Mandi Gobindgarh Scrap Rate Today – 2 November 2026

Gobindgarh has given back its whole late-September rally and more. End cutting last quoted ₹39,100/MT on 13 October, down ₹2,100 on the week; BigMint’s index ₹40,700 on 15 October after a bounce that lasted one session. Old scrap ₹34,100. Finished steel is leading the fall – thirteen of fifteen lines on today’s finished-goods board are lower. Sorting is still the lever that matters, because the ₹5,000 gap between end cutting and old scrap has not closed; the rest of this page shows you exactly where the money is – grade by grade, city by city, and day of the week by day of the week.

Rates don’t move for no reason. When order books thin out and Punjab’s re-rollers defer their weekly melt targets, every yard within 30 km of the mandi feels the pull almost immediately. That’s the nature of this market. Gobindgarh isn’t like Pune or Mumbai where you have multiple steel clusters absorbing demand from different directions. Here, the majority of scrap feeding the local furnaces comes from a tight corridor – Fatehgarh Sahib, Khanna, Sirhind, and parts of Ludhiana district. When that corridor slows, rates drop faster than they recover.

Worth knowing how much weight this one town carries. Over 300 rolling mills and induction furnaces sit inside the cluster, along with roughly 200 scrap-cutting units and 40-odd foundries. That makes Gobindgarh one of India’s top three secondary steel markets, and the price set here effectively becomes the benchmark for all of Punjab and chunks of Haryana. A move in the mandi ripples out to smaller yards inside a 200 km radius within a day or two. If you’re selling anywhere in that band, this is the number you should be benchmarking against, not your local dealer’s word.

Steel scrap rates in Gobindgarh rallied from 25 September to about 9 October and have fallen since. BigMint’s index went ₹41,600 (26 Sept) → ₹43,300 (5 Oct) → ₹42,100 (12 Oct) → ₹41,100 (14 Oct, a ₹300 bounce) → ₹40,700 (15 Oct). The 15 October note is blunt: “Mandi Gobindgarh remained largely quiet today, with no major trade activity observed in either trading session,” with mills preferring “need-based and cautious buying” while “local mill owners continued to manage inventory pressure.” A mill owner had told BigMint the day before that “several mills anticipate another round of price hikes” while buyers expected prices to stay range-bound with a possible correction. The buyers were right, for the second time this month.

Here’s the catch – when the board falls, it does not fall evenly. The mills that are still buying are buying quality only. A mixed yard lot with household scrap blended into industrial grade is not getting ₹31; it is getting ₹28, maybe ₹29 with a solid relationship. Old scrap at ₹34,100 and end cutting at ₹39,100 are ₹5,000 apart, exactly as they were two weeks ago at higher levels – the correction has been parallel, and the premium for sorted material has survived it intact.

The price spread between grades in Gobindgarh is wider than most sellers expect, and a falling market has not narrowed it – every grade came down together.

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Now the numbers most rate pages leave out entirely. Scrap doesn’t price itself. It prices off what the furnace can sell, and off what the cheaper alternative costs. These are the linked benchmarks worth checking before you accept any quote.

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Mandi Gobindgarh Iron Scrap Price Per Kg – 2 November 2026

• Standard ferrous scrap / old iron (loha): ₹27.50–30.50/kg – household items, mixed yard lots, general iron; the last local old-scrap quote is ₹34.10/kg (13 Oct)
• HMS 1 (Heavy Melting Scrap): ₹31–36/kg – thick-section steel, plates above 6mm, structural angles, clean lot required; clean HMS 1 is fetching ₹35–36/kg in the mandi
• HMS 2: ₹28–32/kg – thinner sections, mixed melting grade, more moisture risk, and the grade most likely to get reclassified at the gate
• Melting scrap: ₹37.60/kg local (🔵 13 Oct); BigMint HMS ₹37.50/kg DAP (15 Oct) – prepared melting grade, the two bases within ₹0.10 of each other
• MS iron sheet scrap: ₹35–39/kg – clean, unpainted, pressed or baled; premium grade for induction furnace operators
• CRC scrap: ₹40.10/kg (🔵 13 Oct) – cold rolled cuttings, consistent chemistry, top of the scrap board
• End cutting scrap: ₹39.10/kg local (🔵 13 Oct), ₹40.70/kg on BigMint’s DAP index (15 Oct) – the benchmark grade, down ₹2,100–2,600/MT from the 5 October peak
• Rolling / rail cutting scrap, by section weight: ₹40.00/kg (1.5 kg) to ₹44.20/kg (9 kg) on today’s 🔵 board, all −₹0.40 to −₹0.80 on the day – the highest-paid ferrous grade here; heavier sections re-roll with less loss
• Industrial steel scrap mix: ₹34–40/kg – factory-direct, documented source, high purity
• Cast iron: ₹39.70/kg Gobindgarh toka, ₹40.20 imported, ₹39.00 Ludhiana (🔵 2 November 2026, −₹0.10) – and BigMint reports foundry scrap softening across key markets as supply improves
• Cast iron (foundry / low-grade): ₹22.50–27.50/kg – mixed casting scrap, higher impurity, lower melt efficiency

