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

Steel prices in Coimbatore are influenced by both national and local factors, such as raw material availability, logistics, and demand from construction and manufacturing sectors. Prices vary across different grades and products, and understanding these variations can help buyers make informed decisions. This article delves into the trends, predictions, and strategies for procuring steel at the best prices in Coimbatorein.

Steel Price by Product

Steel Price Monthly Trend for 2024 - 2025

Steel Price Trend Over the Last 4 Years

Steel Price Predictions & Financial Forecasts

· Current Market Outlook: Steel prices in Coimbatore are expected to see modest declines in 2025. Factors influencing this include weak global demand, particularly in China, and rising production capacities worldwide. Domestic market conditions are expected to be influenced by a slowdown in infrastructure projects due to reduced government spending.

· Price Decrease Trends: Steel prices are forecasted to decline by around 3-4% in 2025, with the lowest point anticipated by mid-2025. A surge in steel exports from countries like China, which has resulted in increased supply, is expected to suppress prices further. Meanwhile, India's steel demand is projected to grow by only 7-8%, which is lower than previous years' growth rates.

Product-Specific Price Trends:

• TMT Bars: Expected to remain in the range of ₹60,000 to ₹62,000 per metric ton in 2025.
• GI Pipes: GI pipe prices are predicted to remain between ₹63,000 to ₹65,500 per MT, supported by consistent demand from water supply and infrastructure sectors.
• MS Wire Rods: Prices for MS wire rods may see a slight decline, expected to be around ₹56,500 to ₹58,000 per MT.

Global Economic and Geopolitical Influences: Factors such as global inflation, high interest rates, and weak industrial output from major economies could slow down demand. Additionally, supply chain issues and trade restrictions on raw materials like iron ore and coking coal are likely to keep production costs stable, but not enough to counter the overall price declines in the steel market.

Long-Term Forecast: In 2025, steel prices are expected to stabilize and even see a moderate increase as the global market rebounds. However, geopolitical risks and environmental regulations could introduce volatility. The post-mid-2025 price increase is likely to be gradual, driven by market corrections and demand recovery in key global markets.

How to Procure Steel at a Low Price in Coimbatore

To procure steel at the lowest possible price, buyers can:

1. Buy in bulk: Large purchases often lead to discounted rates from suppliers.
2. Monitor market trends: Keeping track of fluctuations and buying when prices dip can save significant costs.
3. Negotiate with local dealers: Establishing relationships with dealers can lead to better deals, especially for long-term projects.
4. Explore alternative sources: Importing from nearby markets or buying from wholesalers in other regions could reduce procurement costs.

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

In conclusion, the steel market in Coimbatore is expected to face moderate price fluctuations in 2025, driven by global supply-demand dynamics. TMT bars, a key product for infrastructure, are projected to range between ₹60,000 to ₹62,000 per metric tonne. Tata nexarc can help local businesses navigate these changes by providing valuable insights and connecting them with verified steel suppliers, ensuring competitive pricing and supply stability. Buyers should keep an eye on market trends to procure steel efficiently amidst price shifts.

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.