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

Durgapur, a major industrial hub in West Bengal, is known for its robust steel production, which contributes significantly to India’s infrastructure development. Steel prices in Durgapur fluctuate based on various factors such as demand, raw material costs, and market dynamics. Monitoring these trends is crucial for buyers, dealers, and suppliers who want to optimize their purchase strategies.

Steel Price by Product

The prices mentioned above are estimates based on recent market data and may vary slightly depending on the source, such as SRMB and Shree Ji Steel, which supply these products across Durgapur.

Steel Price Monthly Trend for 2024 - 2025

This trend shows a gradual decline in steel prices throughout 2024 due to weak demand and a slowdown in the construction sector, consistent with national and global market observations.

Steel Price Last 4-Year Trend

Over the last four years, steel prices have followed a cyclical pattern, with peaks in 2021 and 2022 driven by increased global demand and supply chain disruptions. However, prices have been in decline since mid-2023 as supply started to outpace demand.

Steel Price Predictions & Financial Forecasts (Durgapur)

Price Decline in 2024

• Projected Fall: Steel prices in Durgapur are expected to decline by approximately 4-5% during 2025, driven by weak demand in the construction and manufacturing sectors.
• Main Drivers:

• Decreased infrastructure spending and global economic slowdown.
• Surplus inventory levels from steel mills globally, including India, pushing prices downward.

Capacity Additions & Global Supply

• Capacity Expansion: By 2025, global steelmaking capacity is set to increase by nearly 60 million metric tonnes.
• Impact on Prices: The oversupply will likely result in lower utilization rates, leading to a further dip in steel prices.
• Regional Impact: Increased supply from large producers like China will saturate the market, impacting both domestic and export prices in Durgapur.

Demand Growth vs. Supply Surplus

• Demand Growth in India: Steel demand in India is projected to grow by 1.9% in 2025, slightly higher than global averages.

• This demand growth, however, is insufficient to absorb the supply influx, especially with ongoing construction slowdowns.

• Global Demand Trends: World steel demand is expected to rise by 35 million tonnes in 2024, but this will be overshadowed by much higher capacity growth.

Raw Material Prices & Input Costs

• Iron Ore: Prices for iron ore are forecasted to decrease by around 8% due to weakening demand from China and other markets.
• Coking Coal: Costs for coking coal, a key input for steel production, are also predicted to fall by 5-7% in 2025, reducing production costs but not significantly boosting margins due to low demand.

Price Recovery in 2025

• Expected Rebound: Analysts project a moderate recovery in steel prices by mid-2025, contingent on:

• Stabilization of the global economy and increased infrastructure spending.
• Reduction in surplus inventory, particularly from China.
• Possible stimulus measures from governments to boost construction activities.

Regional Insights for Durgapur

• Local Construction: Durgapur's local demand for steel is expected to grow modestly, driven by state infrastructure projects. However, this will not significantly impact overall price trends, given the global forces at play.
• Competitive Pressures: Competition from other regional steel hubs (e.g., Jamshedpur) will keep prices competitive, limiting any sharp price increases.

Key Financial Forecasts

• 2024: Average steel price expected to settle around ₹54,000/MT in Durgapur, down from ₹57,000/MT in 2023.
• 2025: Predicted recovery could push prices back up to ₹56,500/MT by mid-2025, but only if global supply-demand imbalances correct.

How to Procure Steel at Low Prices in Durgapur

Bulk Purchasing: Always aim for bulk buying, as suppliers often provide discounts for larger orders. This reduces the per-tonne cost significantly.

Monitor Market Trends: Keep track of daily and monthly price fluctuations. Purchasing during price dips or off-peak construction seasons can result in lower costs.

Buy Direct from Manufacturers: Procuring directly from manufacturers like SRMB or Shyam Steel reduces intermediary costs, ensuring better prices.

Leverage Digital Platforms: Use online platforms such as Tata nexarc to compare multiple suppliers and access competitive pricing along with quality assurance.

Tata nexarc offers a seamless and hassle-free steel procurement experience. By connecting buyers to verified sellers, Tata nexarc ensures competitive pricing, easy access to credit, and guaranteed quality across a wide range of TMT bars and steel products. With transparent pricing and excellent customer service, Tata nexarc is your trusted partner for all steel procurement needs in Durgapur.

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

understanding the steel price trends in Durgapur is essential for making cost-effective procurement decisions. With prices expected to decline further in 2024 due to global supply surplus and low demand, it is crucial to stay informed on monthly price movements and leverage opportunities like bulk purchasing or direct manufacturer deals. Platforms like Tata nexarc simplify the process, offering competitive prices, verified suppliers, and quality assurance. By combining strategic buying practices and using digital procurement tools, businesses can secure steel at lower prices, ensuring profitability and efficiency in their construction projects.

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.