Iron Scrap Rate Today – (30 October 2026)
Iron scrap prices across India are showing sharp regional divergence on 30 October 2026 (12:00 PM IST). In Maharashtra, today’s verified Jalna mill rate sheet lists Rolling Scrap at ₹39,500/MT (₹39.50/kg), Iron Punching Scrap at ₹39,300/MT (₹39.30/kg), Melting Scrap at ₹37,300/MT (₹37.30/kg), Super Iron Scrap (Mix Grade) at ₹36,300/MT (₹36.30/kg), and LC/L2 at ₹31,300/MT (₹31.30/kg), ex-mill before 18% GST.
In North India, Mandi Gobindgarh holds steady with End Cutting at ₹38,600/MT, CRC Scrap at ₹39,600/MT, Melting Scrap at ₹37,100/MT, Old Scrap at ₹33,600/MT, and MS Billet/Ingot at ₹46,300/MT. Intraday buying lifted Mumbai MS Billet (+₹500 to ₹46,500/MT), Batala Steel-Grade Pig Iron (+₹500 to ₹44,000/MT), and scrap in Ahmedabad & Nagpur (+₹300), while Goa MS Ingot (−₹900 to ₹45,100/MT) and Bhavnagar Billet (−₹500 to ₹45,400/MT) corrected.
₹39,300
JALNA · IRON PUNCHING SCRAP (₹/MT)
₹38,600
GOBINDGARH END CUTTING · CRC ₹39,600 · MELTING ₹37,100 (0)
₹36.30/kg
JALNA MIX IRON SCRAP · MILL VERIFIED
₹95.26
USD / INR (−0.05 🔻 AT 12:00 PM IST)
Scrap Iron Prices (City-Wise)
| Place (City) | State | Product (Mix Iron Scrap) | Price (₹) PMT (Intraday Change) |
|---|---|---|---|
| Jalna | Maharashtra | Mix Iron Scrap | 36300 |
| Delhi | Delhi | Old / Melting Scrap | 38600 (▲100) |
| Muzaffarnagar | Uttar Pradesh | Old / Melting Scrap | 37800 (0) |
| Bhavnagar | Gujarat | Old / Melting Scrap | 37200 (▼300) |
| Mandi Gobindgarh | Punjab | Melting / Old Scrap | 37100 / 33600 (0) |
| Raipur | Chhattisgarh | Old / Melting Scrap | 37100 (0) |
| Vadodara | Gujarat | Melting Scrap | 37000 (0) |
| Indore | Madhya Pradesh | Melting / Old (Mix) Scrap | 36800 / 35000 (0) |
| Ghaziabad | Uttar Pradesh | Old Iron Scrap | 36000 (▼200) |
| Ahmedabad | Gujarat | Old / Melting Scrap | 35300 (▲300) |
| Kotdwar | Uttarakhand | Old / Melting (95% FOR) | 34600 (▲100) |
| Nagpur | Maharashtra | Old / Melting Scrap | 34300 (▲300) |
| Kanpur | Uttar Pradesh | Old / Melting Scrap | 32500 (0) |
| Jalna (Open Market) | Maharashtra | Dealer Super / Melting | 32000 / 33000 (0) |
| Mumbai | Maharashtra | Mix / Melting Iron Scrap | 36500 (0) |
| Raigad | Maharashtra | Mix Iron Scrap | 35900 (0) |
| Ludhiana | Punjab | Mix Iron Scrap | 35900 (0) |
| Alang | Gujarat | Ship-Breaking HMS | 36400 (0) |
| Kolkata | West Bengal | Mix Iron Scrap | 36500 (0) |
| Durgapur | West Bengal | Mix Iron Scrap | 36000 (0) |
| Jaipur | Rajasthan | Mix Iron Scrap | 34600 (0) |
| Hyderabad | Telangana | Mix Iron Scrap | 33800 (0) |
| Chennai | Tamil Nadu | Mix Iron Scrap | 35700 (0) |
Today’s Key Market Snapshot – 30 October 2026 (11:00 AM & 12:00 PM IST Verified)
| Market / Grade | ₹/MT | Intraday Change | Source & Timestamp |
|---|---|---|---|
| Jalna – Rolling Scrap | 39,500 | ₹39.50/kg · Top mill grade | 🟢 Mill Verified (30 October 2026) |
| Jalna – Iron Punching | 39,300 | ₹39.30/kg · +₹3,000 over Super | 🟢 Mill Verified (30 October 2026) |
