Bangalore Scrap Rate Today – 1 October 2026 | Iron Scrap, HMS & Melting Scrap Prices
Steel Baba does not hold a verified Bangalore iron scrap quotation for 1 October 2026, and this page will not print one. What we can verify is the market Bangalore scrap is priced against: the Bellary–Hospet sponge-iron and steel belt (BigMint tracks CDRI and PDRI ex-Bellary daily), imported HMS at $365–375/t CFR for coastal buyers, and the national mill references – Jalna Punching ₹38,800/MT on the mill sheet and Mandi end cutting ₹41,000. Bangalore’s industrial turnings and busheling trade at a discount to those because of distance from both port and furnace.
₹38,800
🟢 JALNA PUNCHING · NATIONAL MILL REFERENCE · 1 OCT
₹41,000
🔵 MANDI END CUTTING · 1 OCT
$365–375/t
🟠 IMPORTED HMS CFR · BIGMINT 26 SEPT
₹95.97
USD/INR · 1 OCT
Where Steel Baba has no verified quotation for a city on the day, this page says so instead of printing a number. Different bases are never averaged.
What We Can Verify for Bangalore Today
Dated figures only · the market this city prices against
| Market / grade | Rate | Source |
|---|---|---|
| Bellary–Hospet – sponge iron (CDRI / PDRI, ex-Bellary) | tracked daily by BigMint; value paywalled | 🟠 Reference only |
| Imported HMS 80:20, CFR India (Chennai / Mangalore route) | $365–375/t ≈ ₹35,000–36,000 CFR | 🟠 BigMint weekly, 26 Sept |
| National mill reference – Jalna Punching | ₹38,800/MT | 🟢 Mill sheet, 1 Oct |
| Peenya / Bommasandra / Hosur – turnings & busheling | not re-verified; discount to mill grades for moisture and sorting | ⚪ dealer bands only |
How the Bangalore Scrap Market Actually Works
Who buys, what competes, and where the freight sits
Bangalore generates engineering scrap and has no furnace of its own to sell it to. Peenya, Bommasandra, Jigani and Hosur produce turnings, borings, punchings and busheling from machine shops and auto-component plants. That material travels either north to the Bellary–Hospet belt or to coastal rerollers, and the freight on that leg is what sits between a Bangalore yard quote and the published furnace price.
The competitor for Bangalore scrap is sponge iron, not imports. Bellary’s induction furnaces blend CDRI and PDRI that BigMint prices ex-Bellary every day; when sponge is cheap relative to scrap – as it has been nationally, with Mandi CDRI about ₹4,400 under HMS melting on 23 September – the furnace’s appetite for ordinary mixed scrap drops and bids for anything that is not clean, dry and sorted fall first.
Moisture and oil are the deductions that decide the price here. Turnings and borings carry cutting oil and coolant; a buyer will weigh, sample and deduct. Draining and sun-drying before weighment, and keeping stainless and aluminium swarf out of the ferrous load, moves a Bangalore lot from the bottom of the band toward the top faster than waiting for the market to.
National Reference Prices – 1 October 2026
The verified anchors every Indian scrap quote is measured against
| Market / grade | ₹/MT | Change | Source |
|---|---|---|---|
| Jalna – Punching (mill sheet) | ₹38,800 | +300 vs 26 Sept sheet | 🟢 Mill setting sheet, 1 Oct |
| Jalna – Melting / Super (mill sheet) | ₹36,800 / ₹35,800 | +300 | 🟢 Mill setting sheet, 1 Oct |
| Mandi Gobindgarh – End cutting | ₹41,000 | +300 d-o-d; +1,500 w-o-w | 🔵 Quoted 1 Oct, ScrapMarket agrees · 🟠 BigMint index ₹41,600 DAP (26 Sept) |
| Mandi Gobindgarh – Old scrap / MS ingot | ₹36,000 / ₹48,400–48,500 | +300 | 🔵 Quoted 1 Oct |
| Mumbai – HMS 80:20 | ₹36,500 DAP | stable d-o-d | 🟠 BigMint, 23 Sept |
| Imported HMS 80:20, CFR India | $365–375/t (≈ ₹38,200 landed incl. freight) | need-based buying | 🟠 BigMint weekly, 26 Sept |
| USD/INR | ₹95.97 | +0.09 | Indicative, 1 Oct 11:00 AM IST |
Three things are true across India this week and apply here. Semis firmed first – MS ingot is ₹1,200–2,000/MT higher than a week ago in six tracked markets and BigMint reported blast-furnace rebar rising on low mill inventories – so furnace bids for prepared scrap are recovering with a lag. Imports are not competing: containerised HMS at $365–375/t CFR lands near ₹38,200/MT and mills are buying need-based. And the recovery is from a low base: mills had cut procurement 50–60% in late September on oversupply (BigMint, 23 Sept), so two weeks of small rises is a direction, not yet a rally.
Selling Scrap Safely in Bangalore
The four checks that remove most of the risk
| Insist on | Why |
|---|---|
| Rate agreed by named grade before loading | Stops a regrade at the gate from rewriting the deal |
| Certified weighbridge slip | A 150 kg dispute on one truck is ₹5,000–6,000 at today’s rates |
| Tax invoice with GSTIN | Required for input credit; a buyer paying without one is discounting your material |
| Payment timing in writing | 30–60 day terms cost 2–4% of the load in money terms alone |
Bangalore Scrap Rate FAQs
Steel Baba does not hold a verified Bangalore quotation for 1 October 2026 and does not publish one. Bangalore scrap is priced against Bellary–Hospet furnace demand (BigMint tracks CDRI/PDRI ex-Bellary), imported HMS at $365–375/t CFR, and national references such as Jalna Punching ₹38,800/MT on the 1 October mill sheet. Get a written grade-wise quote and compare with these before loading.
Mostly induction furnaces in the Bellary–Hospet belt and coastal rerollers, via Peenya, Bommasandra and Hosur aggregators. Bangalore itself has sorting yards but little melting capacity, so freight to the furnace is built into every local quote.
Oil, coolant and moisture. Turnings are weighed wet and deducted; punchings are dry, dense and go straight into the furnace. On the Jalna mill sheet the gap is ₹5,000/MT (₹33,800 vs ₹38,800); Bangalore yards apply a similar structure.
Selling bulk iron scrap from Bangalore? Get a grade-wise quote against today’s mill sheet.
Send grade, approximate tonnage and location. We tell you plainly whether a Jalna sale beats your local bid after freight – and if it does not, we say so.