If you are also thinking of building your house, then this news can affect your budget. In the last few months, the prices of rebar were decreasing, due to which people were expected to get relief, but from January 2026, there has been a sudden increase in it. According to market experts, the prices of rebar have increased by about Rs 6,000 to Rs 6,800 per metric ton, due to which the construction cost has directly increased.
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Latest rates of iron bars in major cities (10 February 2026)
According to the data received in the market till February 10, the prices of rebar have changed significantly in big cities of the country. Prices have increased the most in cities like Goa and Mumbai. You can see the current rates of different cities in the list given below. Keep in mind that 18% GST is added separately to these prices.
City Price (per MT) Goa ₹50,200 Mumbai ₹49,600 Delhi ₹49,200 Chennai ₹49,000 Hyderabad ₹49,000 Kolkata ₹46,000 Raipur ₹45,300
Main reasons for increasing prices
Many major reasons have emerged behind the increase in the prices of rebar. Government company NMDC has announced an increase in the prices of iron ore by Rs 100 per tonne on February 10 itself, which impacts the production cost. Apart from this, the stock in mills has reduced by 40 percent as compared to last month, due to which supply has become less and demand has become more.
The prices of coking coal have increased by 9%. Importing raw materials has become expensive as the rupee reached 90.44 against the dollar. The primary steel rate of big brands like TATA, JSW and SAIL is running around ₹ 57,000 to ₹ 58,000 per tonne.