The beginning of the year 2023 had proved to increase the expenditure for the people who got their dream house ready. In fact, tremendous increase was being seen in the prices of Sariya Price, which plays the most important role in House Construction. Now before the beginning of the new financial year, its price is seen decreasing and the price of rebar has decreased from Delhi to Mumbai. In such a situation, this is the right opportunity to get the house ready, because there may be an increase in its prices once again in the new financial year.
The price cut from Rs 200 to Rs 1000
is the best opportunity to reduce the expenditure on house construction. If you miss this opportunity, then the burden on your pocket may increase. There are indications that steel prices may increase in the coming days. At present, its prices are seen falling from Rs 200 to Rs 1,000 per tonne.
However, this difference in prices varies from city to city. In the last months of the year 2022, the prices of Sariya fell, but many people were waiting for the new year in the hope that it would fall further, but this did not happen and with the beginning of 2023, their expenditure had increased.
Heavy expenditure is incurred on Sariya
Getting the house ready is proving to be an expensive deal for the people. From buying land to building a house on it, a lot of money has to be spent. In such a situation, people wait for the price of building materials to decrease in the hope of reducing the construction cost. But it is not necessary that their wait will only benefit them. In House Construction, along with other building materials, there is a huge expenditure on Sariya. Talking about the present, rebar is available in many cities at a much cheaper price as compared to March 2, 2023.
There are signs of rising prices!
According to the Business Standard report that came in the beginning of March, steel companies may decide to increase prices soon due to increase in the cost of steel production. By the end of this month, steel companies have increased the prices by Rs 500 per tonne and by the next month i.e. April, another increase of Rs 1000 can be seen in the price. If this happens, the burden on the customers is sure to increase and due to its impact on the price of rebars, the cost of house construction will also increase.
Price changes daily
Sariya Price keeps on changing on daily basis. In such a situation, the price at which Steel-Sariya is available today, may be available at a higher price in the coming days. However, in April 2022 of last year, the price of rebar had reached a high level of around Rs 78,800 per tonne in the domestic market. If you see it by applying the prescribed GST, then it becomes around Rs 93,000 per ton. Compared to this, rebar is still being sold at a lower price. But in comparison to the last months of 2022, the expenditure on Sariya is increasing continuously.
TMT Steel Bar Price in Major Cities (Excluding 18% GST)
city (state) March 2, 2023 25 March 2023
Raigarh (Chhattisgarh) Rs 50,500/tonne Rs 50,200/tonne
Rourkela (Odisha) Rs 51,100/tonne Rs 50,800/tonne
Nagpur (Maharashtra) Rs 51,500/tonne Rs 51,200/tonne
Jaipur, Rajasthan) Rs 53,400/tonne Rs 52,200/tonne
Ghaziabad (UP) Rs 52,500/tonne Rs 52,300/tonne
Goa Rs 54,000/tonne Rs 53,600/tonne
Delhi Rs 52,600/tonne Rs 52,000/tonne
Mumbai (Maharashtra) Rs 56,000/tonne Rs 55,500/tonne
Jalna (Maharashtra) Rs 55,500/tonne Rs 54,900/tonne
Check the rate in your city by sitting at home
In the major cities of India, changes in the rate of rebar are seen on a daily basis. Information about the changes in the prices of Sariya can be obtained on the Ironmart (ayronmart.com) website. Through this, you can easily find out the price of rebar in your city. It is important to note here that the prices of rebars are mentioned here per ton and GST (GST) at the rate of 18% fixed by the government is applicable separately.