| Jalna – End Cut / Structure & TMT | 38,300 / 37,800 | ₹38.30/kg / ₹37.80/kg | 🟢 Mill Verified (30 October 2026) |
| Jalna – Melting / Super (Mix) | 37,300 / 36,300 | ₹37.30/kg / ₹36.30/kg (Open mkt: 33k/32k) | 🟢 Mill Verified (30 October 2026) |
| Jalna – Turning / LC & L2 | 33,000 / 31,300 | ₹33.00/kg / ₹31.30/kg | 🟢 Mill Verified (30 October 2026) |
| Gobindgarh – CRC / End Cutting | 39,600 / 38,600 | 0 (Unchanged) | 🔵 11:00 AM IST |
| Gobindgarh – Melting / Old Scrap | 37,100 / 33,600 | 0 (Unchanged at Noon) | 🔵 12:00 PM IST |
| Gobindgarh – MS Billet & MS Ingot | 46,300 / 46,300 | 0 (Unchanged at Noon) | 🔵 12:00 PM IST |
| Mumbai – MS Billet | 46,500 | ▲ +500 🔼 | 🔵 12:00 PM IST |
| Goa – MS Ingot | 45,100 | ▼ −900 🔻 | 🔵 12:00 PM IST |
| Delhi – Old / Melting HMS | 38,600 | ▲ +100 🔼 | 🔵 12:00 PM IST |
| Batala – Pig Iron (Steel Grade) | 44,000 | ▲ +500 🔼 (Foundry: ₹47,000) | 🔵 11:00 AM IST |
| USD / INR | 95.26 | ▼ −0.05 at 12 PM (95.21 at 11 AM) | 🔵 12:00 PM IST |
Loha / Iron Scrap Rate Today – 31 Cities (30 October 2026)
Today’s Iron Scrap Rate | Grade Wise
| Grade | Range (₹/kg) | Midpoint (₹/MT) | Movement |
|---|---|---|---|
| CRC / Iron Punching Scrap | ₹39.30 – ₹39.60 | ₹39,450 | ↗️ Jalna Punching ₹39,300 · Mandi CRC ₹39,600 |
| Rolling / Rerolling Scrap | ₹38.50 – ₹39.50 | ₹39,500 | ↗️ Jalna Mill Card top line at ₹39,500/MT |
| End Cutting Scrap | ₹38.30 – ₹38.60 | ₹38,450 | ➡️ Jalna ₹38,300 · Mandi Gobindgarh ₹38,600 (0) |
| HMS 1 / Melting Scrap | ₹36.80 – ₹38.60 | ₹37,200 | ↗️ Delhi ₹38,600 (+100) · Jalna Mill ₹37,300 · Mandi ₹37,100 |
| Super Iron Scrap (Mix Grade) | ₹35.30 – ₹36.30 | ₹36,300 | 🟢 Jalna Mill-Verified Super at ₹36,300/MT |
| HMS 2 / Old Iron Scrap | ₹33.60 – ₹36.00 | ₹34,500 | ➡️ Mandi Old ₹33,600 (0) · Indore Old ₹35,000 · Ghaziabad ₹36,000 (−200) |
| Turning / Boring Scrap | ₹31.00 – ₹33.00 | ₹33,000 | ➡️ Jalna Mill Card verified at ₹33,000/MT |
| LC / L2 (Light Melting Scrap) | ₹30.00 – ₹31.30 | ₹31,300 | ➡️ Jalna Mill Card verified at ₹31,300/MT |
| Pig Iron (Steel Grade) | ₹43.00 – ₹44.50 | ₹44,000 | ↗️ Batala +₹500 to ₹44,000 · Ludhiana ₹44,500 · Jalandhar ₹43,000 |
| Pig Iron (Foundry Grade) | ₹47.00 – ₹47.20 | ₹47,100 | ➡️ Ludhiana ₹47,200 · Jalandhar ₹47,100 · Batala ₹47,000 (0) |
Not sure whether your lot qualifies as Super, Melting, or Punching grade?
Send a photo on WhatsApp →A single city headline rate is useless unless you know the grade basis. In our 31-city interactive table below, Prepared / Melting tracks clean, sorted industrial or melting material (such as Punching, End Cutting, or HMS Melting), while Super / Old / Mixed Yard tracks standard mixed collection or old scrap. In Jalna today, the mill-verified sheet pays ₹39,300/MT for Punching and ₹36,300/MT for Super (Mix Iron Scrap), whereas open-market dealer quotes sit lower at ₹33,000/MT (Melting) and ₹32,000/MT (Super). Filter by state or tap any column header to sort live.
