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

Steel is a key material for infrastructure development in Mysore, utilized in both residential and industrial projects. As of January 2025, steel prices in Mysore have fluctuated due to shifts in raw material costs, import-export conditions, and local demand. The steel market remains competitive, with local suppliers adjusting prices regularly to stay in line with broader market trends.

Steel Price by Product

Category	Product	Grade	Price (INR/MT)
TMT Bars	8 mm	Fe 415	₹ 76,500
		Fe 500	₹ 76,000
		Fe 550	₹ 75,500
	10 mm	Fe 415	₹ 75,000
		Fe 500	₹ 74,500
		Fe 550	₹ 74,000
	12 mm	Fe 415	₹ 74,500
		Fe 500	₹ 74,000
		Fe 550	₹ 73,500
	16 mm	Fe 415	₹ 73,500
		Fe 500	₹ 73,000
		Fe 550	₹ 72,500
GI Pipes	1.5"	IS 1239	₹ 70,000
	2"	IS 1239	₹ 69,500
	2.5"	IS 1239	₹ 68,800
MS Plates	5 mm	IS 2062	₹ 69,000
	6 mm	IS 2062	₹ 68,500
	8 mm	IS 2062	₹ 67,900

Steel Price Monthly Trend for 2024 - 2025

Month	TMT Bars (₹/MT)	GI Pipes (₹/MT)	MS Plates (₹/MT)
January	₹ 72,500	₹ 69,000	₹ 68,000
February	₹ 73,000	₹ 69,200	₹ 68,200
March	₹ 73,500	₹ 69,500	₹ 68,500
April	₹ 74,000	₹ 69,800	₹ 68,700
May	₹ 74,500	₹ 70,000	₹ 68,900
June	₹ 75,000	₹ 70,300	₹ 69,200
July	₹ 75,200	₹ 70,500	₹ 69,400
August	₹ 75,500	₹ 70,800	₹ 69,600
September	₹ 75,800	₹ 71,000	₹ 69,800
October	₹ 76,000	₹ 71,200	₹ 70,000
November	₹ 76,200	₹ 71,400	₹ 70,200
December	₹ 76,400	₹ 71,600	₹ 70,400
January 2025	₹ 76,600	₹ 71,800	₹ 70,600

Steel Price Last 4-Year Trend

Year	TMT Bars (Fe 500)	GI Pipes (IS 1239)	MS Plates (IS 2062)	Price (₹/MT)
2021	₹ 58,000	₹ 55,000	₹ 57,500	₹ 58,000
2022	₹ 65,000	₹ 62,500	₹ 64,000	₹ 65,000
2023	₹ 71,000	₹ 68,000	₹ 70,000	₹ 71,000
2024	₹ 76,000	₹ 70,000	₹ 69,000	₹ 76,000

Steel Price Predictions & Financial Forecasts

1. Market Demand Forecast

• 2025 Growth Rate: Steel demand in India is projected to grow by 6-7% in 2025, primarily driven by infrastructure projects and construction sectors.
• Local Demand Impact: Mysore is expected to see increased demand due to regional projects like housing developments and infrastructure improvements tied to the government's Smart City initiative. This could further boost local steel prices by 2-3%.

2. Global Price Influences

• Global Steel Prices: The global market has seen a slight uptick in prices due to increased demand from China and the recovery of construction sectors worldwide. A projected rise in global steel prices of 5-7% could lead to an increase in Indian steel imports, influencing prices in Mysore.
• Raw Material Costs: Rising iron ore and coal costs (up by 3-4% in 2025) will continue to push steel prices higher. This is particularly relevant for producers using blast furnace technologies, as their dependency on these materials is high.

3. Price Predictions by Product

• TMT Bars (Fe 500): Expected to increase by 2-3% by the end of 2025, reaching up to ₹80,000/MT due to strong demand from the housing and commercial construction sectors.
• GI Pipes (IS 1239): With consistent demand from the water supply and agriculture sectors, prices are predicted to rise by 2.5% to around ₹74,000/MT.
• MS Plates (IS 2062): Slight growth is anticipated, with prices expected to hover around ₹72,000/MT, an increase of 2% due to stability in the manufacturing sector.

4. Financial Data & Investment Impact

• Infrastructure Investments: The Indian government has increased spending on infrastructure by 30%, directly impacting steel consumption. Mysore, being part of urban renewal projects, will see an influx of steel usage, further increasing prices.
• Inflation Impact: Rising input costs, such as electricity and transportation, driven by inflationary pressures (projected to remain around 4.5-5% in 2025), will continue to push prices upward.
• Interest Rate Impact: With the RBI keeping interest rates steady at 6.5%, borrowing for large-scale construction projects is expected to remain feasible, sustaining the demand for steel products throughout the year.

5. Statistical Forecast

• Price Projections for 2025: Based on current trends, steel prices in Mysore are projected to increase by an additional 4-6% in 2025, with TMT bars possibly reaching ₹80,000/MT.
• Supply Chain Stability: Improved logistics and supply chain enhancements are expected to keep the price volatility low. Steel imports from neighbouring countries are predicted to stabilize prices in the long run.

6. Key Market Risks

• Supply Chain Disruptions: Any disruption in global steel supply (e.g., geopolitical tensions) could increase volatility, adding 2-3% unpredictability to future price movements.
• Currency Fluctuations: The Indian Rupee’s value against the USD may impact import costs. A depreciation of 1-2% in the rupee could further push prices upward.

How to Procure Steel at Low Prices in Mysore

Bulk Purchasing: Buy steel in bulk directly from manufacturers or suppliers to take advantage of volume discounts. Large orders often come with reduced prices per metric ton, making it cost-effective for big projects.

Off-Season Procurement: Purchase steel during low-demand seasons, such as the monsoon period when construction slows down. Suppliers often reduce prices to clear inventory during these times.

Utilize Online Portals: Platforms like Tata nexarc and SteelonCall offer competitive prices by allowing buyers to compare rates from multiple suppliers, ensuring you get the best deal for your requirements.

Negotiate with Local Suppliers: Building relationships with local suppliers in Mysore can provide opportunities for price negotiations, particularly if you're a repeat buyer or purchasing for a long-term project.

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

In conclusion, steel prices in Mysore are set to rise gradually due to increasing demand and raw material costs. However, smart purchasing strategies such as bulk buying and leveraging online platforms can help secure better deals. Tata nexarc is an ideal platform for businesses, offering competitive pricing, verified suppliers, and seamless procurement. With Tata nexarc, you can compare rates, get transparent pricing, and ensure quality steel products for your projects, making it a trusted partner for all your steel 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.