Are you going to start up a project of construction and you don’t know about the prices of steel? Look no further! This article gives a summary of the current Steel prices of Essar TMT. We’ll explore recent trends, pricing determinants, and some tips on how to get the lowest price.
Current Market Scenario:
The steel market in India has been slightly volatile in the past few months. The global supply chain disruptions have alleviated somewhat, nevertheless, input costs such as coking coal and iron ore are still in force. This implies the increase of steel prices by different brands including Essar Steel also.
Essar Steel Products and Price Range:
Here’s a breakdown of typical Essar Steel product prices (as of May 2024):
| Essar Steel Per Piece Price (inclusive of GST) | ||||
| City Name | 12MM | 16MM | 10MM | 8MM |
|---|---|---|---|---|
| Bhavnagar | 858 | 1524 | 595 | 389 |
| Chennai | 849 | 1508 | 589 | 385 |
| Delhi | 844 | 1522 | 603 | 392 |
| Durgapur | 776 | 1378 | 538 | 353 |
| Ghaziabad | 833 | 1501 | 595 | 387 |
| Goa | 855 | 1517 | 592 | 388 |
| Hyderabad | 824 | 1463 | 571 | 374 |
| Indore | 860 | 1526 | 596 | 390 |
| Jaipur | 839 | 1513 | 599 | 389 |
| Jalna | 856 | 1519 | 593 | 388 |
| Kanpur | 833 | 1479 | 577 | 378 |
| Kolkata | 808 | 1434 | 560 | 367 |
| Mandi Gobindgarh | 849 | 1530 | 606 | 394 |
| Mumbai | 855 | 1517 | 592 | 388 |
| Muzaffarnagar | 833 | 1501 | 595 | 387 |
| Nagpur | 789 | 1401 | 547 | 359 |
| Raigarh | 789 | 1401 | 547 | 359 |
| Raipur | 793 | 1407 | 549 | 360 |
| Rourkela | 802 | 1423 | 555 | 364 |
Factors Affecting Essar Steel Prices
Several factors influence Essar Steel pricing, including:
Global Steel Market Trends: The international steel price is an important factor that highly affects the domestic price.
Raw Material Costs: The variations of iron ore, coking coal, and other inputs influence the final product prices.
Government Regulations: Import duties and taxes are the factors that can affect the price of steel.
Demand and Supply:High demand and very low supply will cause prices to go up, whereas too many products can cause prices to go down.
Transportation Costs: The price that you end up paying depends on the delivery location and logistics costs.
Getting the Best Deal on Essar Steel:
Here are some tips for securing the best price on Essar Steel products:
Compare Prices: Get the estimates from different dealers to do the comparison and identify the most competitive deal.
Consider Wholesale Purchase: If you are planning a big project, a good idea is to ask for bulk purchase discounts from the steel suppliers.
Look for Deals and Offers: Most steel suppliers will have seasonal discounts or special promotions. Watch for them
Choose the Right Grade: Choose the most suitable TMT bar grade (Fe 500 or Fe 550) according to the specifications for your project. Don’t always go for the top grade but take it only when necessary.
Negotiate: Do not hesitate to haggle with steel suppliers, especially if the orders are substantial.
Remember: The prices mentioned earlier are general and may change according to the product, the size of the product, the dealer, and the location. It is imperative to call steel suppliers for the most accurate price quotations to date.
By being aware of the market trends, knowing the pricing factors, and using strategic buying techniques, you will be able to get the best value for money for your Essar Steel when you are buying it for your construction needs.
