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When it comes to initiatives on metal recycling, iron scrap plays a vital role. Put simply, iron scrap is discarded iron. With recycling, it can find new life. There are different types of scrap ironbundled scrap, heavy metal, turnings, etc., each requiring different recycling processes.

The demand for iron scrap has been stable over time, with scrap iron prices ranging between ₹28 and ₹38 per kg in India. There are other grades of iron scrap and MS scrap available, their prices varying as per their quality, availability, purity, and other parameters.

Let’s take a look at the iron scrap rate today in top cities, understand iron scrap price trends, and what to expect in the future.

Iron Scrap Rate in India (May – July 2025)

Scrap Type May 2025 Price (₹/kg) June 2025 Price (₹/kg) July 2025 Price (₹/kg)
HMS 1 Scrap 25 – 32 25 – 32 25 – 33
HMS 2 Scrap 25 – 32 25 – 32 25 – 33
P&S Scrap 25 – 32 25 – 32 25 – 33
Shredded Scrap 37 – 43 37 – 42 37 – 42
Melting Scrap 25 – 32 25 – 32 25 – 33
End Scrap 25 – 32 25 – 32 25 – 33
CRC Scrap 28 – 33 28 – 33 28 – 33
Iron Scrap (Standard) 25 – 32 25 – 32 25 – 38
Iron Scrap (>95% Pure) 33 – 37 33 – 37 33 – 38
Iron Scrap (Industrial) 38 – 45 38 – 44 38 – 44
Cast Iron Scrap (Industrial) 30 – 35 30 – 34 30 – 34
Cast Iron Scrap (Foundry) 22 – 27 22 – 27 22 – 28
MS Iron Scrap (Industrial) 28 – 33 28 – 33 28 – 32
Iron Sheet Scrap 37 – 43 37 – 42 36 – 40

Note: The prices are indicative and may vary based on the order quantity, dealer, and location. For precise and up-to-date pricing, contact the authorised distributors

This provides a comprehensive overview of price trends for the last three months and the current month’s rates (July 2025).

Also read: Mandi Gobindgarh rates today – Iron scrap, MS ingots, MS billets

Price of 1 kg of Iron Scrap in India Today

Price of Iron scrap in India

The rate of iron scrap fluctuates based on market conditions, domestic demand, availability, and the type of scrap.

The cost of a kg of iron scrap in India as of July 2025 is ₹25 to ₹44, depending on the type and quality of scrap. 

For most standard iron scrap (HMS 1, HMS 2, melting scrap) the approximate cost is ₹28 to ₹33. For premium grades of iron scrap, there is the highest cost structure, with industrial iron scrap and >95% pure iron scrap selling for as much as ₹44. 

The price varies greatly across cities, and the purity/percentage of iron content and the type of scrap. As a buyer/seller of iron scrap, it’s recommended to understand the grade of scrap first before buying/selling.

Factors Affecting Iron Scrap Prices in India

  • Type and Grade of Scrap: Pricing can vary for HMS 1, HMS 2, shredded, CRC, cast iron, melting scrap, etc. Scrap material with the highest purity, or industrial grades, benefits from a price premium.
  • Iron Content and Purity: Scrap that is >95% iron purity can receive a price advantage compared with mixed or low-grade scrap.
  • Domestic and Global Demand: Rising demand from the construction, infrastructure, and manufacturing sectors may drive prices higher.
  • Supply and Availability: Limited local scrap markets or a lack of local collection can substantially increase scrap prices.
  • City and regional variations: Depending on logistics, local taxes, and availability from the city (for example, Mumbai and Kolkata), the scrap price can vary.

Tip: Always check the current rate and confirm the grade of the iron before selling or buying iron scrap.

Price of Iron Scrap in Bangalore

In Bangalore, Karnataka, the scrap iron price trend has been stable over the years. That is, between ₹25 to ₹32 per kg for standard iron scrap.

  • Price of scrap iron with high purity (~95% or more): ₹33 to ₹38 per kg
  • Price of industrial-grade scrap (iron sheet or heavy melting scrap): ₹38 to ₹45 per kg (industrial use).
Iron Scrap Type Price per kg Price per tonne
Iron Scrap (Standard) ₹25 – ₹32/kg ₹25,000 – ₹32,000/tonne
Iron Scrap (>95% Pure) ₹33 – ₹37/kg ₹33,000 – ₹37,000/tonne
Iron Scrap (Industrial) ₹38 – ₹45/kg ₹38,000 – ₹45,000/tonne
Cast Iron Scrap (Industrial) ₹30 – ₹35/kg ₹30,000 – ₹35,000/tonne
Cast Iron Scrap (Foundry) ₹22 – ₹27/kg ₹22,000 – ₹27,000/tonne
MS Iron Scrap (Industrial) ₹28 – ₹33/kg ₹28,000 – ₹33,000/tonne
Iron Sheet Scrap ₹37 – ₹43/kg ₹37,000 – ₹43,000/tonne

*Prices are indicative and subject to change. Does not include tax, freight, packaging, and other charges. It can vary based on seller, location, and type. Please check with your iron scrap seller on final prices.

