Mumbai Steel Price Update: Live Rates, Market Trends & Pro Buying Tips

When we talk about Mumbai steel prices, it’s not just about numbers on a dealer’s chart. These prices play a key role in the city’s construction industry. From the steel rods used in buildings to the beams supporting major projects, every price change directly affects construction costs, project budgets, and timelines.

Live Update: Steel Prices in Mumbai – Today, September

Tmt Steel Brands	Steel Price Per Ton (1000 kg)	Steel Price Per Piece
TATA Tiscon	₹53,050	₹564
SAIL SEQR	₹51,200	₹544
JSW Neosteel	₹55,000	₹585
Prime Gold	₹51,237	₹545
Guardian	₹49,000	₹521
Shivakrupa	₹47,000	₹500
Kalika	₹51,300	₹545

 

Category	Product	Grade	Price (₹/MT)
Construction Steel	Binding Wire	18 Gauge	₹75,800
	Stirrups	IS 1786	₹69,300

 

Category	Product	Grade	Price (₹/MT)
Fabrication Steel	MS Rounds	IS 2062 E250	₹47,300
	MS Angles	IS 2062 E250	₹51,500
	MS Squares	IS 2062 E250	₹57,500
	MS Channels	IS 2062 E250	₹52,300
	MS Plates	IS 2062 E250	₹52,000
	MS Flats	IS 2062 E250	₹56,000
	MS Square Pipes	YST 240	₹60,000
	MS  Rectangular Pipes	YST 240	₹65,800
	MS Round Pipes	IS 2062 E250	₹57,000
	MS Beams (ISMB)	IS 2062 E250	₹55,500
	MS Beams (NPB)	IS 2062 E250	₹55,500
	Universal Columns (UC)	IS 2062 E250	₹57,000
	MS Sheet	IS 2062 E250	₹51,000

 

Category	Product	Grade	Price (₹/MT)
Special Steel	EN Rounds	EN 31	₹65,000
	GP Sheets	EN 24	₹63,000
	GP Square Pipes	YST 240	₹63,000
	GP Rectangular Pipes	YST 240	₹63,000
	GP Round Pipes	YST 240	₹57,000
	Roofing Sheet	IS 277	₹94,000

Note: The above prices are subjective and may differ from the market rates. For the latest and best price for TMT steel and other steel products please reach us at 08062212000 or request a call back here.

Why Steel Prices Matter More in Mumbai Than Anywhere Else

Unlike smaller cities, Mumbai’s construction costs are magnified because:

1. Scale is bigger – A high-rise in Lower Parel consumes steel worth crores.
2. Margins are tighter – Contractors bidding for metro corridors must forecast steel costs months ahead.
   
3. Homeowners are exposed – Even a single bungalow in Thane needs accurate pricing to avoid overspending.

Mumbai’s Steel Economy

Mumbai is not only a consumer but also a control point in India’s steel network.

1. Ports as Price Gateways – JNPT and Mumbai Port handle steel imports that directly tie local prices to global supply.
2. Industrial Demand Drivers – Thane’s manufacturing hubs, Pune’s auto industry, and Nagpur’s logistics parks all rely on Mumbai’s steel trade.
3. Mega Projects – The Coastal Road, Navi Mumbai International Airport, and Mumbai Metro Line expansions are creating record demand for high-grade TMT bars and structural sections.

TMT Bars: Mumbai’s Construction Backbone

Over 65% of Mumbai’s steel requirement is TMT bars. Why? Because they are literally the backbone of skyscrapers and bridges.

• Earthquake Resilience: Western India is seismically sensitive, making ductile Fe-550D/Fe-600 TMT bars essential.
• High-Rise Engineering: Strong, flexible steel ensures stability in towers 40+ stories tall.
• Coastal Resistance:  Mumbai’s salty air accelerates rusting—anti-corrosion variants prevent premature failures.

 

Key Factors Driving Steel Prices in 2025

1. Iron Ore & Coal Costs → India imports coking coal, and global volatility directly hits Mumbai prices. (Ministry of Steel)
   
2. Port Connectivity → JNPT’s import-export cycles align Mumbai with global steel trends.
3. Seasonal Construction Peaks → From October to June, demand spikes, pushing prices up.
   
4. Government Spending → Infra allocations in Maharashtra’s state budget directly fuel steel demand.
5. BIS Standards → New quality norms for TMT steel influence brand preference and cost. (BIS)

 

SteelOnCall: Redefining How Mumbai Buys Steel

1. Daily Price Transparency – Can check  live TMT &  steel prices for Mumbai, Maharastra and All over India.
2. Direct Brand Sourcing – Buy TATA, JSW, SAIL, Radha, and Kamdhenu online.
3. Bulk & Small Orders – From one tonne to thousands, SteelOnCall covers it.
   
4. Pan-Maharashtra Delivery – Fast supply across Mumbai, Navi Mumbai, Thane, and Pune.

This eliminates hidden margins, reduces procurement risk, and helps contractors and builders focus on execution instead of chasing material.

FAQs 

Q1. How often do Mumbai steel prices change?
Almost daily. Fluctuations are influenced by global markets, import costs, and local demand cycles.

Q2. What’s the best TMT grade for high-rise projects in Mumbai?
Fe-550D or Fe-600, as they combine strength, ductility, and rust resistance needed in coastal, seismic regions.

Q3. Do monsoons reduce steel prices in Mumbai?
Yes, construction slows down in monsoon, which temporarily reduces demand. However, port import costs can still keep rates high.

Q4. Can homeowners buy directly from SteelOnCall?
Yes, SteelOnCall delivers to both small buyers and contractors, making it easy to source genuine branded steel in any quantity.

Q5. How do government projects affect prices?
Large infra projects (Metro, Coastal Road) create bulk demand, which often lifts local steel rates across Mumbai and Thane.

Q6. Is it cheaper to buy steel from stockyards than online?
Not necessarily. Offline buying often adds hidden dealer margins. Platforms like SteelOnCall ensure transparent pricing with brand verification.

 

Conclusion

With transparent rates, verified brands, and pan-Maharashtra delivery, SteelonCall ensures builders, contractors, and homeowners in Mumbai get the right material at the right time—without middlemen or inflated costs.

Disclaimer: Steel prices are indicative and may vary with market conditions. Contact SteelonCall for the latest rates on TMT bars, fabrication steel, and special steel from trusted suppliers. For size, grade (Fe 415, Fe 500, etc.), or service details, reach out to our team today.

Please note: GST and freight charges are additional.