Current Price of Iron Rods Per Ton in Nigeria

Iron rods are sold per ton in Nigeria. The price of iron rods per ton in Nigeria depends on the size. There are different sizes; 6mm, 10mm, 12mm, 16mm, 18mm, 20mm, 25mm, 32mm etc. The price of iron rods per ton in Nigeria also depends on the type. There are two major types, TMT iron rods and Local iron rods. Reinforcement bars seem to cheap in Lagos, you can buy iron rods in major markets in Lagos state.

Uses of Iron rods in Nigeria

Iron rods are a fundamental component in the construction industry in Nigeria. They are used in building structures such as homes, offices, and bridges. Their strength and durability make them ideal for reinforcing concrete, ensuring the stability and longevity of the structures.

Iron rods are also used in manufacturing industries. They are transformed into various products such as vehicle parts, machinery, and tools. Their malleability and resistance to corrosion make them suitable for these purposes.

In the oil and gas industry, iron rods are used in the construction of pipelines and storage tanks. They are preferred due to their ability to withstand high pressures and temperatures.

Another use of iron rods in Nigeria is in the production of furniture. They are used to create frames for tables, chairs, and beds, providing a sturdy base that can support significant weight.

Additionally, iron rods are used in the agricultural sector. They are used to construct greenhouses, farm sheds, and other agricultural structures. Their resistance to environmental factors such as rain and heat makes them ideal for these applications.

Finally, iron rods are used in the creation of art and sculptures. Artists and sculptors often use these materials due to their flexibility and durability, allowing them to create intricate and lasting pieces.

10 mm Iron Rods in Nigeria

10mm iron rods, also known as reinforcement steel or rebar, are primarily used in the construction industry. They are a fundamental component in building structures such as residential homes, commercial buildings, and bridges.

Reinforcement steel provides strength to concrete and helps to withstand tension forces. Without the inclusion of iron rods, concrete structures would not be able to bear the weight and pressure they are subjected to.

10mm iron rods are particularly useful in smaller scale construction projects. Their size makes them ideal for constructing columns, beams, and slabs in residential buildings.

Additionally, they are used in the fabrication of windows and door burglar proofs due to their strength and durability. This ensures a high level of security for buildings.

10mm iron rods are also used in the construction of precast products like manholes, concrete pipes, and culverts. They provide the necessary reinforcement to these structures, enhancing their load-bearing capacity.

Moreover, they are used in the construction of concrete roads and pavements. The rods are laid in a grid pattern within the concrete to prevent it from cracking under the weight of vehicles.

12 mm Iron Rods in Nigeria

12 mm iron rods are a type of construction material commonly used in various building and construction projects. They are made from iron, a strong and durable metal, and are characterized by their 12 mm diameter size.

These rods are often used in the construction of buildings, bridges, and other structures. They provide the necessary strength and stability to these structures, ensuring they can withstand various pressures and loads.

In particular, 12 mm iron rods are used in the reinforcement of concrete, a process known as rebar. The rods are embedded into the concrete to increase its tensile strength, preventing it from cracking and breaking under tension.

Additionally, these rods are used in the construction of foundations, walls, and columns. They are also used in the construction of beams and slabs, where they provide additional support and reinforcement.

12 mm iron rods are also used in the manufacturing industry. They can be used to produce various products, including tools, machinery parts, and even furniture.

Despite their strength and durability, 12 mm iron rods are relatively lightweight. This makes them easy to transport and handle, reducing the overall cost and complexity of construction projects.

12 mm iron rods are a versatile and essential material in the construction industry. Their strength, durability, and versatility make them an ideal choice for a wide range of applications.

16 mm Iron Rods in Nigeria

16 mm iron rods are a popular choice in the construction industry due to their versatility and strength. They are primarily used in the reinforcement of concrete structures, providing the necessary support and stability to withstand various loads and stresses.

Specifically, these rods are often employed in the construction of buildings, bridges, highways, and other infrastructures. Their robustness makes them ideal for these large-scale projects, ensuring the structures’ longevity and safety.

Beyond large-scale construction, 16 mm iron rods are also used in smaller projects such as residential housing, garden structures, and DIY projects. They provide the necessary reinforcement in concrete columns, beams, and slabs in these structures.

In addition to construction, these rods find applications in manufacturing industries. They are used in the production of tools, machinery, and automotive parts due to their durability and resistance to wear and tear.

16 mm iron rods are used in the making of furniture and decorative items. Their strength and malleability allow them to be molded into various shapes and designs, making them a popular choice in the creative industry.

32 mm Iron Rods in Nigeria

32mm iron rods are a type of construction material predominantly used in the building industry. They are typically used in heavy-duty construction projects due to their high tensile strength and durability. These rods are often used in the construction of bridges, high-rise buildings, and other structures that require a strong foundation.

The 32mm iron rods are also used in the reinforcement of concrete. Concrete is strong in compression but weak in tension. The iron rods, being strong in tension, are used to enhance the tensile strength of the concrete, making the overall structure more robust and durable.

Another common use of 32mm iron rods is in the construction of beams and columns. These are the primary load-bearing structures in a building, and the use of iron rods in their construction ensures they can withstand significant weight and pressure.