Also read: Daily steel prices in Bangalore

Price of Iron Scrap in Mandi Gobindgarh

Known as the steel city of Punjab or ‘loha mandi’, Mandi Gobindgarh is a leading steel hub in India. Along with Ludhiana, it remains a popular place for procuring steel and iron, especially in northern India. From cast iron scrap to MS scrap, there are different types of scrap iron that can be found here.

  • Old scrap (loha) rate today: ₹25 – ₹32 per kg
  • High-purity iron scrap (industrial loha): ₹33 – ₹38 per kg
  • Cast iron scrap (industrial, 80%–90% iron): ₹30 – ₹34 per kg
  • Cast iron scrap (foundry use): ₹22 – ₹28 per kg

Also read: Mandi Gobindgarh steel ingot price today

Apart from Mandi Gobindgarh, iron scrap is also available in other cities of Punjab, namely Ludhiana, Amritsar, among others. The price of iron scrap is relatively consistent across the cities with minor variations based on demand, iron scrap purity, grade (e.g., industry/foundry grade), and other factors.

Today Iron Scrap (Loha) Rate per kg in Punjab

City in Punjab Iron Scrap Price per kg Iron Scrap Price per tonne
Ludhiana ₹33 – ₹42/kg ₹33,000 – ₹42,000/tonne
Jalandhar ₹36 – ₹40/kg ₹36,000 – ₹40,000/tonne
Amritsar ₹33 – ₹40/kg ₹33,000 – ₹40,000/tonne
(Old iron scrap) ₹33 – ₹38/kg (corrected) ₹33,000 – ₹38,000/tonne
Hoshiarpur ₹33 – ₹44/kg ₹33,000 – ₹44,000/tonne

*Prices are indicative and subject to change. Please check with your iron scrap seller for the latest rates.

Price of Iron Scrap in Mumbai

Though there have been minor fluctuations in rates, the scrap iron prices per kg in Mumbai have been consistent over the months. The demand for scrap iron has been steady, considering its use in several sectors, including manufacturing and construction (especially in road and bridge construction). There are several reliable iron scrap distributors in Mumbai who offer different grades and types of scrap iron, with varying pricing points.

  • Price of standard scrap iron: ₹25 – ₹32 per kg
  • Price of high-purity iron scrap: ₹33 – ₹38 per kg
  • Price of industrial-grade iron: ₹38 – ₹44 per kg

*Prices are indicative and subject to change. Please verify the final rate card with your iron scrap seller or distributor.

Iron scrap rate today per kg in Mumbai

Iron Scrap Type Price per kg Price per tonne
Iron scrap (standard) ₹25 – ₹32 ₹25,000 – ₹32,000
Iron scrap (for the metal industry) ₹33 – ₹38 ₹33,000 – ₹38,000
Iron scrap (shredded) ₹37 – ₹42 ₹37,000 – ₹42,000
Cast iron scrap (industrial) ₹30 – ₹34 ₹30,000 – ₹34,000
MS iron scrap (construction grade) ₹28 – ₹34 ₹28,000 – ₹34,000
MS iron scrap (sheet metal) ₹35 – ₹39 ₹35,000 – ₹39,000
Sheet iron scrap (industrial grade) ₹38 – ₹44 ₹38,000 – ₹44,000
Mild Steel MS scrap rate (overall) ₹28 – ₹44 ₹28,000 – ₹44,000

*Prices are indicative and subject to change. Please check with your iron scrap seller/distributor for the final rate card.

Also read: Steel price list in Mumbai and Pune

Iron scrap and construction site

Price of Iron Scrap in Maharashtra

While Mumbai is one of the most popular cities in Maharashtra for procuring iron scrap, other cities like Pune, Satara, Thane, and Jalna are close behind.

Today iron scrap rate per kg in Maharashtra

City in Maharashtra Iron scrap price per kg Iron scrap price per tonne
Pune ₹29 – ₹42 ₹29,000 – ₹42,000
Thane ₹33 – ₹39 ₹33,000 – ₹39,000
Satara ₹32 – ₹42 ₹32,000 – ₹42,000
Satara (cast iron) ₹30 – ₹35 ₹30,000 – ₹35,000
Jalna ₹34 – ₹44 ₹34,000 – ₹44,000
Jalna (iron/steel scrap) ₹40 – ₹45 ₹40,000 – ₹45,000

*Prices are indicative and subject to change. Please check with your iron scrap seller for the latest rates.

