Today's Iron Scrap Rate in Magadi, Karnataka
Live Price per kg
₹36.24
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 Magadi, Karnataka
om vinayaka metals
23, 2nd Cross Rd, near metro station, Manjunatha Nagar, magadiroad, Binnipete, Bengaluru, Karnataka 560023, India
Sree Kannan Metals
Site No : 69/2, Seegehalli Gate, Magadi Main Rd, Kamath Layout, Seegehalli, Bengaluru, Karnataka 560112, India
Bengaluru Scrap Pickup, Sri Nanjundeshwara Scrap Buyers and Dealers, Karnataka
54, 3rd Cross, Magadi Rd, NR Garden, Cholourpalya, Bengaluru, Karnataka 560023, 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 Magadi
The iron scrap market in Magadi, Karnataka, operates primarily on local construction and repair cycles rather than large-scale industrial outflows. Supply is largely generated from the dismantling of older residential structures and the scrap generated by small-scale blacksmiths and fabrication workshops located near the main market areas. Demand for ferrous scrap is consistently maintained by local welders and machinery repair units that utilize iron for fabricating gates, railings, and agricultural implements. While larger metal recycling hubs are situated in nearby metropolitan centres, Magadi serves as a collection point for smaller, localized sources. The price realization for iron scrap is therefore sensitive to immediate local construction activity and the availability of salvaged material from demolition sites within the town limits.
About the scrap market in Magadi
Magadi, located about 50 kilometres southwest of Bangalore in Karnataka's Ramanagara district, is historically associated with its soda ash lake and granite quarrying industry. Bangalore's rapid urban expansion is now reaching Magadi's outskirts, blending rural scrap streams with peri-urban construction waste.
Granite polishing machine parts, sodium processing plant scrap, and increasingly, construction demolition waste from early-stage urbanisation characterise the market. Granite cutter diamond segments, while small in volume, fetch ₹200–₹500 per kg from specialised buyers, and standard MS scrap trades at ₹26–₹33 per kg.
Magadi sellers are well-positioned to serve Bangalore's enormous scrap appetite, and arranging direct sales to Peenya or Rajajinagar industrial area dealers can yield premium rates. The town's improving road connectivity to the state capital makes same-day scrap delivery increasingly feasible for larger consignments.
Selling Iron Scrap in Magadi, 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 Magadi, 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 Magadi:
Separate your iron scrap by grade before selling. HMS 1 (clean, heavy steel plates and structural beams) fetches ₹42-43/kg — that's 15-20% more than mixed iron at ₹36.24/kg. Remove all non-metallic attachments like concrete, wood, rubber, and plastic to avoid weight deductions.
Iron Scrap Price Comparison — Magadi vs Karnataka
| Location | Price/kg | vs Magadi |
|---|---|---|
| Magadi (This city) | ₹36.24 | — |
| Karnataka State Avg (88 cities) | ₹36.51 | -0.27 |
| India Average | ₹36.00 | +0.24 |
| Bangalore | ₹38.15 | -1.91 |
| Sindhagi | ₹38.12 | -1.88 |
| Shivamogga | ₹37.87 | -1.63 |
| Belagavi | ₹37.84 | -1.60 |
| Chikkamagaluru | ₹37.82 | -1.58 |
Prices compared across 88 cities in Karnataka. Updated 20 May 2026.
Factors Affecting Iron Scrap Prices in Magadi
Global demand for Iron significantly influences local prices in Magadi, Karnataka.
Bulk sellers often negotiate higher rates than individual household sellers.
Dealers offering door-step pickup may adjust prices based on distance in Magadi.
Understanding Iron Scrap Rates in Magadi
The Iron scrap market in Magadi, 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 Magadi 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 Magadi, 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 Magadi, 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 Magadi
What is today's iron scrap rate in Magadi?
Today's iron scrap rate in Magadi, Karnataka is ₹36.24 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 Magadi, HMS 1 trades at a 15-20% premium over HMS 2.
Where to sell iron scrap in Magadi?
Check the verified iron scrap dealers listed above in Magadi. For best rates, accumulate 100+ kg, sort by grade (heavy vs light), and get quotes from at least 2-3 dealers. Most dealers in Magadi 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.