One thing to keep straight before you get on the phone: the mandi rate and your pickup quote are not the same number. The figures above are wholesale, ex-yard, before 18% GST and freight. An individual seller collecting a small lot will typically be offered ₹5–7/kg under the wholesale baseline, because the dealer is absorbing sorting, aggregation and transport on your behalf. That’s not a scam, it’s the cost of small volume. It does mean that if you can build to a full tonne, you should be dealing with a furnace or a serious trader directly rather than the first kabadiwala who answers.

If you want to understand why HMS 1 and HMS 2 carry different values even when the quoted range looks identical, the HMS 1 vs HMS 2 scrap specs for Indian mills breakdown explains exactly what furnace operators check when they grade your load.

Ferrous is over 85% of the volume traded here, which is exactly why non-ferrous is where sellers get quietly robbed. A copper coil or an aluminium window frame pulled out of the same demolition job is worth many multiples of iron per kilo, and a buyer who sweeps it into a mixed ferrous weight has just made a very good afternoon at your expense.

There’s a second trap here that almost nobody explains properly. Non-ferrous scrap trades at two completely different price levels in Gobindgarh, and both are real. The dealer or pickup level is what a local yard pays a household or small seller. The trade level is what a bulk, GST-invoiced consignment fetches when it goes to a refiner or secondary smelter. The gap between them is enormous. Know which one you’re being quoted.

Tier 1 – Dealer / pickup level (small and household lots)

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Tier 2 – Trade / mill-supply level (bulk, 1 tonne+, GST invoiced)

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Ludhiana is a prepared-grade and pig-iron market whose scrap quotes sit below Mandi’s end cutting today; dealer surveys put it at about ₹38,700/MT on prepared grades, propped up by steel-grade pig iron at ₹45,400/MT (1 Oct quote; BigMint ₹43,300 DAP on 23 Sept) and an engineering base that doesn’t shut down for the monsoon. There is also a structural reason Ludhiana’s demand has stayed this firm: Tata Steel commissioned its second-largest scrap-based steel plant in Ludhiana earlier this year, adding meaningful new furnace capacity to a corridor that already had the tightest buyer competition in North India. That is one more mill bidding for the same scrap pool, and it is not going away when the season turns. Delhi NCR trades slightly higher on industrial MS scrap because transport to Haryana’s re-rollers is shorter and demand is split across more buyers. Gobindgarh’s rates are competitive on premium grades specifically because of the concentration of induction furnaces in one cluster. When they’re all buying at the same time, a good lot moves fast and you don’t need to discount.

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That table needs explaining. Gobindgarh old scrap at ₹34.10 is now level with the best small-town dealer survey, because the mandi fell ₹2,100 in a week while the town surveys have not been refreshed. Gobindgarh is a professional melting market, not a collection market: buyers grade hard and pay for exactly what they can charge into a furnace, so household-quality material gets no sympathy. Flip to the prepared grades and the picture inverts: end cutting at ₹39.10/kg, CRC at ₹40.10 and rolling scrap at ₹40–44.20 are levels a small Punjab town cannot match, because those towns have no furnace to sell to. Bring sorted material to Gobindgarh and you win, even in a falling week. Bring a mixed pile and you would do as well closer to home.

But that’s only half the story. When multiple furnaces are on maintenance shutdown simultaneously – which happens in late May before the summer heat peaks and again in October – the yard rate drops sharply because there’s no competition between buyers. Gobindgarh’s demand isn’t diversified. It’s concentrated, and that concentration swings both ways.

Nobody tells you this part: the Friday effect is real here, just like it is in Maharashtra’s MIDC markets. Furnace operators don’t want trucks queuing up over the weekend. By Friday afternoon, buyers get selective. If you’re holding a borderline lot – say, your HMS 2 has some moisture from monsoon rain or mixed thin sections – Friday is the worst time to push for ₹31. You’ll get docked, or you’ll wait until Monday. Tuesday to Thursday morning is when intake calendars are still being filled and a buyer actually has a reason to say yes.