Price of Iron Scrap in Hyderabad today

Hyderabad is the next city that is on our list for the scrap price trends in 2025. Based on the grades and purity of iron content, scrap iron prices vary widely in the city. As a pro-tip, when procuring iron scrap, ensure you check the minimum order quantity. Some sellers offer the best rates only on a minimum order quantity.

Iron and MS scrap rate today in Hyderabad, Telangana

Scrap Type Price per kg (₹) Price per tonne (₹)
General MS / Grey Iron Scrap ₹25 – ₹30 ₹25,000 – ₹30,000
Metal Sector / Industrial Scrap ₹28 – ₹32 ₹28,000 – ₹32,000
Cast Iron Scrap (Foundry Grade) ₹25 – ₹35 ₹25,000 – ₹35,000
Cast Iron Scrap (Industry Grade) ₹34 – ₹39 ₹34,000 – ₹39,000
MS Scrap (Overall Industrial) ₹24 – ₹36 ₹24,000 – ₹36,000

*Prices are indicative and subject to change. Please check details on prices, taxes, freight, and other charges with your iron scrap seller/distributor.

Price of Iron Scrap in Chennai

Chennai, the capital city of the southern state of Tamil Nadu, has a flourishing industrial and commercial outlook. Its robust economy is built around multiple thriving sectors, including automobile, software services, manufacturing, textiles, and more. Not surprisingly, the demand for iron and steel has been a constant in the city, with visible signs of steady progress.

Let’s take a look at the iron scrap rate in Chennai.

Iron scrap rate per kg in Chennai

Iron Scrap Type Price per kg Price per Tonne
ColorDark Grey Scrap ₹30 – ₹35 ₹30,000 – ₹35,000
Heavy Metals Scrap ₹27 – ₹32 ₹27,000 – ₹32,000
Metal Industry (HighPurity) ₹36 – ₹40* ₹36,000 – ₹40,000
Fine Slag-Type Scrap ₹30 – ₹35 ₹30,000 – ₹35,000
MS Industrial Grade Scrap ₹32 – ₹38 ₹32,000 – ₹38,000
Sheet Iron Scrap ₹36 – ₹40* ₹36,000 – ₹40,000
Brown Iron Scrap ₹30 – ₹34 ₹30,000 – ₹34,000

*Prices are indicative and subject to change. Please check details with your iron scrap seller for final prices and taxes, freight, and other charges.

Also read: Daily steel price per kg in Chennai

Price of Iron Scrap in Delhi

Delhi is often considered the largest commercial centre in northern India. Strategically located, its proximity to other business and industrial centres, namely NCR, Ghaziabad, Noida, and Gurgaon, adds to its growing economy.

From construction and real estate, to logistics, infrastructure development, tourism, agri, and processed food, the demand for steel, iron scrap, MS scrap, and other metals has been promising over the years. We take a look at the prices of ‘raddi’ or scrap in Delhi/NCR.

Price of iron scrap in Delhi/NCR

Scrap Type Price per kg (₹) Price per tonne (₹)
Ferrous Iron Scrap ₹33 – ₹38 ₹33,000 – ₹38,000
Foundry Iron Scrap ₹25 – ₹32 ₹25,000 – ₹32,000
Old Iron Scrap ₹33 – ₹38 ₹33,000 – ₹38,000
Galvanised / Metalsector Scrap ₹33 – ₹38 ₹33,000 – ₹38,000
Drum Sheet Iron Scrap ₹36 – ₹40 ₹36,000 – ₹40,000
Angle Iron Scrap ₹27 – ₹33 ₹27,000 – ₹33,000
Recyclable Iron Scrap ₹28 – ₹34 ₹28,000 – ₹34,000

*Prices are indicative and subject to change. Consult with your iron scrap seller for final prices, quality, and other factors before purchase.

Also read: Check the latest steel prices per kg in Delhi

Price of Iron Scrap in West Bengal

Kolkata, Hooghly, Howrah, Durgapur, Haldia, and Asansol are some of the popular cities/towns/districts in West Bengal with prosperous commercial and industrial activities. Steel production, manufacturing, engineering, logistics, and shipbuilding. These are some of the sectors in the state that make the demand for steel and iron steady.

Scrap iron price in Durgapur

Scrap Type Price per kg (₹) Price per tonne (₹)
Metalindustry Scrap ₹32 – ₹34 ₹32,000 – ₹34,000
MS Scrap (Industrial Grade) ₹31 – ₹34 ₹31,000 – ₹34,000
Sheet Iron Scrap ₹32 – ₹36 ₹32,000 – ₹36,000 (upper limit)
Cast Iron (“burada”) ₹30 – ₹35 ₹30,000 – ₹35,000
Brown Iron Scrap ₹30 – ₹33 ₹30,000 – ₹33,000

*Prices are indicative and subject to change. Consult with your iron scrap seller for final prices, quality, and other factors before purchase.  

