Steel Prices in Gurugram per kg/ton Today (2025)

Steel prices in Gurugram have shown significant fluctuations throughout 2024 due to various market factors, including raw material costs and construction demand. Steel is crucial in Gurugram's construction and industrial projects, making it essential to monitor price trends closely. In this article, we'll break down the key aspects of steel pricing, focusing on different product categories, monthly trends, and predictions for the future.

Steel Price by Product

Category	Product	Grade	Price (₹/MT)
TMT Rebars	Fe 550D	6 mm	₹ 58,200
		8 mm	₹ 57,500
		10 mm	₹ 56,800
		12 mm	₹ 56,500
		16 mm	₹ 56,000
GI Pipes	Standard Quality	1 inch	₹ 74,800
		1.5 inch	₹ 75,200
		2 inch	₹ 76,000
MS Plates	8 mm thick	250 grade	₹ 68,200
	10 mm thick	250 grade	₹ 69,000
	12 mm thick	250 grade	₹ 70,500
Structural Steel	Angle	50x50 mm	₹ 65,000
		75x75 mm	₹ 66,500
	Channel	75x40 mm	₹ 68,200

Steel Price Monthly Trend for 2024 - 2025

Month	TMT Rebars (Fe 550D) (₹/MT)	GI Pipes (₹/MT)	MS Plates (₹/MT)
January	₹ 60,500	₹ 79,200	₹ 74,500
February	₹ 61,200	₹ 79,800	₹ 75,000
March	₹ 60,800	₹ 79,500	₹ 74,700
April	₹ 58,900	₹ 78,500	₹ 73,200
May	₹ 59,300	₹ 78,800	₹ 73,500
June	₹ 59,000	₹ 78,000	₹ 73,000
July	₹ 57,800	₹ 77,500	₹ 72,800
August	₹ 58,100	₹ 77,700	₹ 73,000
September	₹ 57,600	₹ 77,200	₹ 72,500
October	₹ 57,900	₹ 77,500	₹ 73,100
November	₹ 57,500	₹ 77,000	₹ 72,800
December	₹ 57,200	₹ 76,800	₹ 72,300
January 2025	₹ 57,000	₹ 76,500	₹ 72,300

Steel Price Last 4-Year Trend

Year	TMT Rebars (Fe 550D)	GI Pipes	MS Plates
2021	₹49,500/MT	₹72,000/MT	₹68,500/MT
2022	₹53,000/MT	₹75,500/MT	₹70,000/MT
2023	₹57,200/MT	₹77,000/MT	₹72,500/MT
2024	₹58,500/MT	₹78,000/MT	₹73,800/MT

Steel Price Predictions & Financial Forecasts

Market Growth & Demand:

• Steel demand in 2024: Expected to grow by 6-7%, driven by infrastructure projects, real estate, and government initiatives such as the Smart Cities Mission and highway expansion.
• Construction sector: A key driver, expected to contribute 8-10% of the growth in demand, particularly in Gurugram, a hub for real estate and industrial developments.

Global Impact on Pricing:

• Raw material volatility: Fluctuations in the prices of iron ore and coking coal, both essential raw materials for steel, have a significant impact. In 2024, global iron ore prices ranged from $90 to $110 per ton, influencing the rise in steel production costs.
• China’s influence: China’s control of nearly 50% of the global steel supply means any shifts in its output or export policies affect global prices. In 2024, China reduced its steel exports by 12%, pushing prices upward internationally.

Statistical Analysis:

• Steel Price in Gurugram:

• Average price: ₹58,000/MT, with a deviation of ±5% based on monthly trends.
• Expected price by mid-2025: ₹57,000-₹60,000/MT, considering the steady demand and potential global supply chain shifts.

• Price drivers:

• Rupee depreciation: Impacting import costs of raw materials, leading to an expected 3-4% price increase.
• Freight costs: A 10% increase in transportation costs due to fuel prices is expected to raise steel prices in Gurugram by ₹1,500-₹2,000 per MT.

Financial Forecast for 2025:

• Steel prices are projected to stabilize between ₹55,000 and ₹59,000 per MT, with minor fluctuations influenced by global economic recovery post-2024. The moderation in coking coal prices and consistent demand will likely keep prices steady.

Key Predictions:

• Short-term fluctuation (next 6 months): Prices could dip by 2-3% in Q1 2025 due to decreased demand post-festive season but are expected to rise again with resumed construction projects in mid-2025.
• Long-term stability: By 2026, prices are likely to hover around ₹60,000/MT as India’s domestic production ramps up, reducing reliance on imports.

How to Procure Steel at Low Prices in Gurugram

To secure steel at competitive prices in Gurugram, consider the following strategies:

• Bulk Buying: Larger orders often attract better pricing from suppliers.
• Timing Purchases: Monitoring the market and purchasing during low-demand periods can result in better deals.
• Direct from Manufacturers: Establishing relationships with manufacturers like Jindal Panther or Tata Steel can offer reduced prices compared to middlemen.
• E-auctions and Online Platforms: Utilizing platforms such as SteelOnClick can also provide transparent pricing and competitive offers in real time.

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

Steel prices in Gurugram reflect broader market trends, with fluctuations influenced by raw material costs and construction demand. By staying informed and leveraging procurement strategies, buyers can secure competitive rates. Platforms like Tata nexarc simplify this process by offering tools and resources tailored for businesses, making it easier to monitor prices and connect with trusted suppliers. Whether you're a small business or a large-scale buyer, Tata nexarc helps optimize your sourcing strategy, ensuring better margins and efficient procurement.

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.