As of late February 2026, indicative (not live) steel prices are as follows:

1. Flat steel – Hot Rolled Coil (HRC), India

- Benchmark domestic HRC is around ₹54,000 per tonne (2.5–8 mm, IS2062 grade, ex-mill), near a two‑year high after rising from about ₹47,000/tonne in November 2025. (economictimes.indiatimes.com)

2. Construction steel – TMT/Rebar (India, retail trade)

Prices vary by region and diameter; recent reports indicate:

- North India (e.g., Ludhiana): TMT bars up from about ₹52,000 to ₹60,000 per tonne over the last three months. (timesofindia.indiatimes.com)

- South India (e.g., Coimbatore): TMT prices moved from around ₹62,000 to ₹72,000 per tonne, roughly a 20% rise, adding about ₹50/sq ft to construction costs. (timesofindia.indiatimes.com)

- For some MSME/industrial users, steel prices in certain categories have risen roughly ₹48,000 → ₹56,000 per tonne in the last quarter. (timesofindia.indiatimes.com)

3. Steel / iron scrap (India)

Very location‑ and grade‑specific; current published ranges:

- General mild steel scrap: ₹18–23/kg (₹18,000–23,000/tonne). (stainlesssteelpriceperkg.com)

- Industrial steel scrap / HMS: roughly ₹34–50/kg depending on quality and city. (stainlesssteelpriceperkg.com)

- Example live reference (21 Feb 2026): HMS1 scrap in Delhi around ₹37,000/tonne (≈₹31.5–34/kg); city‑wise iron scrap about ₹29,300–37,800/tonne. (steel-baba.com)

4. Global benchmark – HRC (for context, not India)

- US hot‑rolled coil index currently around $980 per short ton (≈$1,080 per metric tonne), the highest since early 2024. (steelmarketupdate.com)

Important notes:

- These are recent published spot/assessment levels, not live tick‑by‑tick prices; actual transaction rates will depend on:

- Grade (HRC vs CRC vs plates; Fe strength for TMT; brand),

- Quantity and credit terms,

- Location and freight,

- Taxes (GST, local levies).

- For up‑to‑the‑minute India prices, you can track:

- Commodity/price services like BigMint, SteelMint, Steel Baba, etc.

- Local stockists / service centres in your city for exact delivered quotes.

If you share which product (HRC/CRC/plates/TMT/scrap) and approximate location you are buying for, you should negotiate around the above ranges with adjustments for grade and logistics.

If you have any further queries, please connect with us on 022-6290-10141 (Timings : 09.00 AM to 05.00 PM) or you can email us on info@cniinfoxchange.com