Steel Rods Price in Nigeria 2023

Steel Rods Price in Nigeria: Are you looking for the best Steel Rods price in Nigeria? Or the best type of Steel rod that will last longer for you.  I think you are at the right place because here we are going to discuss everything concerning steel Rods in Nigeria and other things you need to know.

Of course, we all know for every good structure to stand on a construction site, steel Rods must be used. Similarly, They are mostly used to receive load and transfer it across different points of the building.

More so, Understanding the types and uses of different steel rods is paramount in the construction business before going to the site to work.

In this article, we will consider the various types of Steel Rods and Steel Rods prices in Nigeria today. Also, every other thing you need to know about Steel Rods. So are you ready to know all that has been said above? Then don’t be lazy continue reading until you get all your answers.

About Steel Rods

Steel Rods price in Nigeria

Steel rods are used in reinforced concrete and masonry structures, and their characteristics vary based on the production formulation. Manufacturers typically use an alloy of iron that is approximately 99% pure and add carbon and manganese for increased strength. 

Furthermore, Depending on the application, other alloys like chromium for corrosion resistance or nickel for temperature endurance may be incorporated. Likewise, The type and grade of steel rod used to determine properties like tensile strength, stiffness, and yield point. 

Moreso, the Surface finish may be smooth or textured based on the intended use, and some grades offer flame retardancy or electrical insulation in addition to structural reinforcement capabilities. In addition, Steel rods’ high corrosion resistance is one of their most important characteristics. 

This resistance occurs because a layer of chromium oxide forms on the steel’s surface when it is exposed to air, protecting against rust and corrosion. Additionally, This feature makes steel rods ideal for applications where they will face exposure to moisture or other corrosive elements, such as salt water.

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Steel Rods Price in Nigeria 

There are different kinds of steel rods on the market. We can categorize the steel bars used into four categories. They include:

  • Pre-stressing steel
  • Mild steel plain bars
  • Cold-worked steel
  • Hot-rolled deformed bars

While they are known as steel rods or reinforcements professionally, traders refer to them as iron rods. Aside from helping to transfer load across different points, they also help to enhance the concrete in columns and beams.

After doing for research for you, we have come up with the unit prices for these rods as well as their prices per ton. Below is the steel Rods price in Nigeria;

6 mm steel rods

  • Price per unit: ₦1,400 – ₦1,800
  • Price per ton (376 pieces): ₦526,400 – ₦676,800

8 mm steel rods

  • Price per unit: ₦2,300 – ₦2,400
  • Price per ton (210 pieces): ₦483,000 – ₦504,000

10 mm steel rods

  • Price per unit: ₦3,500 – ₦3,700
  • Price per ton (134 pieces): ₦469,000 – ₦495,800

12 mm steel rods

  • Price per unit: ₦4,700 – ₦4,900
  • Price per ton (93 pieces): ₦437,100 – ₦455,700

16 mm steel rods

  • Price per unit: ₦8,600 – ₦8,900
  • Price per ton (52 pieces): ₦447,200 – ₦462,800

20 mm steel rods

  • Price per unit: ₦13,500 – ₦14,500
  • Price per ton (34 pieces): ₦459,000 – ₦493,000

25 mm steel rods

  • Price per unit: ₦22,000 – ₦23,000
  • Price per ton (21 pieces): ₦462,000 – ₦483,000

30 mm steel rods

  • Price per unit: ₦31,500 – ₦32,500
  • Price per ton (15 pieces): ₦472,500 – ₦487,500

Note: The prices above may change depending on several factors. Some of them include your location, the vendor you are buying from and the current market forces.

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Factors That Affect the Price of Steel Rods in Nigeria

The Quality of Raw Materials 

Raw materials are a key factor in the price of steel Rods. Quality control of the raw materials is important for creating a high-quality end product. Moreover, stringent quality control measures are in place to ensure that the best raw materials are used and that they meet industry standards.

The Production Processes

The production process for steel Rods begins with the sourcing of high-quality raw materials. These are then melted down in a furnace and passed through a series of rollers to ensure the correct size and weight are achieved. 

The Size and Weight of the Finished Product

The size and weight of steel Rods affect the price of the product. In addition, A larger and heavier bar will cost more than a smaller and lighter one, as more materials are required for the production of a larger bar. Likewise, The sizes of the bars are standardized according to industry standards, so any deviation from these standards will add to the cost of the steel rod price. 

The Packaging

The packaging of steel Rods is an important factor that affects their price. Moreover, The right type of packaging can ensure that the product is delivered safely and securely to its destination. Likewise, Different types of packaging materials such as wood, plastic, or paper are used depending on the weight, size, and other specifications of steel Rods. 

The Transportation

The cost of transporting steel Rods to the customer plays an important role in determining the price. Furthermore, Factors such as the distance, route taken, method of transportation and any obstacles such as bad roads can have an impact on the total cost. Finally, Transportation is also influenced by fuel costs, which can vary significantly depending on global trends. 

The Time of Year

Seasonality can play a big role in the pricing of steel Rods. Moreover, The demand for steel Rods fluctuates according to the season, which affects the supply and demand. Furthermore, During the summer months, when construction activity is at its peak, demand for steel Rods increases and so does the price. In contrast, during the winter months, when construction activity slows down, demand for steel Rods decreases.

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Reasons Why Steel Rods are Utilized in Concrete Reinforcement

Everybody recognizes that concrete is very good in compression whereas steel is outstanding in tension. More so, the Steel rod is also great in compression but it has excessive strength. The cross-section normally turns out to be small and the smaller the cross-section the more the possibilities of buckling. Whereas concrete at the same time has little strength we require bigger cross sections and while doing so we master the buckling outcomes.

Furthermore, The reality which makes it probable to mix steel rods and concrete is that concrete shrinks on sitting in the atmosphere. Moreso, in case a steel rod is fixed in an accumulation of wet concrete, it will be discovered that significant force is essential to take off once the concrete is set. In case the steel section is in the shape of a plate, even though it will oppose removal once the concrete is set, still it can be taken down through severe hits.

Additionally, In the initial example, the concrete holds the still rod, whereas in the second it just sticks. Additionally, The grip relies on the strength of the concrete utilized in the work along with the excellence with which the concrete has been blended, set in position, contracted and preserved. In addition to this, the grip also relies on the status of the surface of the rod (even if it is flat or uneven). Especially shaped bars (corrugated bars etc.) have thus been embedded occasionally to maximize the grip.

It is because of the same coefficient of extension of the 2 materials, the greater bond value of excessive tensile strength and the lower price of steel that steel rods are utilized in reinforcement in Reinforced Cement Concrete work.

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Steel Rods price in Nigeria FAQs

Why is the steel rod price increasing?

The cost of raw materials like iron ore, coking coal, and manganese has been increasing due to the rising prices of crude oil, leading to an increase in the cost of steel rods.

What is the cost of a 12mm steel Rod?

The price of 12mm steel Rods per unit range from ₦4,700 – ₦4,900 and the Price per ton range from ₦437,100 – ₦455,700 depending on your location.

What is the price of steel Rods in Nigeria?

The price of steel rods in Nigeria ranges from ₦1400 – ₦32,500 per unit and ₦526,400 per ton depending on the location you are buying from.

Conclusion 

In conclusion, in this article, we have listed steel Rods prices in Nigeria. However, it is important to note that the actual price of all the items written in this article depends strictly on some factors like the vendor’s price tag, the product’s size, type and location as well as the quality and design of the corresponding item.

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