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

Steel prices in Nagpur fluctuate due to various market factors such as supply-demand dynamics, global steel trends, and raw material costs. These variations directly impact local industries, especially construction and manufacturing sectors.

Steel Price by Product

Below is a detailed price list of different steel categories, products, and their corresponding grades in Nagpur.

Prices as of Jan-25, gathered from verified suppliers and distributors in Nagpur.

Steel Price Monthly Trend for 2024 - 2025

Steel Price Last 4-Year Trend

Steel Price Predictions & Financial Forecasts (Nagpur)

Current Market Trends (2025): Steel demand is expected to stabilize due to global slowdowns in infrastructure spending and weaker demand from the real estate sector. However, industrial consumption is predicted to sustain steady demand.

Predicted Price Movement (2024-2025):

• TMT Bars: Expected to decline by 2-3% due to reduced construction demand in rural areas.

• Price Forecast (Q1 2025): ₹56,500 - ₹57,500/MT

• MS Plates: Forecasted to see slight price increases due to higher demand for infrastructure projects.

• Price Forecast (Q1 2025): ₹57,500 - ₹58,500/MT

• HRC (Hot Rolled Coils): Market data indicates flat or minor drops due to global oversupply.

• Price Forecast (Q1 2025): ₹56,000 - ₹57,000/MT

Global Steel Market Influence:

• Declining demand in China (world’s largest steel producer) is pushing down global prices.
• Reduced imports from Europe are contributing to price stagnation in India.

Steel Consumption in India:

• India’s steel demand grew by 6% in 2024, driven by industrial and infrastructure projects, but growth may moderate in 2025.
• Government spending on roads and railways is expected to sustain demand for structural steel, but residential sector demand is weakening.

Supply Chain Challenges:

• Ongoing logistical issues, such as transportation costs and port delays, are causing localized price fluctuations in cities like Nagpur.
• Rising costs of raw materials (iron ore and coal) are projected to keep prices volatile.

Financial Forecast for 2025:

• Steel sector profitability to grow at a modest 3-4% year-over-year.
• Indian steel companies are expected to invest heavily in greener technologies by 2025, potentially raising operational costs.

Statistical Overview of Steel Prices (2025):

• Average Price (Q1 2025):

• TMT Bars: ₹58,300/MT
• MS Plates: ₹57,900/MT
• HRC: ₹56,800/MT

• Projected Annual Growth (2025): TMT Bars: -0.9%, MS Plates: +1.2%, HRC: +0.8%

How to Procure Steel at Low Prices in Nagpur

To secure steel at competitive rates in Nagpur, businesses should focus on:

• Bulk purchasing: Leverage economies of scale by buying in larger quantities.
• Long-term contracts: Enter into price lock agreements to protect against market fluctuations.
• Monitoring local demand: Keep an eye on seasonal trends when demand is lower, such as post-monsoon months.
• Supplier comparison: Regularly compare prices from multiple suppliers and track offers or discounts.
• Tata nexarc empowers small businesses with innovative digital solutions, helping them grow through efficient procurement, financing, and compliance, all within a trusted platform backed by Tata’s expertise.

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In conclusion, the steel market in Nagpur is subject to fluctuations driven by both local demand and global market forces. Prices vary across different steel products like TMT bars, MS plates, and galvanized pipes, with trends indicating potential shifts in 2025. Businesses can benefit from understanding these market dynamics, securing steel at competitive rates through bulk purchases, and monitoring local price trends. By staying informed and leveraging accurate price data, businesses can make well-informed procurement decisions that align with their operational and financial goals.

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.