In 2022, the cost of a 16 mm steel bar in the Indian cities of Pune and Hyderabad reached 70.11 Indian rupees per kilogram. However, in Delhi, the steel was slightly more affordable. Compared to the previous year, there was a noticeable increase in steel prices across all cities. The significant uptick in the cost of steel in India towards the end of 2020, was believed to be a result of China’s increased demand for Indian iron ore.
Steel consumption in India has been on a steady rise, with the country’s rapid industrialization and development in sectors such as construction, automobile, and infrastructure. This upward trend in steel consumption is estimated to persist, with an annual growth rate of nine percent in fiscal year 2024.
Steel price in India from 2015 to 2022, by city
(in Indian rupees per kilogram)
Characteristic
Mumbai
Delhi
Chennai
Bangalore
Pune
Hyderabad
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Gleeds. (February 14, 2023). Steel price in India from 2015 to 2022, by city (in Indian rupees per kilogram) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1219740/india-steel-price-by-city/
Gleeds. "Steel price in India from 2015 to 2022, by city (in Indian rupees per kilogram)." Chart. February 14, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1219740/india-steel-price-by-city/
Gleeds. (2023). Steel price in India from 2015 to 2022, by city (in Indian rupees per kilogram). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1219740/india-steel-price-by-city/
Gleeds. "Steel Price in India from 2015 to 2022, by City (in Indian Rupees per Kilogram)." Statista, Statista Inc., 14 Feb 2023, https://www.statista.com/statistics/1219740/india-steel-price-by-city/
Gleeds, Steel price in India from 2015 to 2022, by city (in Indian rupees per kilogram) Statista, https://www.statista.com/statistics/1219740/india-steel-price-by-city/ (last visited August 25, 2024)
Steel price in India from 2015 to 2022, by city (in Indian rupees per kilogram) [Graph], Gleeds, February 14, 2023. [Online]. Available: https://www.statista.com/statistics/1219740/india-steel-price-by-city/