Steel fell to 3,207 CNY/T on August 8, 2025, down 0.25% from the previous day. Over the past month, Steel's price has risen 4.94%, and is up 6.90% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on August of 2025.

In the second quarter of financial year 2025, the cost of a 16 mm steel bar in the Indian cities of Chennai and Hyderabad reached ** 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. Crude steel India’s crude steel production has been growing steadily, with the basic oxygen furnace (BOF) being the preferred production method. While both private and public sector companies contribute to this production, the private sector, dominates the market. JSW Steel, in particular, has the highest production capacity in India, contributing significantly to the country’s position as the world’s second-largest producer of steel. Steel consumption in India 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 **** percent in fiscal year 2024.

Get the latest insights on price movement and trend analysis of Thermo Mechanically Treated Bars (TMT Bars) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data was reported at 68,640.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 67,460.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data is updated monthly, averaging 48,792.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 96,760.000 INR/Metric Ton in Apr 2022 and a record low of 25,300.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data remains active status in CEIC and is reported by Joint Plant Committee. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC008: Metal and Steel Retail Prices: New Delhi: Monthly.

Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data was reported at 67,850.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 66,080.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data is updated monthly, averaging 48,690.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 94,990.000 INR/Metric Ton in Apr 2022 and a record low of 24,300.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data remains active status in CEIC and is reported by Joint Plant Committee. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC008: Metal and Steel Retail Prices: New Delhi: Monthly.

Get the latest insights on price movement and trend analysis of Steel in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

At the end of fiscal year 2024, the Wholesale Price Index of metal products across India was around 139. This meant an increase in the WPI of more than 39 percent from the base year of 2012. An overall increase in the price index value was noted over the years from financial year 2013 in the country.

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TMT Steel Bar Market Size 2025-2029

The TMT steel bar market size is forecast to increase by USD 91 billion at a CAGR of 4.3% between 2024 and 2029.

The market is experiencing significant growth due to several key factors. The increasing demand for steel, driven by infrastructure development and construction projects, is a major growth driver. Additionally, the rising demand for seismic resistance in buildings and structures is leading to increased usage of TMT steel bars. However, fluctuating raw material costs pose a challenge to market growth. Producers must carefully manage their costs to maintain profitability. The market is expected to continue its growth trajectory, driven by these trends and challenges. TMT steel bars offer superior strength and durability, making them an essential component in various industries. As the demand for infrastructure development and construction projects continues to rise, the market for TMT steel bars is poised for steady growth.

What will be the Size of the TMT Steel Bar Market During the Forecast Period?

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The TMT (Thermomechanically Treated) steel bar market in the United States is experiencing significant growth due to the increasing demand for infrastructure development. TMT steel bars, available in various sizes such as 68 mm, 812 mm, and 12 mm, are increasingly being used in heavy industry applications, including torsional bars, low-cost reinforcement bars for residential and commercial construction, and concrete structures for buildings and industrial structures. The mechanical qualities of TMT steel bars, including their superior torsional strength, corrosion resistance, and earthquake resistance, make them a preferred choice for construction projects. These bars are also ductile and fatigue-resistant, ensuring a super-strong structure that can withstand heavy loads.



Heat treatment techniques such as rapid cooling are used to enhance the mechanical properties of TMT steel bars, making them ideal for use in infrastructure applications. The construction sector, particularly in the areas of hydropower plants and industrial structures, is a major consumer of TMT steel bars and other construction materials due to its ability to provide a reliable and durable solution. Water jet technology is used in the production of TMT steel bars, ensuring consistent and precise dimensions, while adhering to industry standards. The growing demand for earthquake-resistant and corrosion-resistant structures is expected to further drive the growth of the market in the United States.

How is this TMT Steel Bar Industry segmented and which is the largest segment?

The TMT steel bar industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Residential
  Commercial
  Infrastructure


Grade Type

  Fe 415
  Fe 500 and 500D
  Fe 550 and 550D
  Fe 600
  Others


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France
    Italy


  North America

    Canada
    US


  Middle East and Africa



  South America

By End-user Insights

The residential segment is estimated to witness significant growth during the forecast period.

TMT (Thermo-Mechanically Treated) steel bars are a preferred choice in the construction sector due to their superior mechanical qualities and corrosion resistance. These bars are widely used in urban areas for the construction of residential buildings and concrete structures. The use of TMT bars offers several advantages, including high tensile strength, excellent ductility, and a superior strength-to-weight ratio. These properties ensure the structural integrity and safety of buildings, bridges, dams, and other infrastructure. TMT bars can deform without breaking during seismic events, making them essential for earthquake resistance. The heat treatment process, which involves rapid cooling, enhances the steel's mechanical properties.

TMT bars are available in various grades to cater to different applications and load requirements. Producers use advanced technologies to ensure consistent quality and meet industry standards. The use of TMT bars is expected to continue growing due to their proven performance and durability.

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The residential segment was valued at USD 164.10 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 77% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Track TMT price trends with monthly, quarterly, and yearly data for 2024-2025. Get expert forecasts, historical charts, and regional insights to plan your sourcing.

