Steel pricing in India follows a dynamic market structure influenced by raw material costs (iron ore, coal, billet), manufacturing capacity, demand patterns, and government policies like import duties and safeguard measures.

The base price of TMT bars is typically quoted for 12mm diameter — this is the reference point. Other sizes carry a premium: 8mm bars cost more per tonne (because they require more processing) while 10mm, 16mm, 20mm, and 25mm are usually priced close to each other.

Different brands have different pricing — Vizag Steel (RINL) commands a premium as the only integrated steel plant in South India, while brands like SEL Tiger, Simhadri, and Mangal compete in a close price band. The price difference between brands can range from Rs 2,000 to Rs 5,000 per tonne.

Prices are quoted as "Basic" — meaning the 12mm base rate excluding GST (18%), loading charges (Rs 250-275 per tonne), and transportation. When you see a price like "Rs 50,000 basic," the actual landed cost will be higher after adding these components.

Timing matters: Steel prices can swing 10-15% within a quarter. Mill announcements, international billet prices, and seasonal demand (construction activity peaks post-monsoon) all affect pricing. Working with an experienced dealer like Sri Kanya helps you navigate these cycles.

At Sri Kanya, we update our prices daily based on manufacturer announcements. Check our website or contact our sales team for the latest rates.