Steel Prices in Vishakhapatnam (VIZAG) per kg/ton Today (2025)

Vishakhapatnam, known for its strong presence in the steel manufacturing industry, hosts Vizag Steel Plant (RINL), a leading supplier renowned for its high-quality steel products. The demand for steel products in vizag spans various industries, from construction to manufacturing, driven by competitive pricing and robust availability. The dynamic steel market in Vizag aligns closely with global and regional price fluctuations, making it essential for businesses to stay updated on current rates in 2025.

Steel Price by Product in Vizag

Category	Product	Grade	Price (₹/MT)
TMT Bars	8mm	Fe 500D	₹ 76,000
		Fe 550D	₹ 76,500
	10mm	Fe 500	₹ 74,500
		Fe 550D	₹ 75,000
	12mm	Fe 500	₹ 74,000
		Fe 550D	₹ 74,800
	16mm	Fe 500	₹ 74,000
		Fe 550D	₹ 75,200
Structural	Beam	A36	₹ 65,000
		Fe 410	₹ 66,200
Wire Rods	6mm	IS 2830	₹ 77,000
		Fe 550	₹ 77,500

The table below highlights current prices for some of the most widely used steel products from Vizag Steel Plant, expressed in ₹/MT.

Steel Price Monthly Trend for 2024 - 2025

Month	TMT Bars (₹/MT)	Structural Beams (₹/MT)	Wire Rods (₹/MT)
January	₹ 73,000	₹ 65,500	₹ 77,000
February	₹ 74,500	₹ 66,000	₹ 78,000
March	₹ 75,200	₹ 66,500	₹ 78,500
April	₹ 76,000	₹ 67,000	₹ 79,000
May	₹ 76,500	₹ 67,200	₹ 79,500
June	₹ 75,000	₹ 66,800	₹ 78,700
July	₹ 74,800	₹ 66,400	₹ 78,300
August	₹ 74,000	₹ 66,200	₹ 78,000
September	₹ 73,500	₹ 65,800	₹ 77,800
October	₹ 73,000	₹ 65,500	₹ 77,500
November	₹ 72,500	₹ 65,000	₹ 77,000
December	₹ 72,000	₹ 64,800	₹ 76,800
January 2025	₹ 72,500	₹ 65,000	₹ 77,000

This table reflects a general softening in prices post-mid-year, influenced by shifts in demand and production rates

Steel Price Trend Over the Last Four Years

Year	TMT Bars (8mm, Fe 500)	Structural Beam (A36)	Wire Rods (6mm, IS 2830)
2021	₹ 68,000	₹ 67,000	₹ 68,500
2022	₹ 70,500	₹ 69,000	₹ 71,000
2023	₹ 72,000	₹ 71,500	₹ 72,200
2024	₹ 73,500	₹ 72,500	₹ 73,000

The data indicate a gradual increase over the years, with global steel demand and raw material costs as primary contributors

Steel Price Predictions & Financial Forecasts for Vizag

Market Overview and Demand Drivers

• 2024 steel prices in Vizag have shown slight increases due to rising construction activities, government infrastructure initiatives, and heightened demand across sectors like real estate, automotive, and industrial manufacturing.
• Projected Demand Growth: Analysts forecast a 3-5% increase in demand for structural and TMT steel products due to India’s infrastructure push and policies supporting local manufacturing.

Global and Domestic Price Influencers

• Iron Ore and Coal Prices: As core inputs, iron ore prices are forecasted to maintain high levels due to global supply constraints, affecting production costs. Indian iron ore prices saw a 4% increase in the last quarter.
• Energy Costs: Rising energy prices globally impact production costs significantly. For 2025, energy expenses for Vizag’s steel plants are estimated to grow by 2-3%, contributing to higher final product prices.
• Exchange Rate Volatility: With the Indian Rupee’s recent depreciation, imported raw materials become costlier, further driving up production costs.

Financial Data and Expected Price Range for 2025

• TMT Bars: Expected average price rise of 2-4% to approximately ₹75,000-76,500/MT in 2025.
• Structural Steel (Beams): Anticipated price range of ₹73,000-74,500/MT, influenced by sustained construction demand and stable supply chain costs.
• Wire Rods: Forecast to maintain a steady price around ₹77,500/MT, with potential increases if export demand for rods and coils from India remains strong.

Statistical and Numerical Insights

• Annual Price Growth Rate: From 2021 to 2024, the average growth rate in steel prices is around 2.5% annually, a trend expected to continue or increase slightly.
• Market Sentiment: Surveys indicate positive sentiment among large-scale buyers in manufacturing and construction, which may support price stability despite inflationary pressures.
• Supply Chain Impact: Logistics and transport costs, which comprise approximately 10% of steel prices, are expected to fluctuate in line with fuel price trends.

Sector-Wise Forecast Impact

• Construction: Driven by housing projects and government initiatives, demand is forecasted to increase by 5-7%.
• Automotive Sector: Demand for high-strength steel is expected to grow, adding pressure on domestic supplies and potentially elevating prices by 1-2% over the current average.

How to Procure Steel at Low Prices in Vizag

To achieve lower procurement costs, buyers are advised to:

• Buy in Bulk: Larger quantities often result in discounts.
• Monitor Market Trends: Purchase during periods of price dips or off-peak seasons.
• Leverage E-Auctions: Vizag Steel Plant and other suppliers frequently hold auctions for bulk buyers, which can offer competitive pricing.
• Build Supplier Relationships: Long-term partnerships with suppliers can lead to better rates and priority during high-demand periods

Unlock the power of credit to buy quality steel with Tata nexarc

In 2025, demand for TMT bars and steel pipes in Vizag is expected to grow, driven by infrastructure and industrial sectors. Steady market demand and cost factors will likely increase prices moderately, making strategic procurement essential. Tata nexarc is your partner in navigating the steel market effectively, providing small and medium businesses with reliable sourcing options and competitive rates for essential materials like TMT bars and steel pipes. Optimize your procurement with nexarc's comprehensive, industry-focused solutions to achieve cost efficiency and high quality.

Disclaimer: Prices are indicative and subject to change. Buyers are requested to contact our team at Tata nexarc for latest TMT bar price range available from different manufacturers, suppliers, wholesalers. For more details on TMT bar size and grade (e.g., Fe 415, Fe 500, Fe 550, Fe 600) get in touch now. GST + freight additional.