Today's Stainless Steel Scrap Rate in Indore, Madhya Pradesh
Live Price per kg
₹128.44
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 Stainless Steel Scrap Buyers in Indore, Madhya Pradesh
Poonam Scrap Bhandar
Bharat Petrol Pump, Ganesh Tollkanta, 88, Sector E, Sanwer Road Industrial Area, Indore, Madhya Pradesh 452015, India
A to Z scrap
4/3, near Gokuldas Hospital Building, South Tukoganj, Indore, Madhya Pradesh 452001, India
ASB SCRAP
Shantipath Road, Nagar Nigam Rd, Ram Bagh, Indore, Madhya Pradesh 452007, India
Shree Bherunath Scrap
Shop No. 1, Shiv mandir, Kanadia Main Rd, Indore, Madhya Pradesh 452013, India
Scrapsell. Com
mayur bag narsari, 6, Dhar Rd, Sirpur, Indore, Madhya Pradesh 452002, India
Priyanka scrap
168, Shubham Nagar Main Rd, Kaveri Nagar, Indore, Madhya Pradesh 452006, India
Santosh scrap
Ek 384 Scheme number 54, Vijay Nagar, Scheme No 54, Indore, Madhya Pradesh 452010, India
Aayushi scrap
Plot number 1 parag nagar, near avantika sweets, infront of, Row House, Royal Bungalow, Sukhliya, Indore, Madhya Pradesh 452010, India
Om sai scrap
Loha Mandi, B-117 New, opp. Pani tanki, New Loha Mandi, Dewas Naka, Scheme 78 Part 1 Phase 2, Indore, Madhya Pradesh 452010, India
Rida scrap traders (lamsam kabadi)
P7 and P8, gurudwara road, near apple hospital, near apsara turbo, Mechanic Nagar, Indore, Madhya Pradesh 452014, India
Scrap Buyers Indore
818, Shekhar central, Palasia Square, Manorama Ganj, Indore, Madhya Pradesh 452001, India
Malwa Scrap Traders
House No. 314, near DNS Hospital, Anoop Nagar, Indore, Madhya Pradesh 452018, India
Saify Scrap
17 A, near Modern Chouraha, Sector C, Sanwer Road Industrial Area, Indore, Madhya Pradesh 452015, India
oldcarscrap
4 chandmari et bhatta, Dhar Rd, Shri Krishna Colony, Adarsh Indria Nagar, Indore, Madhya Pradesh 452002, India
All over scrap
Jaora company, Sector DK1, Scheme No 74, Indore, Madhya Pradesh 452010, India
Sagar Scrap Trader
Gita Bhawan Rd, Manorama Ganj, Indore, Madhya Pradesh 452001, India
new bombay scrap
80, Niranjanpur Cir, near CKD, Dewas Naka, Lasudia Mori, Indore, Madhya Pradesh 452010, India
Badshah Iron & Scrap Traders
62/A, Sector E, Sanwer Road Industrial Area, Indore, Madhya Pradesh 452015, India
Go scrap
World Cup choraha, 267/2, Pipliyahana, Indore, Madhya Pradesh 452016, India
Scrap Shop
Tulsi Nagar Rd, Tulsi Nagar, Mahalaxmi Nagar, Indore, Madhya Pradesh 452010, India
CarScrapKaro Indore
Gandhi palace, 98-B, Sirpur, Indore, Madhya Pradesh 452002, India
Ayushi enterprises scrap shop
11, Kabit Khedi Main Rd, near Khatu shyam mandir, Bulandshahr, Lahiya Colony, Indore, Madhya Pradesh 452010, India
Khan Scrape
PWC4+433, Manbhavan Nagar, Indore, Madhya Pradesh 452018, India
Scrap Shopee
63, Annapurna Rd, Ahilya Nagar, Indore, Madhya Pradesh 452009, India
S.K Scrap Shop
Backside of Vaishno dham mandir, 21, near Vaishno dham mandir, Bicholi Mardana, Indore, Madhya Pradesh 452016, India
ARK. SCRAP SUPPLIER 75, SADAR BAZAR MAIN ROAD INDORE MP
75, Sadar Bazar Main Rd, Marathi Mohalla, Mari Mata Square, Indore, Madhya Pradesh 452006, India
ALI SCRAPE
New Siyaganj, MALGODAM, Indore, Madhya Pradesh 452007, India
Indore Scrap Traders (Haji salim bhai)
48, Mechanic Nagar, Indore, Madhya Pradesh 452014, India
Hoswin Incinerator Pvt Ltd
196-8, Sector F, Sanwer Road Industrial Area, Indore, Madhya Pradesh 452015, India
Unique Eco Recycle
Plot No.26, RD Udyog Nagar, Nemawar Rd, behind Jio Petrol Pump, Industrial Area:, Palda, Indore, Madhya Pradesh 452001, India
Satyamitra Group
23, Sector B, Sanwer Road Industrial Area,, Sector B, Sanwer Road Industrial Area, Indore, Madhya Pradesh 452015, India
R.P Industries
120-A, Sector F, Sanwer Road Industrial Area, Indore, Madhya Pradesh 452015, India
Ashoka Bhangar wala, Vijay Nagar Sector 7
QV4W+3PP, Vijay Nagar, Sector 7, Scheme No 54, Ant, Indore, Madhya Pradesh 452010, India
Khilji Traders
Main Rd, near Bombay Hospital, Mahalaxmi Nagar, Indore, Madhya Pradesh 452010, India
Tha bhagar wala
Hati pala, Murai Mohalla, jini, muri, Indore, Madhya Pradesh 452001, India
Perfect Traders
16, Mechanic Nagar, Indore, Madhya Pradesh 452001, India
N.s traders
17/A, Chandan Nagar, Scheme 71, Indore, Madhya Pradesh 452002, India
Stainless Steel Scrap Market in Indore
The market for stainless steel in Indore is primarily driven by the city's moderate industrial output and ongoing commercial construction activities. Supply sources are typically derived from the dismantling of older commercial fittings, discarded process piping from local engineering workshops, and scrap generated by small-scale fabrication units operating near industrial estates. Demand remains steady, fueled by local plumbing, architectural detailing, and the repair/modification of industrial machinery that requires corrosion-resistant materials. While large-scale primary scrap might flow through established regional metal hubs, the local trade involves smaller, high-grade components like stainless steel fixtures and sheeting. Collection and initial trading often occur in designated scrap yards situated near the main commercial arteries, where local buyers assess the grade and contamination levels of the incoming material.
