Steel Prices in Jammu and Kashmir per kg/ton Today (2025)

In 2025 Jammu and Kashmir, with its growing construction activities, sees significant demand for steel products like TMT bars, galvanized steel, and structural steel. The current market trends are influenced by several factors, including transportation costs, local demand, and supply from both local and national manufacturers. Steel prices in the region are relatively stable but can fluctuate seasonally due to weather conditions that impact production and transportation.

Steel Price by Product

Category	Product	Grade	Price (₹/MT)
TMT Bars	Fe 500	10 mm	₹ 55,000
		12 mm	₹ 54,500
		16 mm	₹ 53,500
	Fe 550	10 mm	₹ 57,000
		12 mm	₹ 56,500
		16 mm	₹ 55,500
CR Coil	IS 513	1.2 mm	₹ 62,000
		3.0 mm	₹ 61,500
		4.5 mm	₹ 63,000
Structural Steel	H-Beams	Fe 450	₹ 60,500
		Fe 550	₹ 61,000

Prices vary based on product grade and sourcing location, with local TMT bars typically being more affordable than imported ones, thanks to lower transportation costs.

Steel Price Monthly Trend for 2024 - 2025

Month	TMT Bars (Fe 500)	CR Coil (IS 513)	H-Beams (Fe 450)	Average Price (₹/MT)
Jan-24	₹ 57,500	₹ 62,000	₹ 60,500	₹ 60,000
Feb-24	₹ 58,200	₹ 62,500	₹ 61,000	₹ 60,567
Mar-24	₹ 57,800	₹ 61,800	₹ 60,500	₹ 60,033
Apr-24	₹ 58,000	₹ 62,000	₹ 61,200	₹ 60,400
May-24	₹ 58,500	₹ 62,300	₹ 61,500	₹ 60,767
Jun-24	₹ 58,700	₹ 62,500	₹ 61,700	₹ 60,967
Jul-24	₹ 58,900	₹ 62,700	₹ 61,900	₹ 61,167
Aug-24	₹ 59,100	₹ 62,900	₹ 62,100	₹ 61,367
Sep-24	₹ 59,300	₹ 63,100	₹ 62,300	₹ 61,567
Oct-24	₹ 59,500	₹ 63,300	₹ 62,500	₹ 61,767
Nov-24	₹ 59,700	₹ 63,500	₹ 62,700	₹ 61,967
Dec-24	₹ 60,000	₹ 63,800	₹ 63,000	₹ 62,267
Jan-25	₹ 60,300	₹ 64,100	₹ 63,300	₹ 62,567

Steel Price Trend Over the Last 4 Years

Year	TMT Bars (Fe 500)	CR Coil (IS 513)	H-Beams (Fe 450)	Average Price (₹/MT)
2021	₹ 52,000	₹ 60,000	₹ 55,500	₹ 52,000
2022	₹ 54,500	₹ 61,000	₹ 57,000	₹ 54,500
2023	₹ 57,000	₹ 62,500	₹ 59,000	₹ 57,000
2024	₹ 58,200	₹ 63,000	₹ 61,200	₹ 58,200

The price of steel in Jammu and Kashmir has been on a consistent upward trend, with prices increasing annually due to rising raw material costs and increased demand from infrastructure projects.

Steel Price Predictions & Financial Forecasts

The steel market in Chandigarh is expected to experience gradual price increases in 2025, driven by a combination of rising demand, fluctuating raw material costs, and global market dynamics. Here’s a detailed breakdown of what to expect:

1. Market Demand & Infrastructure Development

• Urban Expansion: Chandigarh is seeing continuous growth in infrastructure projects, such as roads, commercial spaces, and residential buildings.

• Projected demand increase: 8-10% in 2025, spurred by government and private sector projects.

• Government Initiatives: Continued investments in urban and rural infrastructure will drive steel consumption.

• 30% growth in government spending on smart city projects is expected to push demand for construction steel.

2. Raw Material Cost Fluctuations

• Iron Ore Prices: The cost of iron ore, a primary component in steel production, is expected to rise modestly due to supply constraints and increasing global demand.

• Expected iron ore price increase: 3-5% in 2025.

• Coal Prices: Rising coal prices, crucial for steelmaking (blast furnace operations), will also exert upward pressure on steel prices.

• Coal price increase forecast: 5% in Q2 2025 due to energy market volatility.

3. Steel Price Trends

• Average Price Projections for TMT Bars:

• Fe 500 grade: Currently priced at around ₹58,200/MT, projected to rise to ₹60,000-₹62,000/MT by the end of 2025.

• CR Coil Prices:

• IS 513 grades: Expected to increase from ₹63,000/MT to ₹65,500/MT by Q4 2025.

4. Global Market Influences

• International Trade Policies: Any changes in international steel tariffs or trade agreements (particularly involving China and the US) could impact domestic steel prices in Chandigarh.

• Impact on pricing: 2-3% volatility expected depending on trade policies.

• Currency Exchange Rates: The rupee's performance against the dollar will affect import costs for raw materials, which could drive steel prices upward.

• Estimated price impact: ₹500-₹1,000/MT increase if the rupee weakens further.

5. Seasonal and Local Factors

• Seasonal Variations: Steel prices typically soften during the monsoon months (July-September) due to slower construction activities.

• Price dip expected: 1-2% reduction during these months, followed by recovery in Q4.

• Logistics and Transportation: Rising fuel costs will increase transportation expenses, particularly for materials brought in from neighbouring states.

• Logistics impact: ₹200-₹300/MT price addition due to transportation costs.

6. Financial Outlook & Recommendations

• Price Forecast for 2025: An average price rise of 5-7% is expected across all major steel products by the year-end.
• Investment Advice:

• Builders and contractors are advised to lock in long-term contracts early in 2025 to secure lower prices.
• Bulk procurement during off-peak seasons (July-August) could lead to savings of 2-3%.

How to Procure Steel at Low Prices in Jammu and Kashmir

Buy During Off-Peak Seasons: Steel prices tend to dip during the monsoon months (July-September) due to reduced construction activity. Bulk purchasing during this period can lead to savings of 2-3% as demand decreases.

Leverage Local Suppliers: Procuring steel from local manufacturers can reduce transportation costs significantly. Local suppliers often offer more competitive prices than national brands due to lower delivery expenses.

Negotiate Long-Term Contracts: Securing long-term contracts with suppliers, especially during low-demand periods, can help lock in lower prices and hedge against future price fluctuations. This is particularly effective in an inflationary market.

Monitor Market Trends and Plan Bulk Purchases: Keep track of market trends and make bulk purchases when prices show a downward trend. Using tools or apps to monitor real-time steel prices will ensure timely decisions.

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

In conclusion, procuring steel at the best prices in Jammu and Kashmir requires strategic planning, such as bulk purchases during off-peak seasons, leveraging local suppliers, and locking in long-term contracts. Monitoring market trends can also provide timely opportunities for cost-effective procurement. For businesses looking to simplify and optimize their steel procurement, Tata nexarc offers a reliable platform with transparent pricing, quality assurance, and seamless delivery, ensuring you get the best deals for your construction needs.

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.