Steel Prices Rise Twice in January 2026

Steel prices in India went up twice in January 2026.

The first increase was in early January, and the second was in the second week.

The prices of hot-rolled and cold-rolled steel went up by 4% to Rs.

51,700 per tonne, and rebar prices went up by nearly 7% to Rs.

52,500 per tonne.

The government put a 12% duty on imported steel, which helped the price increases.

Experts say this is because construction is picking up, and there isn't much steel in stock.

Big steel companies like Tata Steel and JSW Steel have seen their stock prices go up, but Jindal Steel has gone down.

Some experts think there's still room for prices to go up more, but others say small steel companies might not be able to increase prices as much.

Meanwhile, Mangalam Worldwide Limited, a stainless-steel manufacturer, reported a 74% jump in its net profit for the December quarter and saw its share price hit a new all-time high.