TMT Steel Bar Market Outlook

The global TMT steel bar market size was valued at approximately USD 9.8 billion in 2023 and is expected to reach USD 16.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2024 to 2032. The growth of this market is primarily driven by the increasing demand for construction activities worldwide, which necessitates robust and durable materials like TMT steel bars. These bars are crucial in modern construction due to their resilience, ductility, and high strength-to-weight ratio, making them ideal for building stable and long-lasting structures.

One significant growth factor for the TMT steel bar market is the rapid urbanization and industrialization experienced globally, particularly in emerging economies. As urban centers expand and require more residential and commercial infrastructure, the demand for high-quality construction materials like TMT steel bars increases. The construction sector's boom in countries such as India and China is a testament to this, with governments investing heavily in infrastructure development projects. Additionally, technological advancements in the manufacturing processes of TMT steel bars have led to more efficient and cost-effective production methods, further boosting market growth.

The increasing awareness regarding the benefits of using TMT steel bars over conventional steel is another factor propelling market expansion. TMT bars offer superior ductility, higher thermal resistance, and are more corrosion-resistant, which enhances the longevity and safety of the structures they are used in. These characteristics are particularly important in regions prone to seismic activity, as TMT steel bars can significantly improve the earthquake resistance of buildings. In addition, the growing trend towards sustainable and environmentally friendly construction practices is encouraging the use of TMT steel bars, as they are recyclable and support the reduction of carbon footprint.

Moreover, government policies and initiatives promoting infrastructure development are also fueling the growth of the TMT steel bar market. Many countries are investing in large-scale infrastructure projects, such as bridges, highways, and public transportation systems, which require substantial quantities of TMT steel bars. For instance, initiatives like the Belt and Road Initiative by China and the “Smart Cities” mission in India are expected to generate significant demand for construction materials, thereby positively impacting the TMT steel bar market.

Regionally, the Asia Pacific region holds the lion's share of the TMT steel bar market owing to its burgeoning construction industry and economic growth. Countries like China and India are spearheading this regional dominance, with substantial investments in housing, transportation, and infrastructure projects. Additionally, North America and Europe are expected to witness steady growth due to renovation and retrofitting activities in developed countries. Meanwhile, the Middle East & Africa and Latin America are emerging as potential markets due to their increasing focus on industrialization and infrastructure development.

Type Analysis

The TMT steel bar market is segmented by type into Fe 415, Fe 500, Fe 550, Fe 600, and others, each with distinct characteristics that cater to various construction needs. Fe 415 TMT bars are known for their balanced strength and ductility, making them a preferred choice for small-scale residential buildings. They provide adequate reinforcement for structures that do not require the heavy-duty strength offered by higher-grade TMT bars. Their affordability and availability make them popular in emerging market regions where cost considerations are crucial.

Fe 500 TMT bars are the most common type used in construction projects due to their superior strength and flexibility. These bars are ideal for large-scale construction projects, including commercial and infrastructural developments like bridges and highways. The versatility of Fe 500 bars makes them suitable for regions prone to seismic activities, ensuring that buildings can withstand substantial ground movement. As a result, Fe 500 TMT bars are in high demand in geologically active regions across Asia Pacific and Latin America.

Fe 550 and Fe 600 TMT bars represent the higher strength variants in the TMT steel bar market. These bars are particularly used in heavy industrial applications and mega infrastructure projects where maximum load-bearing capacity is required. Their high tensile s

India WPI: Mfg: BM: Stainless Steel: SE: Bars & Rods, Including Flats data was reported at 96.500 2011-2012=100 in Oct 2018. This records an increase from the previous number of 95.700 2011-2012=100 for Sep 2018. India WPI: Mfg: BM: Stainless Steel: SE: Bars & Rods, Including Flats data is updated monthly, averaging 88.400 2011-2012=100 from Apr 2012 (Median) to Oct 2018, with 79 observations. The data reached an all-time high of 96.500 2011-2012=100 in Oct 2018 and a record low of 77.700 2011-2012=100 in Jan 2016. India WPI: Mfg: BM: Stainless Steel: SE: Bars & Rods, Including Flats data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under Global Database’s India – Table IN.IH020: Wholesale Price Index: 2011-12=100: Manufactured Products: Basic Metals.

India WPI: Weights: Mfg: BM: Ferrous Metals: Long Steel: Rebars data was reported at 0.736 % in Mar 2017. This stayed constant from the previous number of 0.736 % for Feb 2017. India WPI: Weights: Mfg: BM: Ferrous Metals: Long Steel: Rebars data is updated monthly, averaging 0.736 % from Apr 2004 (Median) to Mar 2017, with 156 observations. The data reached an all-time high of 0.736 % in Mar 2017 and a record low of 0.736 % in Mar 2017. India WPI: Weights: Mfg: BM: Ferrous Metals: Long Steel: Rebars data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under Global Database’s India – Table IN.IH088: Wholesale Price Index: 2004-05=100: Weights: Manufactured Products: Basic Metal, Alloys and Metal Products.