Showing all cities
| City ↕ | Prepared / Melting (₹/MT) ↕ | Super / Old / Mixed (₹/MT) ↕ | Signal today (30 October 2026 · 12:00 PM IST) |
|---|---|---|---|
| Jalna (Mill Verified) | ₹39,300 | ₹36,300 | 🟢 Mill Card: Rolling ₹39,500 · Punching ₹39,300 · End Cut ₹38,300 · Melting ₹37,300 · Super (Mix) ₹36,300 · LC/L2 ₹31,300 |
| Mandi Gobindgarh | ₹38,600 | ₹33,600 | ➡️ End Cut ₹38,600 (0) · CRC ₹39,600 (0) · Melting ₹37,100 (0) · Old Scrap ₹33,600 (0) · Billet/Ingot ₹46,300 (0) |
| New Delhi | ₹38,600 | ₹34,500 | ↗️ Old/Melting HMS ₹38,600 (+₹100 🔼 at 11 AM & 12 PM IST) |
| Muzaffarnagar | ₹37,800 | ₹34,000 | ↗️ Melting Scrap ₹37,800 (0) · MS Billet ₹45,200 (+₹300 🔼) · MS Ingot ₹44,800 (+₹300 🔼) |
| Navi Mumbai | ₹38,100 | ₹34,200 | ↗️ Supported by Mumbai Billet hike (+₹500 🔼 to ₹46,500) |
| Bhavnagar | ₹37,200 | ₹33,500 | ↘️ Old/Melting ₹37,200 (−₹300 🔻) · MS Billet ₹45,400 (−₹500 🔻) at 12:00 PM IST |
| Raipur | ₹37,100 | ₹34,200 | ➡️ Old/Melting ₹37,100 (0) · MS Billet ₹42,800 (0) · MS Ingot ₹42,400 (0) at 12:00 PM IST |
| Vadodara | ₹37,000 | ₹33,800 | ➡️ Vadodara Melting ₹37,000 (0) at 12:00 PM IST |
| Mumbai | ₹36,900 | ₹36,500 | ↗️ MS Billet jumped +₹500 🔼 to ₹46,500/MT at 12:00 PM IST; coastal scrap firm |
| Indore | ₹36,800 | ₹35,000 | ➡️ Indore Melting ₹36,800 (0) · Indore Old (O) ₹35,000 (0) at 12:00 PM IST |
| Ludhiana | ₹38,500 | ₹35,900 | ➡️ Pig Iron Foundry ₹47,200 (0) · Pig Iron Steel Grade ₹44,500 (0) at 11:00 AM IST |
| Ghaziabad | ₹36,800 | ₹36,000 | ↘️ Ghaziabad (Old) ₹36,000 (−₹200 🔻) at 12:00 PM IST |
| Ahmedabad | ₹35,300 | ₹32,800 | ↗️ Old/Melting Scrap ₹35,300 (+₹300 🔼) at 12:00 PM IST |
| Kotdwar | ₹34,600 | ₹32,500 | ↗️ Scrap (95% FOR) ₹34,600 (+₹100 🔼) · MS Ingot ₹44,300 (+₹100 🔼) at 12:00 PM IST |
| Nagpur | ₹34,300 | ₹32,000 | ↗️ Old/Melting Scrap ₹34,300 (+₹300 🔼) at 12:00 PM IST |
| Jalna (Open-Market Quote) | ₹33,000 | ₹32,000 | 🔵 Provider 12 PM quote: Melting ₹33,000 (0) · Super ₹32,000 (0) — ₹4,300 below Mill Card |
| Kanpur | ₹32,500 | ₹30,200 | ➡️ Old/Melting Scrap ₹32,500 (0) at 12:00 PM IST |
| Pune | ₹38,500 | ₹33,570 | ➡️ MIDC clean lots firm; mixed yard baseline ₹33,570 |
| Alang | ₹37,300 | ₹35,800 | ➡️ Ship-breaking HMS steady |
| Durgapur | ₹36,000 | ₹32,500 | ➡️ Steady eastern furnace demand |
| Kolkata | ₹36,500 | ₹33,000 | ➡️ Steady |
| Hyderabad | ₹34,600 | ₹33,500 | ➡️ Steady sponge-blended market |
| Bengaluru | ₹35,400 | ₹32,900 | ➡️ Steady |
| Chennai | ₹35,700 | ₹32,500 | ➡️ Supported by Ennore/Kamarajar port DGFT scrap lane addition |
| Jaipur | ₹34,600 | ₹31,800 | ➡️ Range-bound |
| Bhiwadi | ₹33,700 | ₹30,800 | ➡️ Range-bound |
| Faridabad | ₹34,900 | ₹31,800 | ➡️ Tracking NCR +₹100 firming |
| Jammu | ₹35,700 | ₹31,500 | ➡️ Steady |
| Rourkela | ₹36,500 | ₹31,200 | ➡️ Steady |
| Jamshedpur | ₹34,100 | ₹31,200 | ➡️ Range-bound |
| Coimbatore | ₹33,600 | ₹31,100 | ➡️ Steady |
Iron scrap rate today, 30 October 2026 (12:00 PM IST). Prepared = sorted industrial / melting grade. Super / Old / Mixed = collection-yard mix or Super grade.
