Thermo Mechanically Treated (TMT) Steel bars are crucial for constructing any building structure. They are used to lay the foundation for the remainder of the building’s life and need to be strong enough to support an entire building. Technology has helped TMT Bars provide improved strength through extreme weather conditions and also last significantly longer.

Depending on the type of construction, various TMT bars are manufactured by some of the best TMT Manufacturers to withstand different kinds of building structures. These types of bars matter in terms of durability, strength, materials used and patterns used over the bars. All these steel bars are made using the best materials in the market as they cannot be replaced anytime in the future.

With rising development and construction projects, the price of steel varies through various parts of the year. A number of factors play a big role in determining TMT Rebars’ price.

1.Cost of raw materials

The most obvious factor in pricing is the cost of steel and other resources that go into making TMT bars. Since these bars need to be of the highest quality, TMT price highly depends on the price of raw steel as scrap metal cannot be used. High-quality steel bars are made using virgin steel ores and other resources such as water, heat and transport are all factors that determine the price of TMT bars.

Along with physical raw materials, the price of labour and research adds to the price of the final product. Since steel contains natural resources, various rules and regulations also come into place that control the prices based on different taxes, GST, etc.

2.Industry Trends

TMT Price is highly influenced by different market trends and developments. Markets are highly dynamic and volatile and can impact the price of steel instantly. If the automobile sector goes up, riding on the demand and supply trend, the prices of steel will also shoot up drastically

Various other industry trends are seasonal, which will be explained later in this article. But industry trends are based on market events and can be beneficial or disastrous based on the outcome. The best way to keep track of TMT bars’ price variation is to observe various industries that rely on steel as their raw material

3.Demand and Supply

Demand and supply are key variables that influence the price of TMT Bars. The factor is simple – If there is a shortage of raw materials such as iron or steel in the market, the demand for the commodity rises. This would additionally impact the prices as the demand is on the higher side. If these are also coupled with significantly higher demand due to market trends or seasonal forecasts, this would mean higher rates for the same commodity.

Similarly, TMT price also reduces when there is a surplus of supply but low demand. This could be an off-season for various reasons and could lower the price of steel rebars. Top-quality TMT bars are sometimes stored to manipulate demand and supply but government regulations and various other legal frameworks are helping end customers get the most transparent deal possible.

4.World Trade

The price of steel can also be impacted by geopolitical situations in the world. Taking Russia and Ukraine’s war as an example, Russia is a key exporter of steel. Various European and Western countries might miss out on various trades from Russia except for India, which would benefit from this situation.

If supplies are high and owing to the government, demand is also a steady high, the prices of steel would be steady and would be nominal as compared to other countries. It is fundamental to understand world trade patterns and events to better understand TMT price variations.

5.Steel seasons

Considering holidays, festivals and religious landmarks, the time of the year also has a significant impact on TMT price. Festivals such as Diwali, incite many companies in the automobile industry to provide discounts, offers and more.

This automatically increases the demand for steel and also impacts the price of steel that is used to make TMT rebars.

Weather conditions also aid in these price variations. TMT bars are not in high demand during monsoon seasons as it’s not the best time for construction. Extreme weather conditions also bring down steel prices but depend on the type of situation as well. Steel prices increase after a major natural calamity in order to rebuild homes and buildings.

6.Transportation costs

The cost to move steel from one part of the country to the other also impacts TMT prices. Some of the best TMT manufacturers in India also export these TMT bars to other countries. Shipping costs vary from season to season and are also based on fuel prices.

These were just a few broad factors as to how the prices of TMT Rebars vary. As mentioned above, steel is an important material used to construct buildings and needs a lot of it to keep it strong and secure. These prices can be checked and observed using the internet and other mediums.

Durastrong is one of India’s leading manufacturers of TMT rebars, Using top-quality materials and high-tech research, Durastrong’s Fe550 Grade TMT Bars are trusted among land developers and new homeowners alike. Durastrong TMT bars are also priced using transparent pricing mechanisms that help you get the best deal possible.

Durastrong also manufactures colour roofing sheets and other steel products for all your construction needs.