Today's Stainless Steel Scrap Rate in Mumbai, Maharashtra
Live Price per kg
₹134.82
Last updated: 5 May 2026
Selling Stainless Steel Scrap in Mumbai, Maharashtra?
Stainless steel scrap is categorized by grade, with 304 (18/8 — containing 18% chromium and 8% nickel) being the most common and valuable in Mumbai'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 Mumbai:
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 — Mumbai vs Maharashtra
| Location | Price/kg | vs Mumbai |
|---|---|---|
| Mumbai (This city) | ₹134.82 | — |
Prices compared across 0 cities in Maharashtra. Updated 5 May 2026.
Verified Stainless Steel Scrap Buyers in Mumbai, Maharashtra
SCRAP BIKES & CARS BUYER (JAWED ADAM & SONS) AUTHORISED SCRAP DEALER..
7-A, ground floor, room no 3 MHADA TRANSIST CAMP, S. M. D ROAD Antophill, C.G.S. colony, CGS Colony, Sector 6, Antop Hill, Mumbai, Maharashtra 400037, India
Jay Maharashtra metal and Paper mart
shop no 9, Sai shradha society, Bhavani Shankar Rd, near central bank of india, opp. to shardashram vidyamandir school, Madhav Nagar Cooperative Housing Society, Babasaheb Ambedkar Nagar, Mumbai, Maharashtra 400028, India
Mumbai old Scrap
Kundmal house, Dr. Atmaram, nera vijay jewllers, AR Rangnekar Rd, opp. Motor House, Charni Road East, Gamdevi, Mumbai, Maharashtra 400007, India
J.k scrap wark
Sakinaka kharani road s j, shop no D/3, studio Abdul Rashid compound, opp. Mary matha church, Nair Wadi, Asalpha, Mumbai, Maharashtra 400072, India
Mansuri Scrap
Shop No.3, AK Compound, Behram Baug, Jogeshwari West, Mumbai, Maharashtra 400102, India
Scrap wala (Bhangarwala)
Shop no 15, Express Mahal, Dadar TT Cir, Dadar East, Dadar, Mumbai, Maharashtra 400014, India
Apna bhangar wala
Rashid compound, Ramlila maidan, Khairani Rd, opp. mary matha church, Nair Wadi, Saki Naka, Mumbai, Maharashtra 400072, India
National Scrap Buyer
Tagore Nagar group no 2, near gaykwad garden, Sona Intp Colony, Tagore Nagar, Vikhroli East, Mumbai, Maharashtra 400083, India
Alok Scrap Traders
near Satra Plaza, Sector 19C, APMC Market 1, Vashi, Navi Mumbai, Maharashtra 400705, India
Om Laxmi Metal & Paper Mart (Bhangar wala)
Marol Pipeline, nearest, Metro Station Airport Road, bhangarwala near me, Shubham Rd, near Hotal Sai Residancy, Mariyyman Nagar, Greater Indra Nagar, Andheri East, Mumbai, Maharashtra 400059, India
Crapbin- Scrap & E-waste buyers | Mumbai
Godown No 7, Indira Nagar, GN:7, Tagore Nagar Rd, Tagore Nagar, Vikhroli East, Mumbai, Maharashtra 400083, India
Spas Recycling Pvt Ltd - Waste Management & Recycling Company
Unit No. T15, Mc Rd, PINNACLE BUSINESS PARK, Shanti Nagar, Andheri East, Mumbai, Maharashtra 400093, India
MK scrap wala
Shop no 5 bhangarwadi, near Trans Residency, midc, Andheri East, Mumbai, Maharashtra 400093, India
INAAYA RECYCLING E WASTE
Sahar plaza, Metro Station Chakala (J B Nagar), 13, STATION, Bhim Nagar, Andheri East, Mumbai, Maharashtra 400059, India
SKV E-Waste Recycling Pvt Ltd
A-103 SHIV SHAKTI,CHS, 1ST FLOOR, Regional Transport Office, Anna Nagar, Madhuban Colony, D.N.Nagar, Andheri West, Andheri, Mumbai, Maharashtra 400053, India
ReGen Scrap Industries
82 ground floor, 5th Lane, F, 14, Buddha Vihar Marg, Dalal Estate, Kamathipura, Mumbai, Maharashtra 400008, India
Kohinoor E-waste Recycling Pvt. Ltd.
