The fundamental building material that gives a structure its tensile strength is steel. The cost of steel per kilogram in India varies according to the brand, region, taxes (GST), and other outside variables.
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Table: TMT steel bar price in India in January 2024
Market Price/Piece List Today
8mm TMT Bar price
10mm TMT Bar price
12mm TMT Bar price
16mm TMT Bar price
20mm TMT Bar price
25mm TMT Bar price
32mm TMT Bar price
For steel companies, 2023 has been a middling year with little cause for concern on the home front. However, China's chaos has caused great anxiety in the global ferrous industry. Let's examine some of the major variables that will influence the steel market's performance in 2024.
The rising cost of coking coal is a bigger issue than iron ore pricing for the global steel industry, especially for players like Steel Authority of India Ltd (SAIL) and Tata Steel. These businesses are impacted even though they are backward integrated because pricing in India are lower than those in other countries.