RESOURCES · STAINLESS STEEL RATES · UPDATED 7 NOVEMBER 2026
Stainless steel price per kg. SS 304, 316 and 310 rates in Mumbai.
Today’s indicative rates for stainless steel sheets, plates, round bars and pipes, and for alloy steel bars, from Steel Impex India, Mumbai. Prices are per kg, before 18% GST and freight. Send your size and quantity for a firm quotation.
Stainless steel price list (₹ per kg, November 2026)
SS sheet and plateBlack round barBright round barSS pipe
Updated 7 November 2026. Indicative basic rates in Mumbai for regular sizes and commercial quantities; 18% GST and freight extra. L grades (304L, 316L) are about ₹10 per kg above the base grade. The final price depends on size, finish, quantity, make, certificates and the market on the day of order.
Indian stainless rates are not set once a year. They move with four things, which is why a quotation is tied to the day it is issued:
Nickel on the LME. Nickel is the costliest element in 304, 316 and 310. When the London Metal Exchange nickel price moves, austenitic grades follow within days. SS 202, with far less nickel, moves much less.
Molybdenum and chromium (ferro-alloy) prices. These decide how far 316 separates from 304, and where duplex and the nickel alloys sit.
Mill price lists. Indian and imported mill lists are revised periodically and set the base for the whole chain.
The rupee and import duty. Imported coil, plate and alloy are priced in dollars, so the exchange rate and any anti-dumping or safeguard duty feed straight into the landed cost.
Scrap and stock levels matter too: when stockists are carrying heavy inventory, rates soften regardless of the mill list. For a firm figure on the day you order, send your requirement.
Why prices differ between grades and products
Nickel and molybdenum: SS 316 carries more nickel plus 2–3% molybdenum, so it costs roughly twice SS 304. SS 310 has about 20% nickel and 25% chromium.
Bright vs black bars: bright (cold drawn, peeled or ground) bars cost more than black hot-rolled bars because of the extra finishing and closer tolerance.
Pipes vs sheets: seamless and welded pipes carry tube-making costs, so pipe rates per kg are higher than sheet in the same grade.
Size, quantity and make: very thin or very thick sizes, cut pieces, small quantities, specific mills and third-party inspection all change the rate.
Around ₹212 per kg for SS 304 sheet and plate, ₹195 per kg for black round bar and ₹205 per kg for bright round bar in Mumbai (updated 7 November 2026). SS 304L is about ₹10 per kg more. GST at 18% and freight are extra.
What is the SS 316 price per kg?
Around ₹465 per kg for SS 316 sheet and plate, ₹385 per kg for black round bar and ₹400 per kg for bright round bar. SS 316L is about ₹10 per kg more. The higher price than 304 comes from the extra nickel and 2–3% molybdenum.
Why is SS 316 almost twice the price of SS 304?
SS 316 contains about 10–14% nickel and 2–3% molybdenum against 8–10.5% nickel and no molybdenum in SS 304. Nickel and molybdenum are the costliest alloying elements, so 316 is priced much higher and moves with the international nickel price.
What is the price of a stainless steel sheet?
Multiply the sheet weight by the rate. A 1.5 mm SS 304 sheet of 1220 × 2440 mm weighs about 35.4 kg, so at ₹212 per kg it costs about ₹7,500 before GST. Use the estimator on this page or the SS sheet weight calculator.
What is the EN19 and EN24 price per kg?
Around ₹75 per kg for EN19 and ₹95 per kg for EN24 round bars. Other alloy steels are roughly ₹70 to ₹110 per kg depending on grade, size and heat treatment.
Do these prices include GST?
No. Rates are basic prices per kg; 18% GST and freight are charged on the invoice. Final prices depend on grade, size, finish, quantity, mill or make, certificates and the day's market.
What makes stainless steel prices go up and down?
Mainly the nickel price on the London Metal Exchange, since nickel is the costliest element in 304, 316 and 310. Molybdenum and chromium prices decide how far 316 sits above 304. Mill price lists, the rupee against the dollar, import duty on imported material, and how much stock the market is holding all feed in as well. SS 202 moves less than the 300 series because it contains far less nickel.
How often do stainless steel prices change?
Indian stainless steel prices move with the nickel price on the LME, mill price lists and the rupee, often every week. Send your requirement for the rate on the day you order.