In general, today’s iron scrap rate per kg can start from ₹25 per kg and go up to ₹42 per kg based on the grade/purity of iron scrap. There are more expensive grades priced between ₹45 per kg and ₹60 per kg, depending on the quality of the alloy.

It’s recommended to buy scrap based on the project’s needs and not settle for the most affordable option. When buying iron scrap, check for:

  • Scrap type and source (e.g., sheets)
  • Purity of iron (e.g., 80% or 90%)
  • Availability
  • Minimum order quantity
  • Other features (e.g., recyclable)

How to Buy or Sell Iron Scrap in India: A Simple Guide

Buy or sell iron scrap

Whether you are a small business, shredding facility, clearing old equipment, or a metal recycling company, buying or selling iron scrap in India can be painless as long as you know the steps to follow.

Selling Iron Scrap? Here are some steps to get started: 

  1. Sort and identify the type of scrap you have. For example, cast iron, MS scrap, sheet metal, etc.
  2. Get the scrap weighed from an authorized certified weighbridge or local scrap yard.
  3. Find out the price for today (similar to the ones mentioned above) to assist you in deciding if you are getting a fair deal.
  4. Refer to verified dealers or buyers in your city, or explore online profiles.
  5. Ensure you have proper paperwork, including an invoice, identity proof, and payment receipts.

Shopping for Iron Scrap? Here’s what to consider:

  1. Identify the type and grade of iron that fits your needs. (Is it industrial, cast, sheet, etc.)
  2. Compare prices from other suppliers and vendors to ensure you obtain value.
  3. Ask for details about quality or purity, especially if the scrap is for bulk or industrial use.
  4. If you are moving scrap across states, be mindful of e-way bills, GST invoices, or any other necessary documentation.

Key Documents Required for Iron Scrap Trade (Bulk Buyers & Sellers)

Key documents required for iron scrap trade

When dealing with bulk iron scrap for recycling, resale, or manufacturing outlets, you will need some paperwork. Having the necessary paperwork ensures that you meet legal requirements and also helps you avoid fines as you transport and audit your inventory.

You will likely need the following items: 

  • GST Registration: To make B2B purchases, invoices, and claim input credit.
  • PAN & Aadhaar: For Identification and KYC requirements, especially when dealing with dealers or forums and platforms.
  • Purchase/Sales Invoice: For accounting and taxation. Must include all scrap categories.
  • E-way Bill: For the movement of the scrap across city/state lines (if the consignment is worth more than ₹50,000).
  • Pollution Board Clearance: Required in some states if you are operating a full-blown scrap yard or dealing with industrial waste. 

Always keep your digital copies on hand and inspect all documents before scheduling transport. It will save you time and hassle at check posts or with buyers.

At Tata nexarc, we want to simplify steel procurement for you. We have partnered with leading steel suppliers and offer steel across multiple brands and types in one place. You can buy steel at the best prices, avail credit, get doorstep delivery, and more. For more information, get in touch with us now.

What drives the daily fluctuation of scrap iron prices in India?

Daily changes in prices result from demand-supply mismatch, international scrap prices, inflation in prices of fuel, and local transportation.

Is iron scrap permitted to be exported from India in 2025?

Yes, iron scrap can be exported in 2025, based on DGFT guidelines, along with certain quality checks, like ISRI Guidelines.

How do I see live iron scrap rates in my city?

You can check local scrap prices by using scrap marketplaces like ScrapExchange, B2B platforms, and metal trading apps or sites where prices are updated daily.

Do I have to pay GST on iron scrap purchases?

Yes, iron scrap includes GST, which is 18% on iron scrap, except in special cases, such as for unregistered sellers or where reverse charge applies.

What’s the difference between MS scrap and cast iron scrap?

MS scrap is malleable and used for construction, while cast iron scrap is brittle and used for foundry and machining industries.

Can small MSMEs purchase iron scrap from manufacturers?

Yes, if they meet the minimum order quantity and GST compliance, MSMEs can purchase directly from manufacturers or aggregators.

Is it profitable to recycle iron scrap in India?

Yes, iron scrap recycling can be a cheap and green business because steel plants and construction are always looking for iron scrap.

What quality checks are done before buying iron scrap?

Quality checks include magnetic separation, rust inspection, weight consistency, and chemical analysis for iron content.

Are there seasonal patterns for iron scrap prices in India?

Yes, there is generally a seasonal pattern with rising prices during construction booms (Oct–Mar) and seasonal lows during monsoons or other seasonal low-demand periods.

I want to start an iron scrap trading business in India. Where do I start?

You should start by registering your firm, applying for GST and pollution clearances, sourcing scrap from yards or auctions, and developing a network of buyers.

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.