About the scrap market in Indore
Indore, Madhya Pradesh's commercial capital and a Smart City, has a rapidly growing scrap market backed by its diverse industrial base. The Pithampur industrial area — one of India's largest automobile and engineering clusters — along with pharmaceutical companies and IT parks, drives strong demand for metal scrap. Indore's status as India's cleanest city has also boosted organized waste collection and recycling infrastructure.
Auto-grade steel and aluminum scrap from Pithampur's manufacturing units are Indore's top commodities. Copper from electrical equipment and brass from traditional metalwork are also actively traded. The city's organized waste management system means better-quality sorted scrap reaches dealers, often commanding 5-8% premiums over unsorted lots. Indore's prices generally track the MP state average, with slight premiums for auto-grade scrap.
The main scrap markets in Indore are at Loha Mandi (iron market), Juni area, and dealers near the Sanwer Road industrial belt. For automotive scrap, dealers near Pithampur offer the best rates. Most city dealers provide pickup from 15 kg. Cash payment is standard, and electronic weighing is widely used. Indore's market is relatively organized compared to other MP cities — posted rates are usually honored without excessive negotiation.
Selling Stainless Steel Scrap in Indore, Madhya Pradesh?
Stainless steel scrap is categorized by grade, with 304 (18/8 — containing 18% chromium and 8% nickel) being the most common and valuable in Indore's market. Grade 316 (marine grade, with molybdenum) pays even more, while 430 (magnetic, lower nickel) fetches significantly less. Common sources include kitchen utensils, sinks, railings, medical equipment, food processing machinery, and industrial tanks. The nickel and chromium content is what makes stainless steel more valuable than regular steel.
Pro Tip for Stainless Steel Sellers in Indore:
Test with a magnet to identify the grade — 304 stainless is mostly non-magnetic (may have slight attraction at bends), while 430 is strongly magnetic and worth 30-40% less. Separate stainless steel from regular steel and aluminum before selling. Utensil-grade stainless (thicker, heavier pieces) gets better rates than thin sheet offcuts.
Stainless Steel Scrap Price Comparison — Indore vs Madhya Pradesh
| Location | Price/kg | vs Indore |
|---|---|---|
| Indore (This city) | ₹128.44 | — |
| Madhya Pradesh State Avg (80 cities) | ₹131.40 | -2.96 |
| India Average | ₹132.70 | -4.26 |
| Sihora | ₹138.33 | -9.89 |
| Sidhi | ₹137.05 | -8.61 |
| Mandideep | ₹136.87 | -8.43 |
| Panagar | ₹136.78 | -8.34 |
| Nepanagar | ₹136.72 | -8.28 |
Prices compared across 80 cities in Madhya Pradesh. Updated 20 May 2026.
Factors Affecting Stainless Steel Scrap Prices in Indore
Global demand for Stainless Steel significantly influences local prices in Indore, Madhya Pradesh.
Bulk sellers often negotiate higher rates than individual household sellers.
Dealers offering door-step pickup may adjust prices based on distance in Indore.
Understanding Stainless Steel Scrap Rates in Indore
The Stainless Steel scrap market in Indore, Madhya Pradesh 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 Stainless Steel pricing. However, the actual rate you receive from a dealer in Indore also depends on local supply and demand, the proximity of recycling mills and foundries, and seasonal construction activity.
Stainless Steel scrap quality plays a significant role in pricing. Clean, sorted Stainless Steel 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 Stainless Steel scrap in Indore, 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 Stainless Steel scrap in Indore, 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 — Stainless Steel Scrap in Indore
What is today's stainless steel scrap rate in Indore?
Today's stainless steel scrap rate in Indore, Madhya Pradesh is ₹128.44 per kg for grade 304. Grade 316 fetches 15-20% more, while grade 430 (magnetic) sells for ₹83-90/kg.
How to identify stainless steel grade for scrap?
Use a magnet: Grade 304 (most valuable) is mostly non-magnetic, Grade 430 is magnetic and worth less. For precise grading, dealers use XRF analyzers. As a rule of thumb: kitchen utensils and food equipment are usually 304, while decorative trim and automotive parts may be 430.
Why is stainless steel scrap more expensive than regular steel?
Stainless steel contains 8-12% nickel and 16-18% chromium — both expensive metals. A kg of stainless steel scrap in Indore at ₹128.44 is worth roughly 4.6x more than regular iron scrap because of these alloying elements.
Disclaimer: All Stainless Steel 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.