Mild Steel Price Trends & Forecast | Monthly, Quarterly, Yearly Data (2024–2025)
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Introduction
Mild steel is one of the main building material across sectors such as construction, manufacturing, and fabrication. Its balance of strength, ductility, and affordability makes it the go-to choice for structural frames, pipes, automotive components, and general fabrication work.
Because of its high-volume use, any fluctuation in mild steel prices can have a direct impact on project costs and delivery timelines. In this blog, we’ll break down monthly trends, quarterly movements, and annual forecasts to help buyers and sellers stay ahead of market changes with accurate mild steel rates.
Key Highlights
- Current Price (Latest Update): ₹47,000/MT (Primary TMT)
- Price Change (Last Quarter): +2.17%
- Forecast for Next Quarter: Expected to maintain stability
Historical Price Trends
This is how mild steel prices (in ₹ per metric ton) have changed over the last few months.
Mild Steel Price Chart (Historical Data)
| Month | Primary TMT | Secondary TMT | MS HRC | MS CRC | HR Plates | MS Billets |
|---|---|---|---|---|---|---|
| Dec 2025 | 47,000 | 40,200 | 51,000 | 58,500 | 52,500 | 39,000 |
| Nov 2025 | 46,500 | 40,250 | 52,000 | 58,500 | 53,000 | 38,250 |
| Oct 2025 | 46,000 | 41,150 | 53,250 | 58,500 | 54,250 | 38,650 |
| Sep 2025 | 46,000 | 41,750 | 53,500 | 58,500 | 54,750 | 39,625 |
| Aug 2025 | 47,000 | 41,900 | 53,000 | 58,500 | 54,500 | 40,500 |
| Jul 2025 | 47,350 | 42,100 | 53,500 | 58,500 | 55,500 | 41,500 |
Price Forecast
Mild Steel Price Forecast for 2025
Q2 2025: Prices are likely to soften as public sector and government-led construction projects slow down during the monsoon season. Additionally, rising production rates are expected to increase supply pressure, limiting any potential price gains.
Q3 2025: Stable demand from the construction sector is expected to support prices, with supply conditions continuing to play a major role in determining overall market direction.
Q4 2025: Seasonal demand recovery, particularly in construction, along with potential policy interventions, is expected. Prices are anticipated to remain stable, supported by balanced supply-demand dynamics.
2026 Outlook: The Indian steel sector is witnessing mixed conditions. Domestic demand is showing signs of improvement, but higher import volumes and global price pressures remain key challenges. The government's safeguard duties aimed at protecting domestic producers from cheaper imports are likely to influence pricing trends in the second half of the year.
Regional Price Trends
Mild Steel Price in Delhi, Mumbai, Chennai and More (2025)
| Region | Primary TMT | Secondary TMT | MS HRC | MS CRC | HR Plates |
| Jamshedpur | 48,000 | - | - | - | 47,000 |
| Ludhiana | - | - | 53,000 | 58,500 | - |
| Chennai | - | 44,000 | 49,500 | 60,000 | 50,000 |
| Mumbai | 44,300 | 47,000 | 56,000 | 47,500 | |
| Kolkata | - | - | 48,000 | 58,500 | - |
| Delhi | 43,411 | 43,500 | 52,500 | 58,500 | - |
Factors Influencing Price
Key Drivers Affecting Mild Steel Prices
- Iron Ore and Coal Prices: As they are the key raw materials, their fluctuations impact mill-level prices very directly.
- Logistics & Transportation: Diesel price hikes and truck availability affect delivered rates.
- Seasonal Demand: Monsoons and harvest cycles often shift purchase timelines, especially in rural regions.
- Global Steel Trends: Export parity and international price benchmarks affect domestic mild steel rates.
- Government Projects: Railway, metro, and PWD infrastructure tenders boost demand significantly.
Conclusion
Tracking mild steel prices has become essential in today’s fast-moving market. The mild steel price forecast for 2024–2025 suggests a moderately rising trend, with periodic corrections due to supply chain and global market shifts.
With Nexizo, you get real-time updates on mild steel rates, custom price alerts, and demand forecasts that help buyers, traders, and manufacturers make smarter decisions.
Stay updated on mild steel prices with Nexizo and gain the edge in every deal.
Also Read: TMT Price Trends & Forecast | Monthly, Quarterly, Yearly Data (2024–2025)
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