Steel ingot pricelist

Steel ingots are solid blocks or shapes of pure steel obtained by casting molten steel into a mould to solidify. Usually, these ingots serve as raw material for various manufacturing processes such as forging, rolling, or machining. Steel ingots come in different shapes and sizes. Their shape and sizes depend on their intended use in the production of steel products. Steel ingot prices vary as per the location. This article lists the pricing of steel ingots in various Indian locations.

Steel ingot prices – as per location

Following is the approximate pricing of mild steel ingot as per location.

Steel ingot price in…	City	Price per ton
Chhattisgarh	Raipur	Around ₹39,800
	Raigarh	Around ₹39,500
Goa	Goa	Around ₹41,600
Gujarat	Ahmedabad	Around ₹42,500
	Bhavnagar	Around ₹42,800
Himachal Pradesh	Himachal	Around ₹41,900
Jammu & Kashmir	Jammu	Around ₹43,900
Madhya Pradesh	Indore	Around ₹43,000
Maharashtra	Mumbai	Around ₹42,400
Odisha	Rourkela	Around ₹39,300
Punjab	Mandi Gobindgarh	Around ₹42,900
	Ludhiana	Around ₹44,300
Rajasthan	Bhiwadi	Around ₹42,000
	Jaipur	Around ₹41,500
Telangana	Hyderabad	Around ₹41,600
Uttar Pradesh	Ghaziabad	Around ₹42,700
	Kanpur	Around ₹42,300
	Muzaffarnagar	Around ₹42,000
West Bengal	Durgapur	Around ₹39,200
	Kolkata	Around ₹39,700

Note: Prices are not to be considered as a final rate. GST, transportation and freight charges are not included.

Steel ingot prices – as per material

Type of steel ingots	Price per kg
Mild steel ingots	Approximately ₹ 40/Kg
Stainless steel ingots	Approximately ₹ 60/Kg
Silver square stainless steel 304 Ingot	Approximately ₹ 105/kg
Alloy steel ingots	Approximately ₹ 100-250/kg

Note: Prices are not to be considered as a final rate. GST, transportation and freight charges are not included.

Top manufacturers

Here are some of the leading manufacturers of steel ingots in India.

• SAIL
• Tata Steel
• Subhlaxmi Special Steel
• Ess Ess Steel Castings and Rolling Mills Pvt. Ltd.
• Kesri Alloys
• Bansal Alloys & Metals (P) Ltd.
• Kisco Castings India Limited
• Jay Jagdamba Limited
• Ambica Steels Limited
• Nami Steel

Use of steel ingots?

As mentioned before, steel ingots are used for various purposes. Often, steel ingots are one of the steps in the steelmaking process before further refining and shaping into finished products such as sheets, rods, bars, or beams. Here is how different shapes of ingots are used for different purposes.

Ingot shape/type	Use
Square cross-section ingots	Forging, rolling into rails, billets or structural sections
Round ingots	Manufacturing of steel pipes and tubes
Mild steel ingots	The automobile industry uses mild steel ingots different auto parts such as engine components, chassis, body panels,
Alloy ingots	Oil and gas industry, construction industry
Carbon steel ingots	For machine building, tools, etc.
Stainless steel ingots	Manufacturing numerous equipment in industries such as marine, food processing, medical equipment, etc.

Factors influencing steel ingot prices

Numerous factors influence the pricing of steel ingots. Here are some of the factors that influence steel ingots:

Production cost: Like all other manufactured products, one of the most considered factors is the production cost. The cost of raw materials, other factory costs, transportation and so on impact the production cost and subsequently price of steel ingots.

Cost of raw material: One of the main factors influencing steel ingot pricing is the cost of raw material. The cost of materials such as iron ore, coal, and other alloying materials may fluctuate often and impact the cost of ingots.

Demand and supply: Another factor that influences pricing is demand and supply. Higher and lower demand from industries such as construction, automotive, etc., impact the prices of steel ingots.

Apart from the mentioned above, steel ingot pricing is impacted by government regulations, global economic conditions, technological advancements, environmental regulations, etc., and also impacts steel ingot pricing.

How to procure steel ingots?

Understand and define your needs. The requirement of steel ingots differs as per its following application. According to its further application, specify your requirements and select the right kind of steel ingots.

Moreover, bulk orders attract more discounts. You stand in a better position to negotiate. Therefore, you can get a cost advantage by placing a bulk order.

If you are looking to buy high quality steel, you can approach Tata nexarc. Our platform hosts several verified vendors offering a wide range of steel products at competitive prices. Simply post your needs and receive quotes from these vendors. Select the quote the suits you the best. Explore now.

Conclusion

As mentioned earlier, steel ingots are available in various materials, sizes and shapes. Hence, it is important to understand your requirements, approach multiple vendors for competitive pricing and get high-quality products.