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Mumbai Steel Market Overview
Mumbai and its Metropolitan Region (MMR) is India's most expensive steel consumption market. The city's massive high-rise construction activity — with 40+ storey residential towers under construction in Mulund, Thane, Navi Mumbai, and Kandivali — drives extraordinary demand for high-grade Fe 500D and Fe 550D TMT bars that comply with seismic zone (Zone III) requirements under IS:1786.
The primary wholesale steel hub serving Mumbai is Bhiwandi (Thane district), which houses over 300 stockists and dealers. Secondary consumption hubs include Dombivli MIDC and Thane Industrial Estate. JSW Steel's Dolvi plant in Raigad district (Maharashtra) supplies a significant portion of branded Fe 500D TMT bars directly to Mumbai at competitive mill-gate prices for bulk buyers.
Live Mumbai TMT Sariya Price — Today's Rates
Rates below are indicative ex-godown prices from Bhiwandi steel market. Exclusive of 18% GST and site delivery freight.
| Size / Grade | Mumbai Ex-Godown (₹/MT) | Daily Change | Demand |
|---|---|---|---|
| 8mm TMT rebar (Fe 500D) | ₹52,500 | ▲ ₹350 | Very High |
| 10mm TMT rebar (Fe 500D) | ₹51,800 | ▲ ₹250 | High |
| 12mm TMT rebar (Fe 500D) | ₹51,200 | — Unchanged | High |
| 16mm TMT rebar (Fe 550D) | ₹51,800 | ▼ ₹200 | Moderate |
| 20mm–32mm TMT (Fe 550D) | ₹52,200 | — Unchanged | Moderate |
| JSW Neosteel (Fe 500D, 12mm) | ₹55,500 | ▲ ₹300 | High |
Indicative rates compiled from Bhiwandi Steel Dealers Association. Always verify with your local stockist before placing orders.