Steel market update today (23 Jan 2026) shows mixed movement across India. MS ingot and scrap rates remained mostly firm with positive momentum in key markets like Gobindgarh, Jammu, Jaipur and Delhi. Below is the latest steel market update today including USD/INR, Gobindgarh market pricing, MS ingot prices and scrap prices.
📌 Table of Content
1) Steel Market Update Today: USD/INR Rate
USD/INR: ₹91.67 (+0.19) 🔼
2) Steel Market Update Today: Gobindgarh Market Prices (₹/Ton)
- MS Billet: ₹44,500 (+100) 🔼
- MS Ingot: ₹44,500 (+100) 🔼
- Old Scrap: ₹32,700 (+100) 🔼
- Melting Scrap: ₹36,200 (+100) 🔼
- End Cutting: ₹37,700 (+100) 🔼
- CRC Scrap: ₹38,700 (+100) 🔼
3) MS Ingot Price Today in India (₹/Ton)
Top markets today:
- Jammu: ₹44,500 (+100) 🔼
- Jaipur: ₹43,300 (+500) 🔼
- Mumbai: ₹43,200 (+400) 🔼
- Alang: ₹42,900 (+200) 🔼
- Goa: ₹42,100 (-300) 🔻
4) Scrap Price Today: Old & Melting Scrap Rates (₹/Ton)
Key scrap markets:
- Delhi: ₹37,700 (+300) 🔼
- Ghaziabad (Old): ₹36,400 (+100) 🔼
- Muzaffarnagar: ₹36,700 (+200) 🔼
- Ahmedabad: ₹32,000 (-500) 🔻
- Hyderabad: ₹30,500 (+400) 🔼
5) Steel Market Update Today: Key Highlights
✅ MS Ingot Highest: ₹44,500 (Jammu & Gobindgarh)
📈 Biggest Daily Jump: Jaipur (+₹500)
📉 Notable Drop: Goa (−₹300)
♻ Scrap Highest: Delhi ₹37,700
📉 Biggest Scrap Drop: Ahmedabad (−₹500)
Conclusion:
This steel market update today is helpful for contractors, traders and bulk buyers to plan purchases based on daily market movement.
We publish steel market update today reports regularly so buyers can track daily changes in MS ingot and scrap rates.
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Disclaimer: Rates for information only; may vary ±₹100 based on requirement.
❓ Frequently Asked Questions (FAQ)
Quick answers to common questions about today’s steel & scrap market rates.
Today’s MS ingot price in Gobindgarh is ₹44,500/ton (+₹100).
Delhi currently has the highest old/melting scrap price at ₹37,700/ton.
Yes. Rates may vary ±₹100 depending on requirement, quality, quantity, and deal terms.
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