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Mandi Gobindgarh Steel Market Overview
Mandi Gobindgarh, located in the Fatehgarh Sahib district of Punjab, is affectionately known as the "Steel Town" or "Loha Mandi" of India. Historically, this hub has served as the backbone of secondary steel manufacturing in Northern India. The cluster comprises hundreds of scrap recycling yards, induction furnace plants, and advanced structural re-rolling mills supplying TMT rebar, round sections, channels, and angles.
Unlike Raipur, which relies heavily on direct sponge iron manufacturing, Mandi Gobindgarh is highly sensitive to the pricing of domestic melting scrap and international shredded scrap imports. The rates compiled in Mandi serve as the primary benchmark for steel and TMT rebar procurement in Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir, and Rajasthan.
Live Mandi Gobindgarh Price Index
The rates listed below represent the benchmark ex-factory wholesale prices. These rates exclude 18% GST, local transport costs, and loading/unloading charges. For bulk orders exceeding 15 tons, buyers can contact regional stockists directly for customized freight discounts.
| Size / Grade / Material | Mandi Ex-Mill Rate (₹/MT) | Daily Change | Market Status |
|---|---|---|---|
| MS Billet (100x100mm) | ₹44,800 | ▲ ₹400 | Tight Scrap Supply |
| 8mm TMT rebar (Fe 500D) | ₹51,400 | ▲ ₹300 | Active Demand |
| 10mm TMT rebar (Fe 500D) | ₹50,600 | ▲ ₹200 | Active Demand |
| 12mm TMT rebar (Fe 500D) | ₹50,200 | ▲ ₹100 | Stable |
| 16mm to 28mm TMT (Fe 550D) | ₹51,100 | ▼ ₹150 | Moderate |
Price index compiled daily in coordination with Gobindgarh Steel Chambers and local commission agents.
Punjab Steel Supply & Logistics
The Mandi Gobindgarh steel cluster is strategically connected to major Northern consumption hubs via National Highway NH-44 (Grand Trunk Road) and extensive railway networks. This enables seamless regional supply chains:
- Northern Capital Region (Delhi NCR): 24 hours transit time via road transport.
- Himachal Pradesh & J&K hilly areas: Dedicated flatbed cargo trucks navigate regional routes daily, typically delivering in 24–48 hours.
- Quality Testing Compliance: All material dispatched from Mandi Gobindgarh carries standard BIS (IS:1786-2008) certifications and Mill Test Certificates (MTC) verifying yield strength and elongation.