Understanding how steel prices might fluctuate in 2025 is crucial for the construction sector. Steel, often referred to as the backbone of construction projects, significantly impacts not only the cost of building homes but also major infrastructure projects. An increase in steel prices leads to higher construction costs, creating challenges for the growth of the construction industry.
Having accurate knowledge of steel prices in 2025 enables more effective planning for construction projects. In this blog post, we will analyze the current situation of steel prices, future prospects, and the factors contributing to fluctuations in prices
Steel Prices 2025: Current Market Situation
Steel prices fluctuate due to various factors. From international market influences to local economic conditions and demand, all play a role in determining steel prices. To understand the market conditions in 2025, it is essential to analyze the following aspects:
International Market Influence
The international market plays a significant role in determining steel prices. Factors such as the price of raw materials, transportation costs, and international political scenarios directly affect steel prices. For instance, a shortage of raw materials or changes in policies from major exporting countries could lead to an increase in steel prices in Bangladesh as well.
Domestic Demand and Supply in Bangladesh
The demand for steel continues to rise in Bangladesh’s construction sector. With increasing projects like large infrastructure developments, flat constructions, and personal home building, the usage of steel is continuously growing. However, if the demand surpasses the supply, prices are bound to increase. Domestic production capacity and imports also significantly impact steel prices.
Steel Prices 2025: Prices of Different Types of Steel
Steel prices vary based on the type and grade of steel. MS (Mild Steel) bars, TMT (Thermo-Mechanically Treated) bars, and high-quality steel vary in pricing. It is crucial to select the appropriate type of steel based on the construction project, as it impacts both cost and the quality of construction.
MS Steel
MS (Mild Steel) bars are commonly used for small-scale construction projects. Although they are relatively cheaper and more accessible, they are less durable compared to TMT bars.
TMT Steel
TMT (Thermo-Mechanically Treated) bars are ideal for large construction projects and in earthquake-prone areas. These bars are more durable and of higher quality, leading to relatively higher prices.
High-Quality Steel vs. Standard Steel Prices
High-quality steel, like TMT bars, is more durable and long-lasting, leading to higher costs compared to standard steel. However, using high-quality steel ensures better construction quality.
Steel Prices as of January 2, 2025
| Steel Brand | Price Per Ton (Taka) |
|---|---|
| JSRM STEEL | 81,000 |
| KSRM STEEL | 83,000 |
| ROHIM STEEL | 82,500 |
| AKS STEEL | 84,500 |
| SS STEEL | 80,000 |
| BSRRM STEEL | 86,500 |
| GPH ISPAT | 85,000 |
| BSI STEEL | 80,000 |
| CSRM STEEL | 83,000 |
| SUMA STEEL | 81,000 |
| KSML STEEL | 81,500 |
| MSW STEEL | 81,000 |
| HRRM STEEL | 81,000 |
| ANWAR ISPAT | 83,000 |
| GOLDEN STEEL | 81,500 |
| PHP STEEL | 83,000 |
| RICL STEEL | 81,000 |
| PSRM STEEL | 79,000 |
| DHAKA STEEL | 81,000 |
| SCRM STEEL | 81,500 |
| BAIZID STEEL | 81,500 |
| VSL STEEL | 81,000 |
Which Steel Brand is Best and Why?
The quality of steel plays a crucial role in construction. In 2025, identifying the best steel brands based on their price and quality is important. Below is a comparison of local and international steel brands:
Local vs. International Brands
Several local and international brands are available in Bangladesh. Local brands like KSRM, BSRRM, and AKS are known for their high-quality steel. Some international brands also offer strong and durable products.
Features |
Local Brands |
International Brands |
|---|---|---|
| Quality | High quality | High quality & durable |
| Price | Relatively lower | Relatively higher |
| Availability | Readily available | Somewhat limited |
| Reliability | High | Very high |
Price Differences by Brand
The table below shows the price differences between various brands due to quality, production processes, and market demand.
| Steel Brand | Price Per Ton (Taka) |
|---|---|
| BSRRM STEEL | 86,500 |
| AKS STEEL | 84,500 |
| GPH ISPAT | 85,000 |
| KSRM STEEL | 83,000 |
| PHP STEEL | 83,000 |
| PSRM STEEL | 79,000 |
Which Brand is Best and Why?
To determine the best brand, consider:
- Quality: BSRRM STEEL and AKS STEEL offer high-quality steel, ideal for large projects.
- Price-Sustainability: PSRM STEEL offers cost-effective solutions suitable for smaller to medium-sized projects.
- Availability: KSRM STEEL and GPH ISPAT are widely available and trusted in the market.
For large projects, BSRRM STEEL or AKS STEEL may be the best options due to their quality and durability. For budget-friendly alternatives, PSRM STEEL provides a good choice.
Future Prospects for Steel Prices in 2025
Understanding how steel prices may change and their impact on the construction industry is essential. Accurate forecasting and planning can help control construction costs.
Stable Price Forecast
Experts predict that steel prices in 2025 may remain stable, but certain factors could affect price fluctuations:
- Raw Material Price Increases: If the prices of iron, coal, and other raw materials increase, steel prices may also rise.
- Inflation and Foreign Exchange Rates: Inflation or a decline in the value of the Taka against the Dollar could lead to higher steel prices.
- Demand in the Market: Increased demand for large construction projects or new infrastructure development may drive prices upward.
Changes in the Construction Industry
Technological advancements and the rise of eco-friendly materials may impact steel prices.
- High-Quality Steel: The demand for stronger and more durable steel may lead to increased prices for high-quality TMT bars.
- Eco-Friendly Construction: The adoption of low-carbon steel and other sustainable materials may influence the steel market.
- Domestic Production Growth: Increased local steel production may stabilize prices and reduce dependency on imports.
Tips for Buying Steel at the Right Time
- Plan Based on Demand: Understand the demand for steel before starting a project.
- Consider Seasonal Demand: Prices tend to fluctuate before rainy seasons or holidays.
- Trusted Sources: Use reliable e-commerce platforms, local suppliers, or government reports for accurate pricing updates.
By following these guidelines and staying informed, you can make effective decisions when purchasing steel for your construction projects in 2025.