At a Glance: Which Grade, Which City
Built automatically from today’s verified tables · 30 October 2026
Which grade is worth more? (₹/MT, national midpoint)
Top 8 highest-paying hubs today (prepared, ₹/MT)
Total Scrap Value Calculator
Pick a grade, enter quantity and your freight cost – see what you actually keep
📟 Indicative Value Calculator
Rate auto-fills from the grade you pick – edit it if your buyer quoted something different.
Indicative calculation using today’s verified rate table. Excludes 18% GST.
Get a real quote on WhatsApp →Jalna Mill-Verified Rate Card vs Open Market (30 October 2026)
🟢 Verified directly from the Jalna Mill ERP Sheet · Mill SUPER Rate = ₹36.30/kg (₹36,300/MT)
In Jalna, understanding the difference between the Mill Verified Card and the Open-Market Broker Quote is critical because scrap rates are highly volatile. Today’s 12:00 PM IST third-party provider feed quotes generic Jalna Super at ₹32,000/MT and Jalna Melting at ₹33,000/MT. However, the live Jalna Mill Setting Sheet is paying ₹36,300/MT (₹36.30/kg) for Super (Mix Iron Scrap), ₹37,300/MT (₹37.30/kg) for Melting, ₹39,300/MT (₹39.30/kg) for Punching, and ₹39,500/MT (₹39.50/kg) for Rolling. Selling against the generic broker number instead of the mill card leaves ₹4,300/MT on the table—or ₹43,000 on a single 10-tonne truck.
| Jalna Mill Grade | Rate (₹/MT) | Rate (₹/kg) |
|---|---|---|
| Rolling | ₹39,500 | ₹39.50 |
| Punching | ₹39,300 | ₹39.30 |
| End Cut | ₹38,300 | ₹38.30 |
| Structure | ₹37,800 | ₹37.80 |
| TMT | ₹37,800 | ₹37.80 |
| Melting | ₹37,300 | ₹37.30 |
| Super | ₹36,300 | ₹36.30 |
| Heavy | ₹35,300 | ₹35.30 |
| Turning | ₹33,000 | ₹33.00 |
| LC | ₹31,300 | ₹31.30 |
| L2 | ₹31,300 | ₹31.30 |
What You Actually Keep: Jalna Mill Card vs Out-of-State Hubs
With Jalna Punching at ₹39,300/MT and End Cut at ₹38,300/MT on today’s mill sheet, Jalna now beats Mandi Gobindgarh’s local End Cutting rate (₹38,600/MT) and Delhi’s HMS rate (₹38,600/MT) even before counting freight. Once road transport and working-capital delays are deducted, keeping your material in Jalna is the clear winner:
| Where You Sell | Quoted Rate (₹/MT) | Road Freight | Net After Freight | Payment Cycle | Working Capital Cost | Real Net Value |
|---|---|---|---|---|---|---|
| 🏆 Jalna Mill (Punching) | ₹39,300 | ₹0 | ₹39,300 | Same day / 24 hrs | ₹0 | ₹39,300 |
| 🏆 Jalna Mill (Super / Mix) | ₹36,300 | ₹0 | ₹36,300 | Same day / 24 hrs | ₹0 | ₹36,300 |
| Mandi Gobindgarh (End Cut) | ₹38,600 | − ₹4,000 | ₹34,600 | 30–60 days | − ₹1,040 | ₹33,560 |
| Delhi (Melting HMS) | ₹38,600 (+100) | − ₹3,500 | ₹35,100 | 15–30 days | − ₹520 | ₹34,580 |
| Mumbai (Melting) | ₹36,900 | − ₹1,300 | ₹35,600 | 15–30 days | − ₹530 | ₹35,070 |
| Bhavnagar (Melting) | ₹37,200 (−300) | − ₹2,400 | ₹34,800 | 15–30 days | − ₹520 | ₹34,280 |
📲 SELL SCRAP IN JALNA – DIRECT MILL-LINKED SETTLEMENT
Punching at ₹39,300/MT & Super at ₹36,300/MT today.