Where the Global Market Fits In

Gobindgarh feels like a purely local market and it mostly is, but the ceiling on your rate gets set several thousand kilometres away. Turkey’s HMS 80:20 CFR benchmark, the reference price for seaborne ferrous scrap, reached about $400–404/MT in late September (BigMint, 21–24 September) with BigMint itself flagging “limited room for further gains” as Turkish rebar demand saturated; no October print is public. BigMint assessed imported melting scrap at Nhava Sheva at $368–370/t on 15 October, about ₹37,300/MT landed including freight at a rupee of ₹94.97 – down from ₹38,200 in late September, almost entirely because the rupee strengthened.

Add 1,400 km of road haulage from Nhava Sheva and imported material still lands above Mandi end cutting, so no Punjab furnace is booking containers. But the direction matters more than the level. The rupee has gone from ₹96.42 on 6 October to ₹94.97 today, which has cut the landed cost of a container by roughly ₹550/MT in eleven days; on the coast, Mumbai HMS at ₹36,700 DAP is now within about ₹600 of landed imports. Last fortnight the weak rupee was the one support under domestic prepared grades. This fortnight it has become a ceiling that is coming down, and that reaches Punjab through Mumbai’s bids.

A factory-direct load from a Punjab industrial unit – turbine components, press shop offcuts, clean MS punch scrap – will fetch ₹3–6/kg more than a comparable-looking yard-collected lot. This isn’t negotiable. Gobindgarh buyers know the difference on the weighbridge and in the melt. Factory scrap has documentation, a consistent composition, and zero household contamination. Yard scrap doesn’t, and that gap directly reflects the risk a furnace operator takes on sorting and melt inefficiency.

That’s where most sellers lose money. They mix a factory-origin lot with yard-collected scrap thinking the buyer won’t notice. A mill operator in Gobindgarh who processes 200–300 tonnes a week has seen every blending trick in the book. One seller tried to blend 4 tonnes of thin cast iron into an industrial MS lot and got docked ₹2.5/kg on the entire 11-tonne load. That’s ₹27,500 gone on a deal he thought was closed, and he lost the buyer’s trust on top of it. For more context on how this grading decision affects your net realisation, read the detailed breakdown on factory vs yard scrap price difference.

When a loaded truck arrives at a Gobindgarh furnace yard, four things happen before a rate is confirmed.

• Visual purity check: are there visibly non-ferrous items, rubber, plastic, or wood mixed in? Even one flagged item shifts the negotiation.
• Moisture assessment: rain-wetted scrap, especially HMS 2, triggers moisture docking of ₹1–2/kg depending on the buyer’s current stock position – a bigger risk right now with the monsoon in full swing. Outdoor-stored material can carry 1–3% extra gross weight that contributes nothing to melt yield.
• Weighbridge reconciliation: the gap between your loaded truck weight and the yard’s own weighbridge reading is a pressure point. Disputes over 50–80 kg on a 10-tonne load aren’t uncommon, and the buyer almost always wins that argument unless you have your own certified slip. Put a number on it: at ₹36.00/kg, an 80 kg discrepancy is ₹2,416 gone in silence.
• Documentation: with GST checks tightened at the mandi entry points, a clean e-way bill and tax invoice is now part of the grading conversation, not an afterthought. Registered buyers can claim the 18% input credit and will pay more for material that arrives with proper paperwork than for identical steel arriving without it.

Scrap that arrives pre-sorted – segregated by grade, baled where possible, dry, and accompanied by a basic delivery note – consistently gets better treatment at the gate. That’s not generosity from the buyer. It’s risk pricing. You can check the Bureau of Indian Standards classification framework to understand exactly how mills define and verify heavy melting scrap grades.

First-timers get taken here purely for not knowing the local mechanics. A few things that make a genuine difference to your realisation:

• The one-tonne line. Bulk sellers with a tonne or more negotiate directly with furnace owners. Anything smaller goes through an aggregator, and the aggregator’s margin comes out of your rate. Build to a full load before you travel.
• Where to go. The furnace owners are along GT Road and in Industrial Area Phase I and II. Loha Bazar and the Motia Khan area around Nand Lal Market are where the traders and brokers sit. Selling to a trader is faster; selling to a furnace pays better.
• Payment cycles run 24–48 hours for regular suppliers. If someone wants 15 or 30 days on a first deal, price that delay in or walk.
• Use the town’s own weighbridges. Gobindgarh has dedicated public weighbridges. Getting your certified slip before you reach a buyer’s gate removes the single most common argument in this market.
• Call three, not one. Quotes on identical material routinely differ ₹1–2/kg across the mandi on the same morning. That’s ₹10,000–₹20,000 on a 10-tonne load for the price of two phone calls.

