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

The steel market in Kanpur, reflecting broader national trends, has shown resilience in 2024, driven by infrastructure demand and rising raw material costs, especially coking coal. While price stability has been observed in recent months, projected growth in infrastructure and construction sectors, as well as fluctuations in global supply, are poised to influence prices in the coming quarters of 2025

Steel Price by Product

Category	Product	Grade	Price (₹/MT)
Long Products	TMT Bars	Fe 500D	₹ 56,000
		Fe 500	₹ 55,800
		Fe 550D	₹ 56,500
Flat Products	Hot Rolled Coil	IS 2062 E250A	₹ 54,000
		IS 2062 E350A	₹ 54,500
		ASTM A36	₹ 53,800
Galvanized	HDG Coil	IS 277	₹ 69,000
		ASTM A653	₹ 69,200
Structural	I-Beams	ISMB 150	₹ 48,000
		ISMB 200	₹ 49,500
		ISMB 250	₹ 51,000
Pipes	ERW Round	IS 1239	₹ 52,000
		ASTM A53	₹ 52,500
		API 5L Grade B	₹ 53,000

Monthly Steel Price Trend for 2024 - 2025

Month	TMT Bars (₹/MT)	Hot Rolled Coil (₹/MT)	Cold Rolled Coil (₹/MT)
Jan	₹ 58,000	₹ 54,000	₹ 63,500
Feb	₹ 57,500	₹ 54,200	₹ 63,000
Mar	₹ 57,000	₹ 53,500	₹ 62,800
Apr	₹ 56,000	₹ 52,500	₹ 61,500
May	₹ 55,800	₹ 52,800	₹ 61,800
Jun	₹ 55,500	₹ 52,900	₹ 61,900
Jul	₹ 55,000	₹ 53,000	₹ 62,000
Aug	₹ 55,500	₹ 53,200	₹ 62,200
Sep	₹ 56,000	₹ 53,800	₹ 63,000
Oct	₹ 56,500	₹ 54,000	₹ 64,000
Nov	₹ 57,000	₹ 54,500	₹ 64,500
Dec	₹ 57,500	₹ 55,000	₹ 64,800
Jan-25	₹ 58,000	₹ 55,200	₹ 65,000

Last 4-Year Steel Price Trend

Year	Avg. Price (₹/MT) for TMT Bars	Avg. Price (₹/MT) for HRC	Price Change (%)
2021	₹ 48,500	₹ 50,000	5%
2022	₹ 52,000	₹ 55,000	8%
2023	₹ 54,500	₹ 57,000	4.50%
2024	₹56,000	₹58,000	3%

Steel Price Predictions & Financial Forecasts

Market Demand Forecast:

• Domestic Demand Growth: India’s steel demand is forecasted to grow at 8.2% in 2024 and 2025, primarily driven by infrastructure and construction expansion. Pre-election spending in 2024 also supports demand
• Construction Sector Influence: Kanpur’s real estate and urban infrastructure projects are expected to sustain steel consumption at high levels, with government-led infrastructure investments driving approximately 30% of total domestic steel usage.

Price Trends and Projections:

• Flat Steel Prices: Expected to hover around ₹59,000 per MT for HRC, with a slight increase anticipated due to rising coking coal prices and high demand. Cold Rolled Coil (CRC) is projected at approximately ₹63,000-64,000 per MT through 2024
• Long Steel Prices: TMT Bars, essential for Kanpur’s ongoing construction projects, are expected to maintain stability at around ₹56,000 per MT, with minor variations due to seasonal and policy impacts.

Supply-Side Factors:

• Raw Material Costs: Iron ore and coking coal, critical for steel production, remain volatile. Coking coal prices increased 50% in the last year, anticipated to sustain at elevated levels due to limited supply
• Global Supply Chain Effects: China’s strategic reduction in steel output to achieve carbon neutrality has tightened global supply, indirectly supporting higher prices in India, where demand continues to grow

Financial Data & Statistical Analysis:

• Expected YoY Growth: Flat steel prices have shown 3-5% annual growth post-pandemic, with projected increases in Kanpur as demand outpaces supply.
• Infrastructure Capex: Government infrastructure expenditure has surged by 25% annually in the past five years, influencing a steady steel demand rise.

Economic and Policy Impacts:

• Import Tariffs and Trade Policies: Trade restrictions on imported steel, especially from China, are likely to keep Kanpur’s steel prices stable but high as local production is promoted.
• Environmental Compliance: Compliance with emissions regulations has driven production costs up by 5-10% in the steel industry, impacting prices across all products.

How to Procure Steel at Low Prices in Kanpur

For businesses and buyers looking to optimize steel procurement in Kanpur, it’s essential to:

• Monitor market trends and consider bulk purchases during stable price periods.
• Explore trade hubs and stockist options outside peak demand periods.
• Evaluate online platforms offering bulk deals, benefiting from competitive rates based on procurement volume and verified suppliers.

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

In conclusion, Kanpur’s steel market remains robust, with steady demand fuelled by ongoing infrastructure projects. As steel prices are expected to stabilize, strategic purchasing becomes vital for maximizing value, especially for essentials like steel pipes. Businesses seeking reliable suppliers and competitive pricing can benefit from platforms like Tata nexarc, which connects buyers to verified steel suppliers, ensuring quality and transparency. This approach aligns with market forecasts, offering Kanpur’s industries a dependable solution for their steel procurement needs.

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.