We buy iron and steel scrap in Jalna across all 11 mill grades—Rolling (₹39,500), Punching (₹39,300), End Cut (₹38,300), Structure/TMT (₹37,800), Melting (₹37,300), and Super Mix (₹36,300)—with certified weighbridge slips, GST invoices, and same-day/24-hour settlement.
Mandi Gobindgarh, MS Billet, MS Ingot & Pig Iron Rates – 30 October 2026
🔵 Verified 11:00 AM IST & 12:00 PM IST Market Feeds · All rates in ₹/MT excluding 18% GST
Between 11:00 AM and 12:00 PM IST today, Mandi Gobindgarh held completely flat across both semis and scrap, providing a stable anchor for Northern induction furnaces ahead of the early-November pre-Diwali slowdown. Elsewhere, regional order books drove sharp intraday moves: Mumbai MS Billet jumped ₹500 to ₹46,500/MT, Muzaffarnagar Billet and Ingot both climbed ₹300, and Batala Steel-Grade Pig Iron gained ₹500 to ₹44,000/MT. Conversely, Goa MS Ingot dropped ₹900 to ₹45,100/MT and Bhavnagar MS Billet fell ₹500 to ₹45,400/MT.
1. Mandi Gobindgarh Live Pricing (11:00 AM & 12:00 PM IST)
| Mandi Gobindgarh Grade | Price (₹/MT) | Intraday Change | Verified Feed |
|---|---|---|---|
| MS Billet | ₹46,300 | 0 (Flat) | 🔵 11:00 AM & 12:00 PM IST |
| MS Ingot | ₹46,300 | 0 (Flat) | 🔵 11:00 AM & 12:00 PM IST |
| CRC Scrap | ₹39,600 | 0 (Flat) | 🔵 11:00 AM IST |
| End Cutting Scrap | ₹38,600 | 0 (Flat) | 🔵 11:00 AM IST |
| Melting Scrap | ₹37,100 | 0 (Flat) | 🔵 11:00 AM & 12:00 PM IST |
| Old Scrap | ₹33,600 | 0 (Flat) | 🔵 11:00 AM & 12:00 PM IST |
2. MS Billet & MS Ingot Prices Across India
| Market | Price (₹/MT) | Price (₹/KG) | Intraday Change |
|---|---|---|---|
| Mumbai | ₹46,500 | ₹46.50 | ▲ +500 🔼 |
| Mandi Gobindgarh | ₹46,300 | ₹46.30 | ▲ +300 🔼 |
| Bhavnagar | ₹45,400 | ₹45.40 | ▼ −500 🔻 |
| Muzaffarnagar | ₹45,200 | ₹45.20 | ▲ +300 🔼 |
| Raipur | ₹42,800 | ₹42.80 | 0 |
| Himachal Pradesh | ₹45,300 | ₹45.30 | 0 |
| Goa | ₹45,100 | ₹45.10 | ▼ −900 🔻 |
| Kotdwar | ₹44,300 | ₹44.20 | ▲ +100 🔼 |
| Raipur | ₹42,400 | ₹42.4 | 0 |
3. Regional Old & Melting Scrap Selling Prices (12:00 PM IST)
| Market | Grade / Specification | Price (₹/MT) | Intraday Change |
|---|---|---|---|
| Jalna | Melting / Super (Mix) | ₹37,300 | 🟢 Mill Sheet |
| Delhi | Old / Melting HMS | ₹38,600 | ▲ +100 🔼 |
| Muzaffarnagar | Old / Melting Scrap | ₹37,800 | 0 |
| Bhavnagar | Old / Melting Scrap | ₹37,200 | ▼ −300 🔻 |
| Raipur | Old / Melting Scrap | ₹37,100 | 0 |
| Mandi Gobindgarh | Melting / Old Scrap | ₹37,100 | 0 |
| Vadodara | Melting Scrap | ₹37,000 | 0 |
| Indore | Melting / Old (O) | ₹36,800 | 0 |
| Ghaziabad | Old Scrap | ₹36,000 | ▼ −200 🔻 |
| Ahmedabad | Old / Melting Scrap | ₹35,300 | ▲ +300 🔼 |
| Kotdwar | 95% FOR Scrap | ₹34,600 | ▲ +100 🔼 |
| Nagpur | Old / Melting Scrap | ₹34,300 | ▲ +300 🔼 |
| Jalna | Dealer Melting / Super | ₹33,000 | 0 |
| Kanpur | Old / Melting Scrap | ₹32,500 | 0 |
4. Pig Iron Foundry & Steel Grade Prices
| Market | Grade | Price (₹/MT) | Intraday Change | Spread (Foundry over Steel) |
|---|---|---|---|---|
| Ludhiana | Foundry Grade | ₹47,200 | 0 | + ₹2,700/MT |
| Jalandhar | Foundry Grade | ₹47,100 | 0 | + ₹4,100/MT |
| Batala | Foundry Grade | ₹47,000 | 0 | + ₹3,000/MT |
| Ludhiana | Steel Grade | ₹44,500 | 0 | Baseline |
