Today's Iron Scrap Rate in Neyveli (TS), Tamil Nadu
Live Price per kg
₹37.20
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 Neyveli (TS), Tamil Nadu
Contact any of our general scrap dealers in Neyveli (TS) for Iron scrap pricing.
Iron Scrap Market in Neyveli (TS)
The iron scrap market in Neyveli is intrinsically linked to the operations of the Neyveli Lignite Corporation and the surrounding industrial ecosystem. Supply streams primarily originate from the maintenance and expansion activities within the power generation complex, including discarded structural components, railway track remnants, and machinery parts from ancillary units. Demands are steady, driven by local fabrication units that service the mining and power infrastructure, requiring iron for repairs and small-scale manufacturing processes. Collection points are concentrated near the industrial estates, where bulk scrap accumulation from routine industrial turnover occurs. Given the nature of the industry, the quality of iron scrap often includes significant amounts of mild steel and cast iron derived from heavy machinery wear. Local scrap dealers facilitate the movement of this ferrous material to regional melting units that process industrial byproducts.
About the scrap market in Neyveli (TS)
Neyveli (TS) is an alternate entry for Neyveli township (ID 80), built around NLC India's lignite mining and thermal power operations. Heavy mining and power equipment generate premium industrial scrap.
Mining equipment, power plant components, and lignite processing machinery are traded at PSU-grade premiums.
Trading near the NLC township periphery. Most dealers handle 15 kg+. Cash is standard.
Selling Iron Scrap in Neyveli (TS), Tamil Nadu?
Iron and steel scrap is the backbone of India's recycling industry, accounting for over 70% of all metal scrap traded by volume. In Neyveli (TS), 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 Neyveli (TS):
Separate your iron scrap by grade before selling. HMS 1 (clean, heavy steel plates and structural beams) fetches ₹43-45/kg — that's 15-20% more than mixed iron at ₹37.20/kg. Remove all non-metallic attachments like concrete, wood, rubber, and plastic to avoid weight deductions.
Iron Scrap Price Comparison — Neyveli (TS) vs Tamil Nadu
| Location | Price/kg | vs Neyveli (TS) |
|---|---|---|
| Neyveli (TS) (This city) | ₹37.20 | — |
| Tamil Nadu State Avg (121 cities) | ₹36.60 | +0.60 |
| India Average | ₹36.00 | +1.20 |
| Salem | ₹38.93 | -1.73 |
| Vedaranyam | ₹38.45 | -1.25 |
| Theni Allinagaram | ₹38.37 | -1.17 |
| Sirkali | ₹38.15 | -0.95 |
| Panagudi | ₹38.12 | -0.92 |
Prices compared across 121 cities in Tamil Nadu. Updated 20 May 2026.
Factors Affecting Iron Scrap Prices in Neyveli (TS)
Global demand for Iron significantly influences local prices in Neyveli (TS), Tamil Nadu.
Bulk sellers often negotiate higher rates than individual household sellers.
Dealers offering door-step pickup may adjust prices based on distance in Neyveli (TS).
Understanding Iron Scrap Rates in Neyveli (TS)
The Iron scrap market in Neyveli (TS), 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 Iron pricing. However, the actual rate you receive from a dealer in Neyveli (TS) 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 Neyveli (TS), 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 Neyveli (TS), 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 Neyveli (TS)
What is today's iron scrap rate in Neyveli (TS)?
Today's iron scrap rate in Neyveli (TS), Tamil Nadu is ₹37.20 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 Neyveli (TS), HMS 1 trades at a 15-20% premium over HMS 2.
Where to sell iron scrap in Neyveli (TS)?
Check the verified iron scrap dealers listed above in Neyveli (TS). For best rates, accumulate 100+ kg, sort by grade (heavy vs light), and get quotes from at least 2-3 dealers. Most dealers in Neyveli (TS) 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.