The Nigerian building materials market is filled with all sorts of Reinforcements of different sizes like 8mm, 10mm, 12mm, 16mm, 20mm, 25mm and so on which are all used for different construction purposes depending on it’s bearing capacities.
These Iron rods as they are popularly called by market traders and workmen on-site come on types, namely Mild Steel Plain bars, Hot Rolled Deformed Bars, Prestressing Steel and Cold Worked Steel Reinforcement
The most popular used in building and construction projects across the country happens to be the Hot Rolled Deformed Bars. We are going to base our cost analysis on this bar and it’s various sizes in diameter (mm).
Iron Rod costs
Most wholesaler’s and some retailers will sell to you per tonne of these reinforcements, so let us take a look at how many pieces of these rods will give a ton for a given diameter.
|Diameter||Ton||Current Price per one|
|8 mm||210 in number||₦4,100|
|10 mm||134 in number||₦4,210|
|12 mm||93 in number||₦4,650|
|16 mm||52 in number||₦6,300|
|20 mm||34 in number||₦8,700|
|25 mm||21 in number||₦8,500|
The above is the price buyable for single TMT brand reinforcement for the month of May 2021, this brand is usually recommended by Standard Organization of Nigeria (SON) so also the government
This is the amount you’re likely going to get for the cost of iron rod in the markets today. For the Local (Nigerian) rods, the price per ton is ₦1,200,000.
Beams and columns reinforcements are erected in place with the help of these stirrups. They are equally referred to as rods and are sold at a less costly price too