In addition to their use in construction, 32mm iron rods are also used in the manufacturing industry. They can be used in the production of machinery, tools, and equipment due to their strength and resistance to wear and tear.

Despite their strength and durability, 32mm iron rods are also relatively easy to work with. They can be cut, bent, and joined together using welding techniques, making them a versatile material in construction and manufacturing.

Lastly, it’s important to note that the cost of 32mm iron rods can vary depending on a number of factors. These include the current market price of iron, the quality of the rods, and where they are purchased. In Nigeria, prices can also vary from region to region.

TMT Iron Rods

TMT stands for Thermo-Mechanically Treated, a process that strengthens iron rods, making them ideal for construction purposes. TMT iron rods are preferred for their superior strength, ductility, and weldability compared to traditional iron rods.

In Nigeria, the price of TMT iron rods varies based on factors such as the global iron market, local demand, and the cost of production. These factors lead to fluctuations in the price per ton.

Additionally, the price of TMT iron rods in Nigeria is also influenced by the quality and brand of the rods. High-quality rods from reputable manufacturers tend to cost more than those from lesser-known brands.

Furthermore, the cost of TMT iron rods in Nigeria is impacted by the country’s economic conditions, including inflation rates and exchange rates. When the economy is strong, the price of iron rods tends to be more stable.

The location within Nigeria can also affect the price of TMT iron rods. Prices may be higher in remote areas due to transportation costs, while prices in urban areas with more competition among suppliers may be lower.

It’s important to note that while TMT iron rods may be more expensive upfront, their durability and strength can lead to cost savings in the long run. They are less likely to need replacement, reducing the overall cost of construction projects.

Local Iron Rods

Local iron rods refer to the iron rods that are produced within Nigeria. These rods are often preferred by many due to their affordability and accessibility. They are used extensively in construction and other industries.

The price of local iron rods in Nigeria can vary greatly depending on a number of factors. These include the current market conditions, the quality of the rods, and the location within Nigeria where the purchase is being made.

Generally, the cost of local iron rods in Nigeria ranges from 950,000 to 1,100,000 Naira per ton. This is subject to change based on fluctuations in the global and local economy.

Local iron rods are produced by several manufacturers in Nigeria. Each manufacturer sets their own prices, which can also contribute to the variation in cost. Some of the leading manufacturers include African Foundries Ltd (AFL) and Universal Steel Ltd.

Despite the cost, local iron rods are a popular choice for many Nigerians due to their quality. They are often comparable to imported rods in terms of durability and strength, making them a cost-effective choice for many construction projects.

However, it’s important to note that while local iron rods are generally cheaper than imported ones, they may not always be the best choice for every project. Factors such as the specific requirements of the project, the budget, and the availability of materials should all be considered when making a decision.

What Determines the Price of Iron Rods in Nigeria

Cost of production

One of the major determinant is the cost of production. This includes the cost of raw materials, labor, and energy required to produce the iron rods. If these costs increase, manufacturers may pass on the additional expenses to consumers in the form of higher prices. Similarly, if production costs decrease, manufacturers may be able to reduce prices.

Exchange rates

Exchange rates also plays an important role in determining the price of iron rods in Nigeria. Since iron is often imported, a weaker Nigerian Naira against the US Dollar or other major currencies can make imports more expensive, leading to higher prices for iron rods.

Government Policies

The policies and regulations of the government also impacts the price. For instance, import duties, taxes, and tariffs can add to the cost of importing iron, which can then be reflected in the price of iron rods.

Level of competition in the market

Lastly, the level of competition in the market can influence the price of iron rods. In a market with many suppliers, competition can drive prices down. However, in a market with few suppliers, or in the case of a monopoly, prices can be higher as suppliers have more control over pricing.

What is the price of Iron Rods in Nigeria?

On average, the latest price of TMT iron rods per ton in Nigeria today is 950,000 NGN while the average price of local iron rods per ton is 750,000 NGN

Latest Price of Iron Rods per ton in Nigeria

The price of iron rods per ton in Nigeria is subject to fluctuations due to cost of importation, the cost of raw materials and economic situation of the country.

Iron ore, the primary raw material used in the production of iron rods, is extracted from the earth. The cost of mining, refining, and transporting this ore affects the final price of both Y6, y10, y12, y16, y18, y30, y25, y32 iron rods.

Number of Iron Rods in a ton

To understand the number of iron rods in a ton, it’s important to first comprehend the weight of a single iron rod. The weight of an iron rod can vary depending on its length and diameter. Commonly used iron rods for construction in Nigeria are typically 12 meters in length and come in various diameters such as 8mm, 10mm, 12mm, 16mm, 20mm, and 25mm.

The weight of an iron rod can be calculated using the formula: Weight = Volume x Density. Here, the volume is the cross-sectional area of the rod (πr², where r is the radius) multiplied by its length, and the density of iron is approximately 7.85 g/cm³. For example, a 12-meter iron rod with a diameter of 16mm would weigh around 14.13 kg.

Once we know the weight of a single rod, we can determine the number of rods in a ton. A metric ton is equivalent to 1,000 kilograms. So, if a 16mm diameter rod weighs 14.13 kg, then approximately 71 rods of this size would make up a metric ton.