Factors that Affect the Price of TMT Bars in India

Wondering why TMT bars of the same grade are priced differently by different manufacturers or at different times? This is a valid doubt that many have. After all, with the same grades, it is only logical to presume that bars from every manufacturer will be priced the same. But the fact is different. 

When choosing TMT bars for your construction, you are making the most worthy investment in your life, and while you might be tempted to opt for bars with low prices, it might not be that good an idea. 

The cost of TMT bars depends on several factors. Factors such as availability of raw materials, supply and demand, and transportation costs play a vital role in determining the costs of the best TMT bars. Here, we will throw light onto the factors that affect the price of TMT bars in India. 

Supply and Demand of Steel

This is the major reason that the prices of the best TMT bars fluctuate. The supply of the steel industry remains more or less constant throughout the year. The demand, however, does not remain constant. When there is a surge in demand and the supply is limited, the prices go up. When the demand is less, the prices go down. 

Availability of Raw Materials

Raw materials are another factor that greatly affects the price of TMT bars in India. Iron ore, limestone, dolomite, and coal are a few of the raw materials required for TMT steel bar making. The cost and availability of these raw materials can influence the price of TMT bars. The supply and demand again determine the prices of these raw materials. Additionally, the quality of these raw materials also plays a part in determining the final cost of the product.

Transportation Cost

The transportation costs have been rising due to the increasing fuel prices in India. As a result, the price of the TMT bars also gets affected. The distribution of TMT bars depends on several modes of transport. So, depending on the connectivity of an area, the transportation cost might vary, affecting the prices of TMT bars, which go high with rising transportation costs. The taxation policy of the local government also plays a major role here. As the Top TMT Company in Assam, we at Maan Shakti try to keep the costs to a minimum so we can supply high-quality TMT bars at affordable prices. 

Cost of Power and Energy

Electricity and other modes of power, such as coal, play a major role in determining the price of finished TMT bars. The price of electricity has gone up in the past few years, making a huge difference in TMT bar prices. Many big brands are switching to solar power to make sure they meet the power requirements without having to spend a lot of money. 

Time and Weather Condition

The prices of TMT bars also depend on which time of the year you are planning to buy them. For instance, in the monsoon times, when construction work is less, the prices of TMT bars tend to stay on the lower side. In other seasons, such as the winter, when the production is lesser, the prices of TMT bars may go up. 

Conclusion

Sourcing the best TMT bars can cost you differently at different times or with different manufacturers. The reasons for this fluctuation in price are many, and no single cause can be pointed out for it. Factors such as supply and demand, cost and availability of raw materials, and transportation costs are among the many that affect the price of TMT steel bars in the country. The taxation policy of the local government and the time of the year that you are buying the bars also play a role in determining the costs of the finished bars.