TMT Price Trends & Forecast | Monthly, Quarterly, Yearly Data (2024–2025)
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Introduction
If you are involved in construction, infrastructure development, or the steel procurement industry, you are probably aware of how volatile TMT (Thermo-Mechanically Treated) steel prices can be. As we move through 2025, the market is seeing multiple factors shaping the TMT price trend in India.
The TMT bar price is influenced by multiple factors such as demand-supply fluctuations, iron ore and coal prices, seasonal construction activity, and policy-level decisions on imports and duties. This report brings you a complete overview of historical trends and a forecast of the TMT bar rate through 2024 and into 2025—helping you make smarter sourcing decisions and control the cost of TMT bars effectively.
Key Highlights
- Current Price (Latest Update): Rs. 57,000/MT (Primary TMT)
- Price Change (Last Quarter): +11.76%
- Forecast for Next Quarter: Expected to stabilize because of mild correction from import pressures and reduced demand
Historical Price Trends
TMT Price Chart (Historical Data)
| Month | Price (Rs./MT) | Change (%) | Remarks |
| Apr 2025 | 57,000 | +5.56% | Government measures including import tax and seasonal construction demand |
| Mar 2025 | 54,000 | +6.93% | Government’s 12% import tax proposal and supply shortages |
| Feb 2025 | 50,500 | −0.98% | Sustained low demand with distributors holding significant inventory |
| Jan 2025 | 51,000 | −1.92% | Persisting weak demand and subdued overall market sentiment |
| Dec 2024 | 52,000 | −3.70% | Demand declined, especially in Delhi-NCR because of the NGT construction ban |
| Nov 2024 | 54,000 | +2.86% | Anticipated demand surge in December |
Price Forecast
TMT Price Forecast for 2025
- Q2 2025 Forecast: Prices may undergo a mild correction as cheaper imports continue to enter the market. Domestic demand may reduce slightly after the fiscal year-end, but policy support could support the dip.
- Q3 2025 Forecast: Stabilization is likely as import taxes balance out foreign competition. Steady demand from infrastructure projects may help maintain this price band.
- Q4 2025 Forecast: A year-end rebound is expected because of increased construction activity post monsoon and sustained protective government policies. Delayed infrastructure projects are also likely to resume.
- 2025 Outlook: Analysts predict the TMT price may fluctuate within a band of ₹50,000–₹58,000/MT throughout 2025, depending on how global trade pressures and local production respond.
Regional Price Trends
Primary TMT Price in Nagpur, Bhilai, Raigarh, Angul, Jamshedpur (2025)
| Region | Price (Rs./MT) | Trend (Last Quarter) |
| Nagpur | 57,000 | Rising |
| Bhilai | 55,500 | Rising |
| Raigarh | 55,000 | Rising |
| Angul | 56,500 | Rising |
| Jamshedpur | 56,000 | Rising |
Factors Influencing Price
Key Drivers Affecting TMT Prices
- Raw Material Costs: Iron ore and coking coal prices directly affect the cost of TMT bars.
- Demand-Supply Gap: Surge in government-funded infrastructure and rural housing schemes increases pressure on supply.
- Seasonality: Monsoon typically slows demand, whereas Q4 sees a spike due to project completion deadlines.
- Policy & Tariffs: Changes in export/import duties, GST slabs, and logistics policies can push or pull the TMT price.
- Fuel & Freight: Transport costs have a strong regional impact on final delivery rates for TMT bar price.
Conclusion
The TMT bar rate has shown steady growth in the second half of 2024 and is expected to continue its upward trajectory in 2025, with some short-term fluctuations based on demand cycles and raw material access. Nexizo helps buyers and sellers stay informed with real-time pricing, historical comparisons, and accurate forecasting tools.
For more insights on the TMT price, custom alerts, and supplies, check out Nexizo and get ahead in your procurement planning.
Also Read: Stainless Steel 304 Price Trends & Forecast | Monthly, Quarterly, Yearly Data (2024–2025)
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