| Batala | Steel Grade | ₹44,000 | ▲ +500 🔼 | Up ₹500 today |
| Jalandhar | Steel Grade | ₹43,000 | 0 | Baseline |
Market Drivers, Trade Rules & Late-October 2026 Trends
Updated 30 October 2026 · Policy shifts, currency moves, and regional divergence shaping Indian & global scrap
1. Regional Divergence Replaces Uniform Correction: While Goa Ingot (−₹900) and Bhavnagar Billet/Scrap (−₹500/−₹300) softened today, buyers stepped in across Mumbai Billet (+₹500 to ₹46,500), Muzaffarnagar Billet/Ingot (+₹300), Batala Steel Pig Iron (+₹500), and Ahmedabad/Nagpur/Delhi/Kotdwar scrap (+₹100 to +₹300). 2. Jalna Mill Card Firmness: Jalna’s verified mill sheet is paying ₹39,500 for Rolling, ₹39,300 for Punching, and ₹36,300 for Super (Mix), offering a massive premium over open-market broker bids. 3. Currency & Policy: USD/INR at ₹95.26 keeps imported scrap landed costs high, even as DGFT’s new 11-port rule eases container clearance logistics.
- DGFT Expands Certificate-Free Scrap Import Lanes (Public Notice No. 35/2026-27): On October 21, 2026, the Directorate General of Foreign Trade expanded the list of designated sea ports permitted to clear unshredded metallic scrap without a Pre-Shipment Inspection Certificate (PSIC) from 8 to 11 ports—adding Hazira, Kamarajar (Ennore), and Adani Gangavaram—and opened clearance at Inland Container Depots (ICDs). While this trims container detention and port-to-furnace logistics costs in Gujarat and South India, it has not flooded the market because the weak Rupee keeps imported cargoes expensive.
- USD/INR at ₹95.26 Protects Domestic Scrap Floors: After printing ₹95.21 at 11:00 AM IST, the Rupee traded at ₹95.26 (−0.05) 🔻 at 12:00 PM IST. With containerised HMS 80:20 into Nhava Sheva quoted around $372–$375/MT CFR, currency conversion alone puts basic CFR cost near ₹35,700/MT—and adding $40–$45/MT for customs, port handling, and local haulage pushes landed imported scrap past ₹39,500/MT. That landed ceiling is why Mumbai billets rose ₹500 today to ₹46,500/MT and Jalna mills are comfortably paying ₹37,300–₹39,500/MT for clean domestic grades.
- Draft National Steel Policy Closes & EU Scrap Export Restrictions Loom: Stakeholder consultation on India’s Draft National Steel Policy closes today (October 30, 2026), reinforcing India’s push to raise scrap’s share in steelmaking toward 45% as national capacity targets 300–330 MT by 2030. Simultaneously, the European Union is finalising its non-OECD metal scrap export restriction list (due November 21, 2026, ahead of May 2027 enforcement), which is structurally tightening European shredded scrap availability for Indian West Coast buyers.
- Primary Mill Price Hikes vs. Pre-Diwali Secondary Market Positioning: Tier-1 Indian integrated steelmakers raised flat and long product list prices by ₹2,000–₹2,700/MT earlier in October to offset Australian coking coal and rail freight costs. In the secondary induction-furnace market, mills in Mumbai (+₹500), Muzaffarnagar (+₹300), Kotdwar (+₹100), Nagpur (+₹300), and Ahmedabad (+₹300) are locking in raw material ahead of the November 8 Diwali labour slowdown, while coastal ship-breaking hubs like Bhavnagar (−₹300 scrap / −₹500 billet) and Goa (−₹900 ingot) trimmed rates to clear month-end inventory.
