Current Steel Market Price in India | Daily Iron & TMT Bar Rate

 In today’s dynamic construction and manufacturing sector, knowing the steel price today per kg, TMT bar rate today, and iron rate today is essential for planning, budgeting, and procurement. Whether you're a builder, contractor, supplier, or end-user, having real-time information about the steel price per ton, mild steel rate, or 12mm steel rod price today helps in making informed purchasing decisions. We provide the most accurate, updated, and detailed analysis of current steel market prices and future trends to support your material sourcing needs.

Latest Steel Price Today Per Kg (2025 Update)

The steel price today per kg in India varies based on grade, type, brand, and location. On average:

  • Mild Steel Price per Kg: ₹56 - ₹64

  • TMT Bar Price per Kg (Fe500/Fe550): ₹58 - ₹72

  • Structural Steel Rate: ₹60 - ₹75

  • Stainless Steel Rate per Kg (304 Grade): ₹180 - ₹240

These rates fluctuate daily due to raw material cost, fuel charges, demand-supply dynamics, and global metal market movements.

TMT Bar Rate Today – Updated Prices by Diameter

TMT bars are the backbone of reinforced concrete structures. The TMT bar rate today per kg is influenced by bar diameter, brand, and region. Below is an updated price range for various sizes:

TMT Bar Size

Average Price per Kg

Price per Ton (Approx)

8mm

₹60 - ₹66

₹60,000 - ₹66,000

10mm

₹59 - ₹65

₹59,000 - ₹65,000

12mm

₹58 - ₹64

₹58,000 - ₹64,000

16mm

₹57 - ₹63

₹57,000 - ₹63,000

20mm

₹56 - ₹62

₹56,000 - ₹62,000

25mm

₹55 - ₹61

₹55,000 - ₹61,000

Major TMT brands such as Radha TMT, Tata Tiscon, JSW Neosteel, and Vizag Steel are consistently preferred for their strength and corrosion resistance.

Iron Rate Today in India

The iron rate today for industrial and construction purposes also varies depending on type:

  • Pig Iron Price per Kg: ₹42 - ₹48

  • Sponge Iron Price per Kg: ₹30 - ₹36

  • Iron Scrap Rate per Kg: ₹28 - ₹34

  • Cast Iron Rate per Kg: ₹46 - ₹52

Iron prices are largely affected by global mining output, Indian steel plant demand, and infrastructure development projects.

Steel Price Per Ton – Market Average (India)

For large-scale procurement, buyers prefer checking the steel price per ton, as bulk purchase offers better per-unit pricing.

Type of Steel

Price per Ton (INR)

Mild Steel

₹58,000 - ₹64,000

TMT Bars (12mm Avg)

₹58,000 - ₹65,000

Structural Steel

₹60,000 - ₹72,000

Stainless Steel (304)

₹180,000 - ₹240,000

Please note that rates can vary by metro cities like Mumbai, Delhi, Hyderabad, Chennai, and Kolkata.

12mm Steel Rod Price Today – Most Used Size

The 12mm steel rod is the most commonly used bar in house construction. Its balance of strength and ease of handling makes it ideal for slabs and beams.

  • 12mm Radha TMT Bar Price: ₹58 - ₹63 per kg

  • 12mm JSW TMT Bar Price: ₹60 - ₹64 per kg

  • Price per Ton (12mm Rod): ₹58,000 - ₹64,000

It’s crucial to ensure proper BIS certification and brand reputation while purchasing.

Mild Steel Rate – Flat, Angle, Beam, Channel

Mild steel (MS) is used across industrial, automotive, and fabrication industries due to its low carbon content and ease of welding. Below is the current average mild steel rate:

  • MS Flat Price: ₹56 - ₹62 per kg

  • MS Angle Price: ₹58 - ₹64 per kg

  • MS Channel Rate: ₹59 - ₹66 per kg

  • MS Beam (I Beam): ₹60 - ₹68 per kg

These rates may vary based on size, thickness, and region.

Current Steel Market Price Trends (August 2025)

The current steel market price in India is witnessing moderate volatility due to multiple global and domestic factors:

  • Global Iron Ore Prices: China’s demand and Australian exports continue to impact pricing.

  • Logistics & Transportation: Fuel price hikes affect final delivery costs.

  • Government Projects: High demand due to infrastructure and housing schemes is keeping the steel market buoyant.

  • Monsoon Season: Temporary dip in demand in certain regions affecting local pricing.

Experts anticipate a slight upward trend toward the end of 2025 as mega projects resume full-scale operations post-monsoon.

Why TMT Bars Are the Smart Choice for Construction

Opting for TMT bars over conventional steel rods is a smart move due to:

  • Higher Yield Strength

  • Superior Ductility & Bendability

  • Earthquake Resistance

  • Corrosion Resistance

  • Longer Life Span

Always buy branded TMT bars like Radha TMT, Tata Tiscon, JSW, Kamdhenu, and Vizag for assured quality and BIS compliance.

Where to Buy Steel at Best Prices

To get the best deals on TMT bars, mild steel, and iron rods:

  • Contact local authorized dealers

  • Compare quotes from multiple suppliers

  • Look for bulk purchase discounts

  • Ensure delivery logistics and GST billing

Many online steel marketplaces now offer real-time price tracking and doorstep delivery services.

Final Words on Steel and Iron Rates

Monitoring the steel price today per kg, TMT bar rate today, and iron rate today empowers buyers and businesses to make smart procurement choices. With India's rapid infrastructure growth, staying updated with daily rates and industry trends gives a competitive edge to builders, contractors, and fabricators alike.

Always cross-check rates from trusted sources and verify the material quality before finalizing any order. Be it 12mm steel rod price today or bulk steel price per ton, informed buying can save lakhs in the long run.

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