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

As of 2024, steel prices in Bhopal reflect both domestic and global market forces, shaped by infrastructure demands and raw material costs. India's steady focus on infrastructure projects and regulatory shifts help stabilize domestic demand. Meanwhile, global steel prices experience moderate pressures due to environmental policies and softened demand in major markets like China, leading to nuanced price shifts in Bhopal.

Steel Price by Product

Category	Product	Grade	Price (₹/MT)
Long Product	TMT Rebars	Fe 500	₹ 58,000
		Fe 550	₹ 59,500
		Fe 600	₹ 61,000
Flat Product	HR Coils	IS 2062 E250	₹ 56,500
		IS 2062 E350	₹ 57,800
		IS 2062 E410	₹ 59,200
Structural	Steel Beams	300 Mpa	₹ 58,000
		350 Mpa	₹ 60,000
		450 Mpa	₹ 62,000
Pipes	MS Pipes	IS 1239, Class A	₹ 48,000
		IS 1239, Class B	₹ 49,000
		IS 1239, Class C	₹ 50,500

These prices are subject to periodic adjustments based on supply chain issues, policy changes, and raw material cost fluctuations.

Steel Price Monthly Trend for 2024-2025

Month	TMT Rebars (₹/MT)	HR Coils (₹/MT)	Steel Beams (₹/MT)	MS Pipes (₹/MT)
January	₹ 57,500	₹ 55,000	₹ 59,000	₹ 47,000
February	₹ 58,000	₹ 56,000	₹ 60,000	₹ 47,500
March	₹ 58,500	₹ 56,500	₹ 60,500	₹ 48,000
April	₹ 58,000	₹ 56,000	₹ 60,000	₹ 47,500
May	₹ 57,500	₹ 55,500	₹ 59,500	₹ 47,000
June	₹ 57,000	₹ 55,000	₹ 59,000	₹ 46,500
July	₹ 56,500	₹ 54,500	₹ 58,500	₹ 46,000
August	₹ 57,000	₹ 55,000	₹ 59,000	₹ 46,500
September	₹ 57,500	₹ 55,500	₹ 59,500	₹ 47,000
October	₹ 58,000	₹ 56,000	₹ 60,000	₹ 47,500
November	₹ 58,500	₹ 56,500	₹ 60,500	₹ 48,000
December	₹ 59,000	₹ 57,000	₹ 61,000	₹ 48,500
January 2025	₹ 59,500	₹ 57,500	₹ 61,500	₹ 49,000

Steel Price Trend Over the Last Four Years

Year	TMT Rebars (₹/MT)	HR Coils (₹/MT)	Steel Beams (₹/MT)	MS Pipes (₹/MT)
2021	₹ 50,000	₹ 48,500	₹ 51,000	₹ 49,000
2022	₹ 56,000	₹ 54,500	₹ 55,000	₹ 52,000
2023	₹ 60,000	₹ 58,000	₹ 59,500	₹ 57,000
2024	₹ 58,000	₹ 55,500	₹ 59,000	₹ 47,500

Steel Price Predictions & Financial Forecasts

Market Demand: Demand for steel in Bhopal is projected to increase by 5-6% in 2025, driven primarily by infrastructure development initiatives, including commercial and residential construction. Government spending on projects ahead of election cycles is expected to maintain moderate demand levels in the region.

Price Forecast: Average steel prices in Bhopal are expected to remain stable, with minor increases of 1-3% across various products. Predicted prices for 2025 include:

• TMT Rebars: Projected at ₹59,500 - ₹61,500 per MT.
• HR Coils: Anticipated to hover around ₹57,500 - ₹59,000 per MT.
• Steel Beams: Expected to average ₹61,500 - ₹63,000 per MT.
• MS Pipes: Likely to stay within ₹48,500 - ₹50,500 per MT.

Global Influences:

• Global steel prices are expected to stabilize or see minor reductions due to a decline in demand from large economies like China, as regulatory pressures on emissions continue to affect production. This has kept Chinese exports high, influencing domestic prices in India with increased supply availability.
• Export-import dynamics indicate India may continue as a net steel importer, affecting localized pricing pressures in Bhopal.

Raw Material Cost Impact: Prices of core materials like iron ore and coking coal are volatile, with expectations of a 2-3% increase in costs in 2025. Rising input costs could potentially add upward pressure on steel prices, particularly affecting long products like TMT bars.

Environmental Regulations: Tightened regulations for sustainable steel production are likely to increase compliance costs. Major producers may pass on a fraction of these expenses to consumers, which could cause a 1-2% rise in finished steel prices over the year.

Financial Impact on Industry:

• Industry operating profits may trend down by 1-2% due to squeezed margins as raw material costs increase faster than product price adjustments.
• Leverage across the steel sector in India is expected to increase from 2.0x to around 2.5x debt-to-operating-profit ratios, as producers continue with capital expenditure despite slower revenue growth.

Statistical Data Overview:

• Annual Growth Rate: Domestic steel demand in India projected at 7-8% for FY2025, stabilizing post-election spending periods.
• Export Growth: China’s exports to India grew by nearly 80% in FY2023, affecting domestic pricing stability.
• Price Stability: Expect a low single-digit growth for most products, with prices predicted to remain subdued amid balanced supply-demand

How to Procure Steel at a Low Price in Bhopal

Bulk Purchasing and Direct Supplier Negotiation: Buying steel in bulk can lead to significant discounts, as suppliers often provide reduced rates for large orders. Consider negotiating directly with manufacturers or distributors to bypass intermediary costs.

Timing Your Purchase Strategically: Prices tend to dip during off-peak seasons (e.g., monsoon months) or periods of low construction activity. Monitoring market trends and purchasing during these times can help secure lower prices.

Leveraging Long-Term Contracts: Establishing long-term procurement contracts with suppliers can lock in favourable pricing, especially if market prices are predicted to rise. Fixed-rate contracts can protect against price hikes and provide stable pricing over time.

Exploring Alternative Grades or Sources: Opting for alternative steel grades or less popular product sources can reduce costs. Evaluating product requirements and flexibility in grades can open doors to competitively priced alternatives without compromising on quality.

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

In 2025, Bhopal’s steel prices reflect a balance of steady demand, regulatory influences, and supply chain adjustments. For optimal procurement, strategic timing and direct supplier negotiations are key. Tata nexarc offers a valuable platform for small businesses, providing access to competitive pricing and reliable suppliers for steel products, including Steel Pipes. With nexarc’s support, businesses can efficiently manage their steel procurement needs, ensuring high-quality materials at reasonable prices to stay ahead in the market.

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.