Mild Steel Price Trends & Forecast | Monthly, Quarterly, Yearly Data (2024–2025)
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252F05_Mild_Steel_Price_Trends_and_Forecast_Monthly_Quarterly_Yearly_Data_2024_2025_2x_40aead1286.png&w=1920&q=100)
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): ₹54,500/MT (Primary TMT)
- Price Change (Last Quarter): +5.83%
- Forecast for Next Quarter: Expected to increase further
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 |
Apr 2025 | 55,000 | 45,800 | 50,000 | 57,500 | 51,000 | 40,900 |
Mar 2025 | 54,500 | 43,400 | 48,000 | 55,500 | 51,000 | 38,700 |
Feb 2025 | 51,500 | 42,500 | 46,000 | 53,000 | 47,500 | 38,000 |
Jan 2025 | 51,000 | 41,200 | 45,500 | 57,000 | 49,500 | 37,800 |
Dec 2024 | 52,000 | 41,400 | 49,000 | 57,000 | 49,500 | 37,400 |
Nov 2024 | 53,500 | 41,300 | - | - | 49,500 | 38,200 |
Price Forecast
Mild Steel Price Forecast for 2025
- Q2 2025 Forecast: Prices may firm up again as public sector and government-led construction projects increase demand. Having said that, rising production rates could add supply pressure, even limiting much price increases.
- Q3 2025 Forecast: Steady demand from the construction sector is expected to support prices, though supply dynamics will play a crucial role.
- Q4 2025 Forecast: Seasonal demand recovery, particularly in construction, and potential policy interventions are expected. Prices are anticipated to remain stable, with balanced supply-demand dynamics in this quarter.
- 2025 Outlook: The Indian steel sector is experiencing a mixed scenario. While domestic demand shows signs of recovery, challenges persist due to increased imports and global price pressures. The government is imposing safeguard duties to protect domestic producers from cheap imports, which could influence price dynamics in the latter 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 | MS Billets |
Jamshedpur | 55,000 | - | - | - | 51,000 | - |
Raigarh | 55,000 | 43,600 | - | - | - | 39,500 |
Ludhiana | 58,000 | - | 53,000 | 58,500 | - | - |
Chennai | - | 48,000 | 54,000 | 61,000 | 54,500 | 43,500 |
Mumbai | - | 47,900 | 53,000 | 60,000 | 53,000 | 42,600 |
Kolkata | - | - | 51,500 | 58,500 | - | 40,600 |
Delhi | - | - | 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)
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252FBeams_1_90162c6d1d.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Ftmt_4_ce1effd16e.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Fstructure_4010d97e42.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Ftmt_2_35045cf82d.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Fstructure_dfff598a5c.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Ftmt_3_bc5e70be36.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252FFlat_Steel_CRC_8_171deea8c1.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Ftmt_9c1b8d1a67.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Fstructure_149e81f2bd.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd3dhalnpawfxbg.cloudfront.net%252Fproduction%252Fnexizo%252Fnexizo.ai%252F_next%252Fassets%252Fved.png&w=128&q=75)