Steel Price Per Kg Today July 2023

Steel Price Per Kg Today August 2023

Steel is one of the essential materials for construction and has a vital role in construction costs.

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The prices of steel have almost doubled during the last year in India, reflecting growing steel prices globally.

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A steep rise in raw materials prices like iron ore and coal has contributed to the steep hike in India.

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India is also experiencing a price increase due to the decision of China to cut production and exports of steel.

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India is the world's second-biggest steel-producing country after china. A price increase started around the second half of the year 2020-21 in India and has continued since then.

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After covid lockdown, there was a sudden rise in steel demand. An increase in steel consumption, a resumed focus on infrastructure have raised steel demand.

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Steel is one of the most consumable and costly construction materials, and we can't imagine any construction work without using steel. Hence it is necessary to know its current price .

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If you are planning to construct a new house then you must know about its current price in the market.

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