The Two Market Clocks Nobody Explains

Think about it this way: Gobindgarh’s scrap market runs on two clocks. The first is the billet demand clock, driven by construction cycles and export orders for TMT bars. The second is the furnace maintenance clock, which follows heat and festival breaks. The two clocks don’t always sync. When billet demand is strong but furnaces are in maintenance rotation, you get the unusual situation of rates staying firm even with lower throughput.

Pre-Diwali is consistently the worst window to push prices in Punjab. Furnaces cut buying 10–12 days before the festival as workers go on leave and transport availability drops. Scrap piles up in yards, sellers get desperate to clear inventory, and rates drop by ₹2–4/kg in the two weeks around the festival – typically the last week of October through mid-November. Sellers who hold until post-Diwali restocking almost always recover that gap and then some.

Here’s a detail that catches out traders who work both regions: this Punjab pattern runs opposite to Maharashtra’s. In clusters like Jalna, mills rush to clear finished goods before the holiday, which briefly lifts scrap intake. In Gobindgarh, the labour break dominates and buying simply stops. Same festival, opposite effect on your rate. You can see how broader Punjab and Maharashtra demand patterns connect in the guide on best places to sell scrap iron in Maharashtra, which maps demand clusters by region.

What Moved the Gobindgarh Board This Fortnight (6–17 October 2026)

The board fell ₹2,100 on every grade in the week to 13 October, then tried to bounce and could not. Billet and ingot ₹48,700 → ₹46,600, CRC ₹42,200 → ₹40,100, end cutting ₹41,200 → ₹39,100, melting ₹39,700 → ₹37,600, old scrap ₹36,200 → ₹34,100 – a parallel ₹2,100 cut across the local board. BigMint’s index then rose ₹300 to ₹41,100 on 14 October (“scrap and finished steel prices rebounded after a six-day decline, but buyers remained cautious”) and fell ₹400 to ₹40,700 on the 15th with no major trade in either session. The provider has not re-quoted the scrap board since 13 October; today it issued finished goods, cast iron and rolling scrap, all lower.

Finished steel led every leg. BigMint 12 October: Mandi rebar −₹600 to ₹52,900, billet −₹450 to ₹47,450. BigMint 15 October: billet −₹400 to ₹46,600, HMS −₹400 to ₹37,500, patra −₹500 to ₹50,500. Provider 2 November 2026: TMT 12 mm ₹51,600 (−₹300), patra ₹49,700 (−₹300), G-pipe ₹50,700 (−₹200), angle, T-iron and Z-section −₹100, rolling scrap −₹400 to −₹800 across the ladder. Thirteen of fifteen finished lines lower in one morning. A re-roller selling patra ₹3,500 cheaper than twelve days ago cannot pay last fortnight’s price for scrap, and is not.

Mills are managing inventory and buying need-based. BigMint, 15 October: “Scrap procurement stayed limited as finished steel demand remained sluggish, while some local mill owners continued to manage inventory pressure. Although scrap arrivals were healthy, mills preferred need-based and cautious buying rather than aggressive procurement.” A second primary-mill price hike was announced into this and, like the first on 5 October, was not followed by the secondary market.

The two spreads say prepared scrap has held up better than the semi. End cutting over old scrap is still ₹5,000 on the local board. BigMint’s end-cutting-to-billet spread widened to ₹5,800–6,200 on 15 October from ₹5,200–5,600 – billet fell faster than end cutting. Sponge iron held at ₹34,000 and Alang HMS at ₹37,300 (16 October). Those are the only things on the board that stopped falling this week, and none of them is a reason for scrap to rise.

Mandi Gobindgarh Scrap Rate FAQs

If you want to understand the most common errors that cost sellers money during this window, the scrap seller mistakes to avoid page covers grading and timing failures in detail. For transport cost planning before committing to a long-distance buyer in Punjab, the guide on scrap steel transportation in India is worth reading before the truck rolls.

All rate figures cited here are indicative and subject to daily market movement as of November 2026. Ferrous benchmarks are cross-checked against the main Iron Scrap Rate hub; non-ferrous and smaller-town figures are dealer-surveyed indications. Confirm directly with your Gobindgarh buyer or a verified dealer like SteelBaba before loading.