For the construction of a house, building or any other structure, different types of materials are needed.
But steel is one of the most important building elements, and its price is quite important. Therefore, we must be aware of its present pricing.
In India, steel costs have nearly doubled over the past year, following an increase in steel prices worldwide.
Steel prices in India have risen sharply due to a sharp increase in raw material prices such as iron ore and coal.
Due to China's determination to decrease steel exports and manufacturing, prices are also rising in India.
Due to increased domestic demand, China has removed subsidies and imposed export tariffs on particular steel goods to discourage shipments this year.
After China, India is the second-largest producer of steel worldwide. In India, the price of steel began to rise around the second half of 2020–21.
There was a dramatic increase in demand for steel following the COVID lockdown due to a renewed emphasis on infrastructure and govt. Programmes like "Make in India."
We can't think of any construction project being completed without the use of steel, which is one of the most expensive and consumable building elements.
Click on learn more to know the best steel brands to construct your dream house and their per kg current price.