Today's Iron Scrap Rate in Bengaluru, Karnataka
Live Price per kg
₹37.54
Last updated: 20 May 2026
This is the wholesale baseline rate — what dealers receive when they sell to bulk recyclers. Actual pickup quotes for individual sellers typically run ₹5–7/kg lower depending on grade (clean HMS-1 vs mixed scrap), quantity (100 kg+ negotiates better), and pickup distance. Use the Get Quote button on any dealer below for a real, item-specific offer for your scrap.
Verified Iron Scrap Buyers in Bengaluru, Karnataka
24 & 25 umiya emporium opp forum mall Hosur Road SG palaya koramangla 560029
JB Steel Scrap Dealers
28th Main Road, 1, 39th Cross Rd, Kottapalya, Jayanagara 9th Block, Jayanagar, Bengaluru, Karnataka 560069, India
Sri Nanjundeshwara Scrap Buyers and Dealers, Bengaluru, Karnataka
54, 3rd Cross, Magadi Rd, NR Garden, Cholourpalya, Bengaluru, Karnataka 560023, India
Iron Scrap Market in Bengaluru
The iron scrap market in Bengaluru is significantly influenced by the city's relentless expansion and associated demolition activities. Supply streams are robustly sourced from older commercial structures being replaced by modern IT campuses and residential complexes across areas like Whitefield and Electronic City. Furthermore, structural iron from dismantled machinery, particularly from workshops servicing the automotive and heavy equipment sectors, forms a consistent supply base. Demand remains high, driven primarily by local fabrication units and the ongoing need for reinforcement in new construction projects, especially for cast iron components. Much of the bulk trading occurs in designated scrap yards situated near industrial peripheries, where material is sorted by type—from railway tracks to structural beams—before being processed for local manufacturing and repair needs.
About the scrap market in Bengaluru
Bengaluru is an alternate name entry for Bangalore (ID 3), Karnataka's IT capital. The city's tech-driven scrap market is powered by Peenya Industrial Area, Electronic City, and Whitefield tech parks. E-waste from IT companies and copper cabling command premium prices.
Massive e-waste volumes from servers, networking equipment, and old electronics command premium prices from CPCB-certified recyclers. Auto-component scrap and construction steel from metro expansion are also significant. Prices tend to be 5-8% above the Karnataka state average.
Key scrap markets are in Peenya, Rajajinagar, and KR Market. Most dealers offer pickup from 25 kg. E-waste should go to certified recyclers for best rates.
Selling Iron Scrap in Bengaluru, Karnataka?
Iron and steel scrap is the backbone of India's recycling industry, accounting for over 70% of all metal scrap traded by volume. In Bengaluru, iron scrap comes from construction demolition, old machinery, defunct vehicles, gates, pipes, and household items. The market distinguishes between HMS 1 (Heavy Melting Scrap — clean, heavy pieces over 6mm thick), HMS 2 (lighter, mixed quality), shredded steel, cast iron, and rebar offcuts — each commanding different rates.
Pro Tip for Iron Sellers in Bengaluru:
Separate your iron scrap by grade before selling. HMS 1 (clean, heavy steel plates and structural beams) fetches ₹43-45/kg — that's 15-20% more than mixed iron at ₹37.54/kg. Remove all non-metallic attachments like concrete, wood, rubber, and plastic to avoid weight deductions.
Iron Scrap Price Comparison — Bengaluru vs Karnataka
| Location | Price/kg | vs Bengaluru |
|---|---|---|
| Bengaluru (This city) | ₹37.54 | — |
| Karnataka State Avg (88 cities) | ₹36.51 | +1.03 |
| India Average | ₹36.00 | +1.54 |
| Bangalore | ₹38.15 | -0.61 |
| Sindhagi | ₹38.12 | -0.58 |
| Shivamogga | ₹37.87 | -0.33 |
| Belagavi | ₹37.84 | -0.30 |
| Chikkamagaluru | ₹37.82 | -0.28 |
Prices compared across 88 cities in Karnataka. Updated 20 May 2026.
Factors Affecting Iron Scrap Prices in Bengaluru
Global demand for Iron significantly influences local prices in Bengaluru, Karnataka.
Bulk sellers often negotiate higher rates than individual household sellers.
Dealers offering door-step pickup may adjust prices based on distance in Bengaluru.
Understanding Iron Scrap Rates in Bengaluru
The Iron scrap market in Bengaluru, Karnataka is shaped by a combination of global commodity trends and local economic factors. International benchmarks like the LME (London Metal Exchange) and domestic platforms like MCX (Multi Commodity Exchange of India) set the baseline for Iron pricing. However, the actual rate you receive from a dealer in Bengaluru also depends on local supply and demand, the proximity of recycling mills and foundries, and seasonal construction activity.
Iron scrap quality plays a significant role in pricing. Clean, sorted Iron scrap free of contaminants such as plastic, rubber, or mixed metals typically commands 10-15% higher rates than unsorted or mixed-grade material. If you're selling Iron scrap in Bengaluru, taking the time to separate and clean your material can significantly improve the price you receive. Industrial sellers with consistent bulk volumes often negotiate premium rates with dealers, while household sellers benefit from comparing quotes across multiple verified buyers listed on ScrapRates.in.
Logistics costs also impact the final price — dealers who offer doorstep pickup may factor in transportation expenses, especially for smaller quantities. For the best outcome when selling Iron scrap in Bengaluru, we recommend accumulating at least 15-25 kg before contacting a dealer, checking our daily updated prices for market timing, and always insisting on digital weighing with a printed receipt for your records.
Frequently Asked Questions — Iron Scrap in Bengaluru
What is today's iron scrap rate in Bengaluru?
Today's iron scrap rate in Bengaluru, Karnataka is ₹37.54 per kg. This is the rate for standard mixed iron scrap. HMS 1 grade commands a 15-20% premium, while light iron and tin may sell for 10-15% less.
What is HMS 1 and HMS 2 scrap?
HMS stands for Heavy Melting Scrap. HMS 1 is clean, heavy steel (over 6mm thick) like plates, beams, and structural steel — it's the highest-value ferrous scrap. HMS 2 includes lighter, thinner steel pieces with some attachments. In Bengaluru, HMS 1 trades at a 15-20% premium over HMS 2.
Where to sell iron scrap in Bengaluru?
Check the verified iron scrap dealers listed above in Bengaluru. For best rates, accumulate 100+ kg, sort by grade (heavy vs light), and get quotes from at least 2-3 dealers. Most dealers in Bengaluru offer free pickup for lots above 50-100 kg.
Disclaimer: All Iron scrap prices displayed on this page are indicative market rates for informational purposes only. Actual prices may vary based on material quality, quantity, and individual dealer policies. ScrapRates.in does not guarantee any specific price from any dealer. Always contact dealers directly and compare quotes before selling.