I am new to SQL Server, I am trying to do something as follows.
Sample code :
SELECT ITEM_ID
FROM \'TABLE_NAME_1\'
WHERE ITEM_STATUS = \'ACTIVE\'
SET @I
based on your question i have created sample code you can use only one query to insert multiple data if you want to insert common data between table 1 and table 2 then use inner join or left join will be fine.
INSERT INTO 'TABLE_NAME_3' (ITEM_ID,PRICE)
SELECT T1.ITEM_ID , T2.PRICE
FROM 'TABLE_NAME_1' AS T1
INNER JOIN 'TABLE_NAME_2' AS T2 ON T2.PRODUCT_ID = T1.ITEM_ID
WHERE T1.ITEM_STATUS = 'ACTIVE'