Steel Rate Today – Daily Updated Steel Price Per Kg & TMT Bar Price in India

 Keeping track of the steel rate today is essential for anyone involved in construction, manufacturing, infrastructure, or real estate. Steel plays a pivotal role in the Indian economy, and its price is affected by a variety of domestic and global factors. In this guide, we provide a comprehensive and real-time overview of the steel price per kg, steel price today, and TMT bar price across various regions in India.

Steel Price Today in India – Updated July 2025

Understanding the steel price today helps buyers make informed decisions. Below is the current steel rate today across major steel product categories:

Steel Product

Steel Price Per Kg (INR)

TMT Bars (Fe 500D/550D)

₹56 – ₹63

Structural Steel

₹60 – ₹70

MS Plates

₹61 – ₹68

Hot Rolled Coil (HRC)

₹59 – ₹65

Cold Rolled Coil (CRC)

₹64 – ₹72

Binding Wire

₹66 – ₹73

Scrap Steel

₹31 – ₹38

These figures reflect average rates across India, though local variations apply based on demand, logistics, and brand.

TMT Bar Price Today – Region-Wise Analysis

TMT bar price is one of the most frequently searched and variable components in the steel industry. TMT bars are used in reinforced cement concrete (RCC) and are critical for residential, commercial, and industrial construction.

City

TMT Bar Price (Per Kg)

Delhi

₹59 – ₹62

Mumbai

₹60 – ₹64

Kolkata

₹56 – ₹60

Chennai

₹57 – ₹61

Hyderabad

₹58 – ₹63

Bangalore

₹59 – ₹64

Pune

₹60 – ₹65

Whether you’re constructing a building or planning bulk procurement, understanding the steel rate today and especially the TMT bar price is vital to budgeting and negotiation.

Steel Price Per Kg – Why It Matters

The steel price per kg is the base unit cost of any steel product and the most common way steel is sold in India. Whether you are purchasing TMT bars, coils, or plates, the steel price per kg defines your material cost.

As of July 2, 2025:

  • TMT bars: ₹56 to ₹63 per kg

  • HRC/CRC Coils: ₹59 to ₹72 per kg

  • MS Plates: ₹61 to ₹68 per kg

  • Scrap Steel: ₹31 to ₹38 per kg

Daily updates to the steel price today are critical to manufacturers, fabricators, and contractors who base entire project estimations on these metrics.

What Affects the Steel Rate Today?

1. Global Market Fluctuations

Prices of iron ore, coking coal, and scrap steel internationally heavily impact the steel rate today in India. Any volatility in China, the largest producer and consumer of steel, sends ripples across Indian markets.

2. Domestic Supply and Demand

Increased demand from the housing and infrastructure sectors raises the steel price per kg, especially for TMT bar price, which forms the core of most construction projects.

3. Transportation and Logistics

Fuel prices, rail freight charges, and distance from the manufacturing plant influence the final steel price today delivered to your city.

4. Brand and Quality

Premium brands like Tata Tiscon, JSW, and Radha TMT charge higher TMT bar prices because of their quality certifications, strength, and consistency.

Steel Rate Today – Brand-Wise TMT Bar Price

Brand

TMT Bar Price Per Kg

Tata Tiscon

₹63 – ₹66

JSW Neosteel

₹61 – ₹65

Radha TMT

₹58 – ₹62

Kamdhenu

₹56 – ₹60

SAIL

₹60 – ₹64

Jindal Panther

₹59 – ₹63

These TMT bar prices may vary from city to city and depending on whether you're purchasing retail or wholesale quantities.

Historical Steel Price Trend (2024–2025)

In the last year, the steel price per kg has seen periodic volatility:

  • Early 2024: Prices surged due to raw material shortages.

  • Mid 2024: Prices fell slightly as supply normalized.

  • Early 2025: Steel price today stabilized.

  • Mid 2025: Slight upward trend due to government infrastructure spending.

Expect the steel rate today to remain slightly bullish for the rest of 2025, particularly with increasing construction activity in urban centers.

Tips for Buyers – How to Optimize Your Steel Purchase

  1. Track Daily Steel Rate Today: Check reliable sources every morning before placing orders.

  2. Plan in Advance: Anticipate market trends and avoid buying when prices peak.

  3. Negotiate on Bulk: When buying large volumes, negotiate based on the TMT bar price and delivery timelines.

  4. Use Reputed Dealers: Avoid price manipulation by buying from authorized distributors only.

  5. Focus on Quality: Do not compromise on strength or flexibility for lower steel price per kg.

Conclusion: Why You Must Monitor the Steel Rate Today

Whether you're a contractor, supplier, trader, or individual buyer, the steel rate today affects your procurement, planning, and project cost. With volatile global markets and evolving infrastructure demands, having up-to-date data on steel price today, TMT bar price, and the steel price per kg ensures smart business decisions.

Stay informed, stay ahead.

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