Tri-Ply Circles

What’s Inside Tri-Ply Circle Pricing: Cost Breakdown

3 min read · By Triply Circle

Know what’s inside the ₹/kg and you’ll negotiate smarter - and spot quotes that are too good to be true.

The components

1. Raw materials (~70-80%): SS304, SS430 coil + aluminium - tracks LME/nickel prices directly
2. Roll bonding (~8-12%): mill time, energy, labour
3. Annealing (~3-5%): furnace time + protective gas
4. Blanking & finishing (~3-5%): punching, deburring, inspection
5. Testing & certs (~1-2%): MTC, peel/tensile tests
6. Packing & logistics (~2-4%)
7. Margin (~5-10%)

Using this

When steel prices drop 10%, circle prices should follow roughly 7-8% (the material share). If a supplier’s price doesn’t move with the market, their margin is absorbing it - or their material isn’t what they claim.

Frequently asked questions

What drives tri-ply circle prices most?

Raw materials - 70-80% of cost. Nickel and steel markets move circle prices directly.