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    Table of Contents

    Mandi Gobindgarh is an industrial town in Punjab, often referred to as the ‘loha mandi’ or steel city of Punjab. One of the oldest steel manufacturing towns in India, Mandi Gobindgarh has a rich history in metalwork and steelmaking, dating back to pre-independence times. Today, along with Ludhiana, the towns have emerged as major steel production hubs in Punjab. Mandi Gobindgarh remains a popular spot for buying iron and steel. We’ll take a look at Mandi Gobindgarh rates today for steel, iron, steel scrap and more.

    Mandi Gobindgarh rates today

    Let us take a look at the Mandi Gobindgarh steel price today by kg/ton.

    Mandi Gobindgarh steel rate per kg/ton

    Steel type Rate per kg/ton at Mandi Gobindgarh, Punjab
    MS Ingot ₹43,200 – ₹43,400/ton
    MS Billet ₹43,200 – ₹43,300/ton
    Cast iron sponge ₹31,800 – ₹32,300/ton
    CRC scrap ₹37,700 – ₹37,900/ton
    Old scrap ₹32,200 – ₹32,400/ton
    Melting scrap ₹35,600 – ₹35,900/ton
    End cutting ₹37,300 – ₹37,500/ton

    *Prices are indicative and subject to change. Prices are for January 2024. Price does not include GST, transport and freight. Rates listed are for information. Buyers to check with the seller for final price. 

    Mandi Gobindgarh is known for its diverse range of iron and steel metal availability, strengthening its position as a key player in the Indian steel industry. Popular steel types available at Mandi Gobindgarh include:

    • Mild steel (MS) – Has low carbon content and is widely used in construction, automobile, and manufacturing due to its durability, strength and malleability.
    • Stainless steel (SS) – Is corrosion resistant and used in medical equipment, kitchenware, architectural structures and more.
    • Mild steel ingot – Is a mass of iron cast into a specific shape and serve as the raw material for rolling and forging, or for making steel sheets, bars and structure.
    • Steel billet – Functions as raw material to produce TMT bars, steel wires etc. and can be made from carbon steel, stainless steel, mild steel and alloy steel.

    Also read: Steel ingot price list

    Mandi Gobindgarh scrap rate

    Steel scrap is steel that’s discarded or recycled steel that can be used to produce new steel products. It may include: industrial scrap, demolition scrap, automotive scrap, tinplate and cans, construction scrap, appliances and household scrap, shipbreaking scrap among others.

    Let’s take a look at the Mandi Gobindgarh scrap rate today.

    Steel scrap type Mandi Gobindgarh steel scrap price per kg Mandi Gobindgarh steel scrap price per ton
    Old scrap ₹32.20 – ₹32.40 ₹32,200 – ₹32,400
    Melting scrap ₹35.60 – ₹35.90 ₹35,600 – ₹35,900
    End cutting ₹37.30 – ₹37.50 ₹37,300 – ₹37,500
    CRC scrap ₹37.70 – ₹37.90 ₹37,700 – ₹37,900
    HMS scrap ₹38.50 – ₹38.80 ₹38,500 – ₹38,800

    *Prices are indicative and subject to change. Check the final price with your seller. Price does not include GST, transport and freight. Pricelist for information only. Price differs by manufacturer/seller.

    India has a well-defined steel scrap recycling policy as recycling reduces the need for fresh iron ore and conserves energy. It is environmentally sustainable and makes steel production more cost-effective.

    Also read: Steel scrap – Check steel scrap rate in India today

    Steel ingot price rate Mandi Gobindgarh

    scrap ignots

    Steel ingots are commonly used in the manufacturing and construction sectors, owing to its durability and versatility. Some of the common applications include:

    • Construction i.e., to create structural components such as beams, columns, rebars
    • Automotive parts, such as, chassis, frames, body panels, engine components
    • Energy sector to construct pipelines, storage tanks, other equipment
    • Consumer goods such as cutlery, tools, kitchen appliances
    • Infrastructure projects such as dams, bridges, power transmission towers, tunnels
    • Railways to manufacture locomotive components, railway tracks

    We take a look at Mandi Gobindgarh steel ingot rate today and also its price in other Indian cities.

