Steel Prices in Jaipur per kg/ton Today (2024)

Steel prices in Jaipur fluctuate based on multiple factors like raw material costs, demand, and regional supply constraints. As of November 2024, construction-grade steel products like TMT bars, which are crucial in Jaipur's construction industry, are showing stable but slightly varied pricing trends depending on the brand and grade.

Steel Price by Product

Category	Product	Grade	Price (₹/MT)
TMT Bars	12mm, 16mm, 10mm	Fe500D	₹ 58,000
		Fe550D	₹ 59,000
Hot Rolled Coil	6mm - 12mm thickness	IS2062 E250	₹ 62,000
		IS2062 E350	₹ 63,500
Cold Rolled Coil	0.8mm thickness	IS513	₹ 64,000
		IS2062	₹ 66,000
Structural Steel	Angles, Channels, Beams	IS2062	₹ 61,000
Galvanized Iron Pipes	Standard Size	IS1239	₹ 66,500
MS Pipes	Various Sizes	IS1239, IS3589	₹ 58,000
Wire Rods	8mm - 12mm thickness	IS1786	₹ 59,500

Steel Price Monthly Trend for 2024

Month	Average Price (₹/MT)	Price Change (%)
January	₹ 61,500	-
February	₹ 60,800	-1.10%
March	₹ 60,300	-0.80%
April	₹ 61,200	1.50%
May	₹ 61,600	0.70%
June	₹ 61,200	-0.65%
July	₹ 60,800	-0.65%
August	₹ 60,500	-0.49%
September	₹ 60,200	-0.50%
October	₹ 60,000	-0.33%
November	₹ 59,800	-0.33%

Steel Price Trend for the Last 4 Years

Year	Lowest Price (₹/MT)	Highest Price (₹/MT)
2020	₹ 48,000	₹ 54,500
2021	₹ 52,000	₹ 62,000
2022	₹ 55,500	₹ 68,000
2023	₹ 57,000	₹ 65,500

Steel Price Predictions & Financial Forecasts

Global Outlook:

• The global steel demand is expected to stabilize, with India playing a significant role in driving growth. While China faces a decline of 3% in 2024 due to its real estate downturn, India’s strong demand, particularly for infrastructure projects, is forecast to rise by 8%.
• Geopolitical factors and economic uncertainties, especially in the US and Europe, will contribute to global price moderation, affecting Jaipur’s steel market as well.

Local Impact:

• Steel prices in Jaipur, especially for TMT bars, will be shaped by India's domestic consumption surge, driven by public infrastructure investments. Jaipur’s strategic location in ongoing regional development projects means prices will likely see a steady upward trajectory, but not excessively.

Price Trends:

• 2024 Outlook: TMT bar prices in Jaipur are expected to range between ₹58,000 and ₹59,500 per MT.
• While global supply may see some disruptions, the local market’s reliance on domestic demand will provide stability. The prices will remain somewhat resistant to global fluctuations.

Financial Forecast:

• Global steel prices are forecast to average $740/MT in 2024, with potential declines in regions like China and Europe due to weaker demand. However, India's domestic growth should mitigate major drops in Jaipur.
• Market corrections might occur towards Q4 2024, as global steel production normalizes and demand pressures ease slightly.

Key Drivers:

• Infrastructure Growth: India’s ongoing investments in highways, urban infrastructure, and smart city projects will drive steel demand, ensuring stable to moderately increasing prices for TMT bars.
• Global Influence: Any major recovery in China’s real estate sector or shifts in US consumption patterns could impact global steel prices, though Jaipur's market remains largely insulated due to its reliance on internal demand.

How to Procure Steel at a Low Price in Jaipur

To secure steel at competitive rates in Jaipur, it’s advisable to:

• Buy in bulk: Bulk orders often qualify for significant discounts.
• Timing: Purchasing during periods of low demand, such as monsoon seasons, can yield lower prices.
• Supplier Relationships: Working with local suppliers can often result in favourable pricing or flexible terms, especially in off-peak periods

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

In conclusion, the steel price trends in Jaipur, especially for TMT bars, indicate a relatively stable market with minor fluctuations expected in the coming months. For businesses and contractors looking to procure steel at competitive rates, strategic purchasing is key. Tata nexarc offers a smart solution for small businesses by simplifying the procurement process. Whether you're sourcing steel or any other construction material, Tata nexarc connects you with verified sellers, ensuring you get the best prices and quality. It’s a trusted partner for SMEs navigating the complexities of steel procurement efficiently.

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.