steel

₹52 – ₹62

Structural Steel

₹60 – ₹72

Stainless Steel (304)

₹180 – ₹200

Scrap Steel

₹32 – ₹42

Prices may vary slightly depending on location, brand, and delivery terms. Bulk orders typically enjoy negotiated discounts.

TMT Bar Price in Major Indian Cities

TMT bars (Thermo Mechanically Treated) are critical in residential, commercial, and industrial construction. Here's the latest TMT bar price from key markets:

City

TMT Bar Price (per kg)

Delhi

₹64

Mumbai

₹66

Hyderabad

₹62

Chennai

₹63

Kolkata

₹61

Bangalore

₹65

Leading brands like Radha TMT, TATA Tiscon, JSW Neosteel, and SAIL may quote slightly higher due to quality assurance and brand value.

Factors Affecting Steel Price Per Kg

The steel price per kg isn’t random—it’s influenced by various factors, including:

1. Raw Material Cost

Iron ore and coal form the backbone of steel production. Any fluctuation in their prices has a cascading effect on the steel rate today.

2. Import-Export Policy

Changes in import duties or export bans significantly impact supply and demand dynamics, thus affecting the steel price per kg.

3. Fuel and Transportation

Fuel price hikes elevate logistics costs, which manufacturers eventually pass on to consumers. This raises the TMT bar price and general steel cost.

4. Seasonal Demand

Infrastructure projects peak during dry seasons, leading to increased demand for steel and higher steel rates.

5. Global Trends

Steel demand in international markets, especially China, USA, and Europe, plays a vital role in determining domestic steel prices.

Different Grades and Their Prices

Steel is not uniform. Different grades serve different purposes and come with unique pricing.

Mild Steel (MS)

Used for general-purpose fabrication and construction. Current MS steel price per kg is between ₹52–₹62.

TMT Bars

Fe-500 and Fe-550 are the most common. Higher grades like Fe-600 are costlier but provide enhanced strength. The TMT bar price varies based on grade and diameter.

Stainless Steel

Used in corrosion-resistant applications. The popular SS 304 grade ranges from ₹180 to ₹200 per kg.

Top Brands and Their Price Range

Radha TMT

Known for its superior ductility and corrosion resistance, Radha TMT offers bars priced around ₹64–₹66 per kg, depending on location and order volume.

TATA Tiscon

Premium quality steel with widespread availability. Prices range from ₹65–₹70 per kg.

JSW Neosteel

High-grade TMT with advanced rib pattern technology. Priced at ₹66–₹68 per kg.

Wholesale vs Retail Steel Prices

Buying in bulk often reduces the steel price per kg. Here’s how:

  • Retail Prices: Include warehousing, transport, and dealer margins.

  • Wholesale Prices: Ex-factory rates, ideal for builders and contractors.

You can save ₹2–₹5 per kg by purchasing directly from authorized distributors.

How to Check Live Steel Prices

To get accurate steel rate today, consider these sources:

  • Manufacturer Websites (e.g., SAIL, TATA, Radha TMT)

  • Construction Material Aggregators

  • Local Dealers & Traders

  • Mobile Apps for Real-Time Rates

  • Daily Market Bulletins

Ensure you verify pricing with GST and transport costs added for the most accurate quotation.

TMT Bar Weight and Price Calculator

TMT bar price also depends on bar diameter and weight. Here’s a sample weight chart:

Diameter (mm)

Weight (per meter in kg)

8

0.395

10

0.617

12

0.888

16

1.58

20

2.47

25

3.85

To calculate cost:
Total Price = Weight × Price per kg

Price Forecast for 2025

Based on market analysis and infrastructure push by the Indian government, steel prices are expected to remain steady with slight upward movement due to:

  • Government investments in infrastructure and housing

  • Stabilized raw material prices

  • Increased industrial output and demand

It is advisable to lock prices now for bulk procurement to hedge against future price rise.

Conclusion

Monitoring the steel price per kg, TMT bar price, and steel rate today is essential for smart decision-making in construction and manufacturing. By staying informed, buyers can secure the best prices and manage project budgets more efficiently. Regularly updated market insights help mitigate risks and optimize cost planning.

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