Maharashtra Scrap Market: Jalna, Mumbai, Pune, Navi Mumbai & Nagpur (30 October 2026)
🏙️ JALNA · MILL VERIFIED SHEET
₹36,300 – ₹39,500/MT
Super (Mix) ₹36.30/kg · Melting ₹37.30/kg · Punching ₹39.30/kg · Rolling ₹39.50/kg
Jalna’s verified mill card leads Maharashtra today. While open-market broker feeds quote ₹32,000 for Super and ₹33,000 for Melting, direct mill intake pays ₹36,300/MT for Super (Mix Iron Scrap) and up to ₹39,500/MT for Rolling, with same-day settlement.
🏙️ MUMBAI & NAGPUR · 12:00 PM MOVE
Billet ₹46,500 (+₹500 🔼)
Mumbai HMS ₹36,500–₹36,900 · Nagpur Scrap ₹34,300 (+₹300 🔼)
Mumbai MS Billet gained ₹500/MT at noon to hit ₹46,500/MT—the highest billet quote on today’s board—while Nagpur melting scrap climbed ₹300/MT to ₹34,300/MT. High landed import costs at Nhava Sheva (USD/INR 95.26) continue to support Maharashtra furnace bids.
| Grade (₹/kg) | Mumbai | Pune | Jalna (Mill Card) | Best Net Return (Marathwada Seller) |
|---|---|---|---|---|
| 🔥 Rolling Scrap | ₹36.50 – ₹38.50 | ₹37.00 – ₹39.00 | ₹39.50 | ✅ Jalna wins outright + zero freight |
| 🔥 Iron Punching Scrap | ₹36.50 – ₹38.00 | ₹36.50 – ₹38.50 | ₹39.30 | ✅ Jalna wins outright + same-day cash |
| End-Cutting Scrap | ₹36.90 – ₹39.00 | ₹37.50 – ₹39.50 | ₹38.30 | ✅ Jalna nets more after ₹1.00–₹1.30/kg freight |
| Structure / TMT Scrap | ₹35.50 – ₹37.50 | ₹36.00 – ₹38.00 | ₹37.80 | ✅ Jalna wins clearly |
| Melting Scrap (HMS) | ₹36.50 – ₹36.90 | ₹35.50 – ₹37.50 | ₹37.30 | ✅ Jalna beats both before freight |
| Super (Mix Iron Scrap) | ₹33.85 – ₹35.50 | ₹33.57 – ₹35.00 | ₹36.30 | ✅ Jalna Mill Super beats Pune/Mumbai mixed |
| Turning / Boring | ₹28.00 – ₹31.00 | ₹28.50 – ₹31.50 | ₹33.00 | ✅ Jalna wins clearly |
| LC / L2 (Light Melting) | ₹28.50 – ₹30.50 | ₹29.00 – ₹31.00 | ₹31.30 | ✅ Jalna wins clearly |
Copper, Brass & Aluminium Scrap Rate Today (30 October 2026)
Always magnet-test mixed loads before dispatch: per kilogram, non-ferrous metals carry 10 to 40 times the value of iron scrap. Below are today’s indicative wholesale non-ferrous trade benchmarks alongside household kabadiwala and appliance pickup rates.
| Metal / Grade | Wholesale Rate (₹/kg) | Trend | Market Note |
|---|---|---|---|
| 🟠 Copper CC Rod / CCR Rod | ₹1,540 / ₹1,478 | 🔼 Firm | Highest-paid refined/rod forms |
| 🟠 Copper Armature (Plant / Bhatti) | ₹1,406 / ₹1,404 | 🔼 Firm | Jalna dealer board: Laal Maal ₹1,261 · Telewire ₹1,251/kg |
| 🟡 Brass Honey / Chadri / Purja | ₹970 / ₹962 / ₹930 | ➡️ Steady | Jalna dealer board Purja: ₹852–₹892/kg; household pickup ₹404–₹437/kg |
| ⚪ Aluminium Company Rod / Ingot | ₹363 / ₹354 | ➡️ Steady | Wire scrap ₹335/kg (Jalna board ₹315/kg) · Bartan ₹294/kg · Purja ₹250–₹254/kg |
| Gun Metal / Zinc / Lead | ₹1,095 / ₹339 / ₹203–₹213 | ⚖️ Stable | White battery scrap: ₹122/kg wholesale (₹80–₹130/kg household) |
| Household Kabadiwala Pickup (Iron / MS) | ₹20 – ₹42 / kg | ⚪ Doorstep | Small-lot doorstep collection; consolidate 200+ kg to sell at wholesale yard rates |
