Hyderabad Scrap Rate Today – 1 October 2026 | Iron Scrap, HMS & Melting Scrap Prices
Steel Baba does not hold a verified Hyderabad iron scrap quotation for 1 October 2026 and will not print one. Hyderabad is a sponge-iron-led market – BigMint prices PDRI ex-Hyderabad daily – so the question for a seller here is what the furnace pays for scrap relative to the sponge it can blend instead. Nationally that spread was about ₹4,400/MT in scrap’s favour on 23 September (Mandi HMS melting ₹38,300 vs CDRI ₹33,900). The nearest verified mill sheet is Jalna, 450 km north-west, at ₹38,800/MT for Punching.
₹38,800
🟢 JALNA PUNCHING · NEAREST MILL SHEET · 1 OCT
₹41,000
🔵 MANDI END CUTTING · 1 OCT
₹33,900
🟠 CDRI SPONGE, MANDI DAP · BIGMINT 23 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 Hyderabad Today
Dated figures only · the market this city prices against
| Market / grade | Rate | Source |
|---|---|---|
| Hyderabad – sponge iron (PDRI, ex-Hyderabad) | tracked daily by BigMint; value paywalled | 🟠 Reference only |
| Mandi – CDRI vs HMS melting spread | ₹33,900 vs ₹38,300 (≈ ₹4,400) | 🟠 BigMint, 23 Sept – national reference |
| Jalna – Punching / Melting (nearest mill sheet) | ₹38,800 / ₹36,800 | 🟢 Mill sheet, 1 Oct |
| Patancheru / Jeedimetla / Medchal – industrial scrap | not re-verified; contamination deductions common | ⚪ dealer bands only |
How the Hyderabad Scrap Market Actually Works
Who buys, what competes, and where the freight sits
Hyderabad’s furnaces have a cheaper feed than scrap on the doorstep. The sponge-iron plants of Telangana and northern Andhra supply PDRI that BigMint prices ex-Hyderabad every day. When sponge is ₹4,000–5,000/MT under melting scrap – the national spread on 23 September – a furnace fills more of its charge with sponge and bids for ordinary mixed scrap soften. Clean, dense, sorted material still clears because it melts faster and cleaner; mixed loha does not.
Supply is industrial and often contaminated. Patancheru, Jeedimetla, Medchal and the pharma-chemical belt generate sheet, structural and vessel scrap that frequently carries paint, lining or chemical residue. Buyers deduct for it on sight. Separating clean structural from contaminated vessel steel before weighment is the single biggest price lever for a Hyderabad seller.
Distance to port and to Marathwada both matter. Imported HMS reaches Hyderabad via Chennai or Visakhapatnam with 500–700 km of inland freight on top of $365–375/t CFR, so imports rarely compete here. Jalna’s mill sheet is 450 km away by road; a Hyderabad seller with sorted punchings or end cut should price the haul (₹2,000–2,800/MT) against the local bid before deciding.
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 Hyderabad
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 |
Hyderabad Scrap Rate FAQs
Steel Baba does not hold a verified Hyderabad quotation for 1 October 2026 and does not publish one. Hyderabad prices against sponge iron (BigMint tracks PDRI ex-Hyderabad daily) and against the nearest mill sheet, Jalna, at ₹38,800/MT Punching and ₹36,800 Melting on 1 October. Expect deductions for paint, lining and chemical residue on industrial lots.
Because local induction furnaces can blend sponge instead of scrap. When sponge is ₹4,000–5,000/MT cheaper than melting scrap, as it was nationally on 23 September, furnaces buy less ordinary scrap and bids for mixed material fall first. Clean sorted grades are affected least.
Only for sorted, dense grades. Jalna’s mill sheet pays ₹38,800/MT for Punching and ₹37,800 for End Cut, same day; Hyderabad to Jalna is about 450 km, roughly ₹2,000–2,800/MT of freight. For mixed or contaminated material the haul is not worth it.
Selling bulk iron scrap from Hyderabad? 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.