Today's Iron Scrap Rate in Madhupur, Jharkhand
Live Price per kg
₹36.47
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 Madhupur, Jharkhand
Farhan steel
Panah Kola Rd, Madhupur, Jharkhand 815353, India
Madhupur Metal
Gandhi Chowk, Madhupur, Jharkhand 815353, India
Ganesh Steel
Kundu Bunglow Rd Number 2, Beside SBI Branch Madhupur, Madhupur, Jharkhand 815353, India
Iron Scrap Market in Madhupur
The market for iron scrap in Madhupur, Jharkhand, is primarily driven by local construction activities and the presence of small-scale metal fabrication units within the town's core areas. Supply generally originates from demolition sites, dismantled agricultural machinery, and discarded structural iron from local workshops. Demand is sustained by local blacksmiths and small engineering repair shops that utilize the scrap for basic repairs and fabrication work, rather than large-scale industrial output. Collection points are often localized near the main market thoroughfares or designated scrap collection yards servicing the immediate town limits. The value of the iron scrap is highly dependent on its grade—whether it is clean structural rebar, cast iron offcuts, or mixed debris—and its proximity to transport routes leading to larger processing centres in the region. Therefore, efficient local collection networks are crucial for sustaining the trade of ferrous metal.
About the scrap market in Madhupur
Madhupur in Jharkhand's Deoghar district sits amidst forested terrain where silk weaving, stone quarrying, and timber processing define economic activity. The town's role as a halting point on the Jasidih–Dumka road means highway-related vehicle maintenance adds to scrap generation.
Quarry drilling equipment scrap, particularly tungsten carbide drill bits, commands ₹300–₹500/kg due to the rare metal content. Standard mild steel from stone crusher frames trades at ₹21–₹26/kg, and silk reeling machine copper components sell at ₹400–₹450/kg.
Tungsten carbide scrap requires specialist buyers—contacting Jamshedpur-based tool recyclers can yield substantially better prices than selling locally. Stone quarry operators should track drill bit wear and batch their disposal for quarterly bulk sales. Small sellers in Madhupur's bazaar can approach the weekly Thursday market, where visiting traders from Deoghar purchase miscellaneous household scrap.
Selling Iron Scrap in Madhupur, Jharkhand?
Iron and steel scrap is the backbone of India's recycling industry, accounting for over 70% of all metal scrap traded by volume. In Madhupur, 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 Madhupur:
Separate your iron scrap by grade before selling. HMS 1 (clean, heavy steel plates and structural beams) fetches ₹42-44/kg — that's 15-20% more than mixed iron at ₹36.47/kg. Remove all non-metallic attachments like concrete, wood, rubber, and plastic to avoid weight deductions.
Iron Scrap Price Comparison — Madhupur vs Jharkhand
| Location | Price/kg | vs Madhupur |
|---|---|---|
| Madhupur (This city) | ₹36.47 | — |
| Jharkhand State Avg (28 cities) | ₹35.23 | +1.24 |
| India Average | ₹36.00 | +0.47 |
| Ranchi | ₹36.41 | +0.06 |
| Jhumri Tilaiya | ₹36.30 | +0.17 |
| Bokaro | ₹36.14 | +0.33 |
| Phusro | ₹36.00 | +0.47 |
| Tenu dam-cum-Kathhara | ₹35.97 | +0.50 |
Prices compared across 28 cities in Jharkhand. Updated 20 May 2026.
Factors Affecting Iron Scrap Prices in Madhupur
Global demand for Iron significantly influences local prices in Madhupur, Jharkhand.
Bulk sellers often negotiate higher rates than individual household sellers.
Dealers offering door-step pickup may adjust prices based on distance in Madhupur.
Understanding Iron Scrap Rates in Madhupur
The Iron scrap market in Madhupur, Jharkhand 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 Madhupur 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 Madhupur, 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 Madhupur, 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 Madhupur
What is today's iron scrap rate in Madhupur?
Today's iron scrap rate in Madhupur, Jharkhand is ₹36.47 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 Madhupur, HMS 1 trades at a 15-20% premium over HMS 2.
Where to sell iron scrap in Madhupur?
Check the verified iron scrap dealers listed above in Madhupur. For best rates, accumulate 100+ kg, sort by grade (heavy vs light), and get quotes from at least 2-3 dealers. Most dealers in Madhupur 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.