| Old Split / Window AC (1.5T Copper Coil) | ₹6,100 – ₹7,200 / unit | ⚪ Per Piece | Aluminium coil AC: ≈ ₹4,900/unit · Double-door Fridge: ≈ ₹2,300/unit · Ceiling Fan: ≈ ₹63/kg |
GST on Iron Scrap (HSN 7204): 18%, RCM & 2% TDS Compliance
| Transaction Type | Rule Applied | Who Pays / Deducts | Required Documentation |
|---|---|---|---|
| Unregistered Seller → Registered Buyer | 18% Reverse Charge (RCM) | Buyer self-assesses 18% GST & claims ITC | Certified weighbridge slip, buyer self-invoice, bank payment proof |
| Registered → Registered (Over ₹2.5 Lakh) | 2% GST TDS (1% CGST + 1% SGST or 2% IGST) | Buyer deducts 2% TDS & files GSTR-7 | Tax invoice (HSN 7204) + GSTR-7 TDS credit in your electronic cash ledger |
| Registered → Registered (Under ₹2.5 Lakh) | 18% Forward Charge | Seller charges & remits 18% GST | Standard GST tax invoice with e-Way Bill |
Iron Scrap Rate FAQs (30 October 2026)
On 30 October 2026 (12:00 PM IST), verified Jalna mill rates stand at ₹39,500/MT for Rolling, ₹39,300/MT for Punching, ₹37,300/MT for Melting, ₹36,300/MT for Super (Mix Iron Scrap), and ₹31,300/MT for LC/L2. In Mandi Gobindgarh, CRC scrap is ₹39,600/MT, End Cutting is ₹38,600/MT, Melting is ₹37,100/MT, and Old Scrap is ₹33,600/MT. Regional melting scrap trades at ₹38,600/MT (+₹100) in Delhi, ₹37,800/MT in Muzaffarnagar, ₹37,200/MT (−₹300) in Bhavnagar, ₹37,100/MT in Raipur, ₹37,000/MT in Vadodara, ₹36,800/MT in Indore, ₹35,300/MT (+₹300) in Ahmedabad, and ₹34,300/MT (+₹300) in Nagpur. All rates exclude 18% GST.
Today’s (30 October 2026) mill-verified Jalna rate card pays: Rolling ₹39,500/MT (₹39.50/kg), Punching ₹39,300/MT (₹39.30/kg), End Cut ₹38,300/MT (₹38.30/kg), Structure ₹37,800/MT (₹37.80/kg), TMT ₹37,800/MT (₹37.80/kg), Melting ₹37,300/MT (₹37.30/kg), Super (Mix Iron Scrap) ₹36,300/MT (₹36.30/kg), Heavy ₹35,300/MT (₹35.30/kg), Turning ₹33,000/MT (₹33.00/kg), and LC/L2 ₹31,300/MT (₹31.30/kg). Generic open-market broker feeds quote Jalna Super at ₹32,000/MT and Melting at ₹33,000/MT, meaning direct mill supply earns ₹4,300/MT more. Excludes 18% GST.
At 12:00 PM IST on 30 October 2026, Mandi Gobindgarh rates are unchanged (0): MS Billet ₹46,300/MT, MS Ingot ₹46,300/MT, CRC Scrap ₹39,600/MT, End Cutting ₹38,600/MT, Melting Scrap ₹37,100/MT, and Old Scrap ₹33,600/MT, excluding 18% GST.
At 12:00 PM IST on 30 October 2026, MS Billet prices are: Mumbai ₹46,500/MT (+₹500), Mandi Gobindgarh ₹46,300/MT (0), Bhavnagar ₹45,400/MT (−₹500), Muzaffarnagar ₹45,200/MT (+₹300), and Raipur ₹42,800/MT (0). MS Ingot prices are: Mandi Gobindgarh ₹46,300/MT (0), Himachal ₹45,300/MT (0), Goa ₹45,100/MT (−₹900), Muzaffarnagar ₹44,800/MT (+₹300), Kotdwar ₹44,300/MT (+₹100), and Raipur ₹42,400/MT (0).
On 30 October 2026 (11:00 AM IST), Pig Iron Foundry Grade is quoted at ₹47,200/MT (0) in Ludhiana, ₹47,100/MT (0) in Jalandhar, and ₹47,000/MT (0) in Batala. Pig Iron Steel Grade is at ₹44,500/MT (0) in Ludhiana, ₹44,000/MT (+₹500) in Batala, and ₹43,000/MT (0) in Jalandhar.
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