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

The steel market in Indore has shown steady pricing trends influenced by demand, production costs, and fluctuations in raw material availability. This comprehensive overview will provide insights into various steel products available in Indore, including TMT bars and structural steel, with up-to-date data for 2025.

Steel Price by Product

Category	Product	Grade	Price (₹/MT)
TMT Bars	8 mm	Fe 500	₹ 75,200
		Fe 500D	₹ 75,800
	10 mm	Fe 500	₹ 74,500
		Fe 500D	₹ 75,000
	12 mm	Fe 500	₹ 74,000
		Fe 500D	₹ 74,500
	16 mm	Fe 500	₹ 73,800
		Fe 500D	₹ 74,200
	20 mm	Fe 500	₹ 73,000
		Fe 500D	₹ 73,500
Structural Steel	MS Angles	Standard	₹ 61,360
	Channels	Standard	₹ 62,500
	Beams	Standard	₹ 63,200
	H Beams	Standard	₹ 64,000
	I Beams	Standard	₹ 64,500
Mild Steel Plates	5 mm thickness	MS Grade	₹ 58,000
	8 mm thickness	MS Grade	₹ 60,200
Mild Steel Pipes	½ inch (Schedule 40)	MS Grade	₹ 65,500
	1 inch (Schedule 40)	MS Grade	₹ 66,000

These prices are dynamic, often fluctuating based on supply chain conditions and seasonal construction demand and offer a general benchmark for bulk purchases in the region.

Monthly Steel Price Trend for 2024 - 2025

Month	TMT Bars 10mm (₹/MT)	TMT Bars 20mm (₹/MT)	MS Angles (₹/MT)	Channels (₹/MT)
January	₹ 60,200	₹ 59,800	₹ 60,500	₹ 61,000
February	₹ 61,000	₹ 60,500	₹ 61,200	₹ 61,700
March	₹ 61,750	₹ 61,300	₹ 62,000	₹ 62,500
April	₹ 62,100	₹ 61,800	₹ 62,500	₹ 63,000
May	₹ 62,500	₹ 62,100	₹ 63,000	₹ 63,500
June	₹ 63,000	₹ 62,800	₹ 63,500	₹ 64,000
July	₹ 63,500	₹ 63,300	₹ 64,000	₹ 64,500
August	₹ 64,000	₹ 63,800	₹ 64,500	₹ 65,000
September	₹ 64,500	₹ 64,200	₹ 65,000	₹ 65,500
October	₹ 65,000	₹ 64,800	₹ 65,500	₹ 66,000
November	₹ 74,500	₹ 73,000	₹ 76,000	₹ 77,000
December	₹ 76,000	₹ 74,500	₹ 77,500	₹ 78,500
January 2025	₹ 76,500	₹ 75,000	₹ 77,500	₹ 79,000

The table above illustrates a gradual price increase, reflecting both seasonal demand and rising input costs, especially in months with higher construction activity.

Steel Price Trend Over the Last 4 Years

Year	TMT Bars 10mm (₹/MT)	TMT Bars 20mm (₹/MT)	MS Angles (₹/MT)	Channels (₹/MT)
2021	₹ 55,000	₹ 54,500	₹ 55,500	₹ 56,000
2022	₹ 58,500	₹ 58,000	₹ 59,000	₹ 59,500
2023	₹ 61,000	₹ 60,500	₹ 61,500	₹ 62,200
2024	₹ 63,500	₹ 62,800	₹ 64,000	₹ 64,500

These figures demonstrate a notable upward trend, particularly due to inflation in raw materials and supply chain disruptions affecting steel prices.

Steel Price Predictions & Financial Forecasts

1. Projected Price Trends (2025)

• Global Projections: World demand is expected to grow by 1.9% in 2025, largely driven by India and emerging economies.
• China’s Influence: China’s subdued demand, especially due to its property sector slowdown, is anticipated to limit global price growth, possibly introducing slight decreases in mid-2025.
• Stabilization by 2025: While prices may stabilize in 2025 as the economy adjusts to new supply levels, volatility remains likely due to geopolitical and economic pressures.

2. Supply and Demand Forecasts

• Increased Capacity: Global steel production is anticipated to add around 60 million metric tonnes of new capacity by 2025.
• Impact on Prices: The rise in production capacity could create an oversupply, limiting any sharp price increases and potentially leading to more stable pricing over the year.

3. Raw Material Costs

• Iron Ore and Coking Coal: Price volatility in key inputs like iron ore and coking coal is expected to moderate somewhat but remains a primary factor in steel pricing.
• Environment-Driven Costs: The adoption of environmentally friendly production standards, especially in Europe, will likely increase steel production costs, potentially affecting pricing in environmentally regulated regions.

4. Regional Economic Variations

• India’s Demand Surge: Driven by infrastructure and construction, India’s steel demand is projected to rise significantly, possibly exerting upward price pressure in high-demand regions.
• Slower Recoveries: In regions facing economic downturns, steel prices may remain more stable or even decrease slightly, reflecting slower demand growth and ample supply.

How to Procure Steel at a Low Price in Indore

1.Bulk Purchases During Off-Peak Seasons: Steel prices often decrease during seasons with lower construction demand, so buying in bulk then can reduce costs.

2.Establish Long-Term Supplier Contracts: Partnering with suppliers through contracts can provide negotiated rates, especially for recurring orders.

3.Monitor Government Subsidies: Sometimes government incentives reduce steel prices for specific projects or periods, which can be leveraged.

4.Buy Directly from Manufacturers: Avoid middlemen by purchasing directly from manufacturers or mills, which can lead to significant cost savings.

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

In 2025, Indore’s steel market and steel pipes market is likely to experience moderate price fluctuations, driven by growing domestic demand and global supply adjustments. While high input costs and environmental standards may add to prices, increased production capacities could keep prices stable over time. For businesses looking to optimize procurement strategies, Tata nexarc offers valuable insights, digital tools, and solutions to streamline purchasing, improve cost efficiency, and maximize supply chain resilience in an ever-evolving 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.