    MS ingot rate in Mandi Gobindgarh and other cities:

    City name MS steel ingot price per kg MS steel ingot price per ton
    MS ingot – Mandi Gobindgarh ₹43.00 – ₹43.50 ₹43,000 – ₹43,500
    Ludhiana ₹44.00 – ₹44.30 ₹44,000 – ₹44,300
    Ahmedabad ₹42.50 – ₹42.80 ₹42,500 – ₹42,800
    Kolkata ₹40.30 – ₹40.50 ₹40,300 – ₹40,500
    Mumbai ₹41.70 – ₹41.90 ₹41,700 – ₹41,900

    *Prices are indicative and subject to change. Check the final price with your seller. Price does not include GST, transport and freight. Pricelist for information only. Price differs by manufacturer/seller.

    Also read: Steel price in Mumbai and Pune

    Mandi Gobindgarh MS Billet rates

    Mild steel billets or MS billets are semi-finished steel products produced through a casting process. They are used across several industries, namely:

    • Construction sector for making reinforcing bars, beams and columns
    • Forging process for shaping into automotive components, tools, industrial equipment
    • Agriculture sector for farm machinery and equipment such as plows, harrows and tractor parts
    • Manufacturing for making products such as gears, shafts, axles, fasteners
    • Pipe and tubes for water supply, oil and gas transportation, structural support

    We take a look at Mandi Gobindgarh steel billet rates today and also how MS billets are priced in other popular Indian cities.

    MS billet rate in Mandi Gobindgarh and other cities:

    City name MS steel billet price per kg MS steel billet price per ton
    MS billet – Mandi Gobindgarh ₹43.20 – ₹43.50 ₹43,200 – ₹43,500
    Ludhiana ₹43.30 – ₹43.50 ₹43,300 – ₹43,500
    Chennai ₹42.90 – ₹43.20 ₹42,900 – ₹43,200
    Kolkata ₹40.80 – ₹41.00 ₹40,800 – ₹41,000
    Mumbai ₹42.10 – ₹42.30 ₹42,100 – ₹42,300

    *Prices are indicative and subject to change. Check the final price with your seller. Price does not include GST, transport and freight. Pricelist for information only. Price differs by manufacturer/seller.

    Also read: MS sheet price per kg in Mumbai, Delhi, Bangalore

    Mandi Gobindgarh iron rate

    Mandi Gobindgarh is known for its robust iron industry. The offered Mandi Gobindgarh iron rate today is often affordable, making it a preferred destination for many to buy iron and steel products from here. (Also read: Iron rods – Prices, uses, manufacturing process)

    Let’s take a look at the price list of iron at Mandi Gobindgarh and other popular cities.

    Mandi Gobindgarh iron rate per kg/ton:

    City name Scrap iron price per kg Scrap iron price per ton
    Mandi Gobindgarh ₹32.30 – ₹32.50 ₹32,300 – ₹32,500
    Ludhiana ₹37.70 – ₹37.90 ₹37,700 – ₹37,900
    Chennai ₹31.80 – ₹32.00 ₹31,800 – ₹32,000
    Kolkata ₹35.80 – ₹36.00 ₹35,800 – ₹36,000
    Mumbai ₹33.20 – ₹33.40 ₹33,200 – ₹33,400

    Also read: Difference between iron vs steel

    Mandi Gobindgarh and the steel sector in India

    In a report by SteelMint it is estimated that Punjab produces over 5.5 million tonnes of steel annually. And it comes primarily from the Mandi-Gobindgarh and Ludhiana belts.

    Scrap is easily available in the region and steel production in Punjab is done mainly by melting scrap. Not surprisingly, Mandi Gobindgarh rates today are affordable for most businesses.

    Some large businesses also import scrap mainly from the Middle East and Europe because of higher yield. Some of the popular large steel producers in Mandi Gobindgarh producing over 1.5 MT of steel are: Madhav Group, Jogindra Group, Bansal Group, among other.

    However, the region is not without its challenges that’s impacting daily steel price. Common challenges include – rising tariffs on power, GST on steel, expansion plans, cash availability and more.

    Looking to buy steel at the best prices? Contact us at Tata nexarc to get the best deals on TMT bars, channels, sheets, coils, angles and more. We have partnered with leading steel sellers and offer a wide range of steel products, delivered to your doorstep on time. Credit facility available. Contact now to get a quote.

    Sohini Banerjee

    Sohini is a seasoned content writer with 12 years’ experience in developing marketing and business content across multiple formats. At Tata nexarc, she leverages her skills in crafting curated content on the Indian MSME sector, steel procurement, and logistics. In her personal time, she enjoys reading fiction and being up-to-date on trends in digital marketing and the Indian business ecosystem.