Narayan nager, 7/12, Nari Seva Sadan Rd, opp. Union Bank, Gurunanak Nagar, Narayan Nagar, Ghatkopar (W, Mumbai, Maharashtra 400086, India
SCRAP POINT
Scrappoint, shop no5, 53 Vasant Bhavan, Hindu colony lane, 1, SM Jadhav Rd, Dadar East, Dadar, Mumbai, Maharashtra 400014, India
Dhanlaxmi Metal And Paper e waste BuyerMart
Ghatla Village Rd, opp. Seema society, Nagesh Patilwadi, Chembur, Mumbai, Maharashtra 400071, India
HR Scrap traders
shop no 4, Rd Number 11, bhangar wadi, Chakala Industrial Area (MIDC), Andheri East, Mumbai, Maharashtra 400093, India
Scrapiz
Shop No 08, A K Compound, Behram Baug Rd, near Tech Web Center, Anand Nagar, Jogeshwari West, Mumbai, Maharashtra 400102, India
S.N COMPUTER
Gala No. 8, Khadi, Shiv Shakti Comp, 3, 90 Feet Rd, Netaji Nagar, Kurla West, Saki Naka, Mumbai, Maharashtra 400072, India
Hasan Scrap Traders
Gupta compound, gala num 05, Sunni madina masjid, Rd Number 11, midc, Andheri East, Mumbai, Maharashtra 400093, India
Sai Scrap Traders
Shop, No.3, Plot No, 72/73, Palm Beach Rd, Near Satra Plaza, vikrant Complex, Sector 19, CBD Belapur, Navi Mumbai, Maharashtra 400614, India
Junk Scrap Services
Rodrigues Compound Masjid, 17, Khairani Rd, Yadav Nagar, Chandivali, Saki Naka, Mumbai, Maharashtra 400072, India
The Scrap Wala Bhangar Wala
3VJ8+545 Kalina, Kolivery Village, Vakola, Santacruz East, Mumbai, Maharashtra 400001, India
Scrap Yard
90 Feet Road, Sakinaka, Andheri, Lokmanya Tilak Nagar, Andheri East, Mumbai, Maharashtra 400072, India
Scrap Vendor
Office No, Pavte Ground, 1, opposite Subhash Lane, Malad, Malad East, Mumbai, Maharashtra 400097, India
Hindustan Scrap Dealer
Shop no.4, mendies House, Marve Rd, opp. infant church, Malad, Kharodi Village, Malad West, Mumbai, Maharashtra 400095, India
sana scrap traders
ground floor 77/81 , shop no 3 municipal tenament, Sukhlaji Marg, Navjeevan Society, Dalal Estate, Mumbai Central, Mumbai, Maharashtra 400008, India
Rishi Old Paper & Metal Mart
Shop No. 1, Swiss Corner, Y-5, Shastri Nagar Road 1, near Lokhandwala Circle, Lokhandwala Complex, Andheri West, Mumbai, Maharashtra 400053, India
Bhangar Becho (Scrap Buyer)
shop no 5, Road no 5, BHD Millennium Club, JVPD Scheme, W, Vile Parle West, Mumbai, Maharashtra 400049, India
Bombay Scrap Traders
Dharavi Main Road, Mumbai, Maharashtra 400017
Bhangarwala (Kabadiwala)
Shop no 12, Hiranandani Knowledge Park, Hiranandani Gardens, BSNL Colony, Powai, Mumbai, Maharashtra 400076, India
INDIAN METALLOY RECYCLERS PVT LTD
4TH FLOOR, PRASAD CHAMBERS, 414-416, Sir Ratan Tata Path, Ratan Tata Colony, Opera House, Tardeo, Mumbai, Maharashtra 400034, India
scrap buyers
Ms ali road bharat lokhand bazar do taaki bharat, lokhand bazar, Siddharth Nagar, Kamathipura, Mumbai, Maharashtra 400007, India
Thane Scrap Mart
Wagle Estate, Thane
Choudhary Enterprises
Gupta Compound, Rd Number 11, M.I.D.C, Chakala Industrial Area (MIDC), Andheri East, Mumbai, Maharashtra 400093, India
Factors Affecting Stainless Steel Scrap Prices in Mumbai
Global demand for Stainless Steel significantly influences local prices in Mumbai, Maharashtra.
Bulk sellers often negotiate higher rates than individual household sellers.
Dealers offering door-step pickup may adjust prices based on distance in Mumbai.
Understanding Stainless Steel Scrap Rates in Mumbai
The Stainless Steel scrap market in Mumbai, Maharashtra 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 Mumbai 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 Mumbai, 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 Mumbai, 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 Mumbai
What is today's stainless steel scrap rate in Mumbai?
Today's stainless steel scrap rate in Mumbai, Maharashtra is ₹134.82 per kg for grade 304. Grade 316 fetches 15-20% more, while grade 430 (magnetic) sells for ₹88-94/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 Mumbai at ₹134.82 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.