Today's Stainless Steel Scrap Rate in Madurai, Tamil Nadu
Live Price per kg
₹135.13
Last updated: 18 June 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 Madurai, Tamil Nadu
Corporation Work Shop, 58, Workshop Rd, Madurai Main, Madurai, Poondhotam, Tamil Nadu 625001, India
T, rode, Perungudi, Madurai, Tamil Nadu 625107, India
Vandiyur, Thasildar Nagar, Madurai, Tamil Nadu 625020, India
14/49, Lakshmipuram Cross St, Madurai, Tamil Nadu 625001, India
30a/1, 2nd East Main Rd, Anna Nagar, Sathamangalam, Madurai, Tamil Nadu 625020, India
66/3b, Manikandan St, Bharathiyar, Jaihindpuram, Madurai, Tamil Nadu 625011, India
14/49, Lakshmipuram Cross St, Madurai
Andarkottaram sakkimangalam, back side, Government high school, main Rd, Madurai, Andarkottaram, Tamil Nadu 625020, India
38-39, 2nd St, Lakshmipuram, Madurai, Tamil Nadu 625001, India
X5G9+HGP Alagar, Koil Road, Kadachanendhal, Madurai, Tamil Nadu 625104, India
Park Town, Thabaal Thanthi Nagar, Bama Nagar, Madurai, Tamil Nadu 625017, India
21, Vengalakadai St, Madurai Main, Madurai, Tamil Nadu 625001, India
W478+W4W, W Vadampokki St, Periyar, Madurai Main, Madurai, Tamil Nadu 625001, India
2/917-3, Maruthu Pandiyar St, Anna Nagar, Vandiyur, Thasildar Nagar, Madurai, Tamil Nadu 625020, India
Kamarajar 1st street, Bi Bi Kulam Rd, near Suriya Clinic, Madurai, Tamil Nadu 625002, India
RR Biryani, Lakshmi Puram First St, opposite Madurai, Madurai, Tamil Nadu 625009, India
5 110, Anna Nagar, Madurai, Sathamangalam, Tamil Nadu 625020, India
226, Nethaji Main Rd, near Karunai Hospital, B B Kulam, Madurai, Tamil Nadu 625002, India
69, Munichalai Rd, Munichalai, Madurai, Tamil Nadu 625009, India
Stainless Steel Scrap Market in Madurai
Today's stainless steel scrap rate in Madurai is ₹135.13/kg as of 18 June 2026. 19+ verified scrap buyers in Madurai, Tamil Nadu are accepting stainless steel scrap right now. Prices vary based on grade, quantity, and pickup location — request a direct quote from any of the dealers below using the *Get Quote* button to lock in today's rate before market fluctuations.
About the scrap market in Madurai
Madurai, Tamil Nadu's cultural capital and a growing industrial city, has a vibrant scrap market fed by its textile mills, granite processing units, and auto component manufacturers. The SIDCO Industrial Estate and Kappalur industrial zone host numerous small and medium enterprises that generate consistent metal and plastic scrap. Madurai also serves as a regional scrap aggregation hub for nearby districts like Theni, Dindigul, and Sivaganga.
Iron and steel scrap from construction and old textile machinery are the most traded materials in Madurai. Copper from electrical rewinding shops and aluminum from household utensil manufacturing are also significant. Plastic scrap from PET bottles and HDPE containers forms a growing segment. Madurai's scrap prices generally align with the Tamil Nadu average, though they can dip 5-8% below Chennai rates due to lower industrial density.
The main scrap trading areas in Madurai are around Mattuthavani, Tallakulam, and the East Veli Street market. Most dealers offer pickup for quantities above 15 kg. Cash payment is the norm for household scrap. Sellers with larger quantities should approach recyclers near Kappalur industrial area directly — they typically pay 10-15% more than local kabadiwala for sorted, clean scrap.
Selling Stainless Steel Scrap in Madurai, Tamil Nadu?
Stainless steel scrap is categorized by grade, with 304 (18/8 — containing 18% chromium and 8% nickel) being the most common and valuable in Madurai'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 Madurai:
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 — Madurai vs Tamil Nadu
| Location | Price/kg | vs Madurai |
|---|---|---|
| Madurai (This city) | ₹135.13 | — |
Prices compared across 0 cities in Tamil Nadu. Updated 18 June 2026.
Factors Affecting Stainless Steel Scrap Prices in Madurai
Global demand for Stainless Steel significantly influences local prices in Madurai, Tamil Nadu.
Bulk sellers often negotiate higher rates than individual household sellers.
Dealers offering door-step pickup may adjust prices based on distance in Madurai.
Understanding Stainless Steel Scrap Rates in Madurai
The Stainless Steel scrap market in Madurai, Tamil Nadu 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 Madurai 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 Madurai, 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 Madurai, 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 Madurai
What is today's stainless steel scrap rate in Madurai?
Today's stainless steel scrap rate in Madurai, Tamil Nadu is ₹135.13 per kg for grade 304. Grade 316 fetches 15-20% more, while grade 430 (magnetic) sells for ₹88-95/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 Madurai at ₹135.13 is worth roughly 4.8x 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.