Today's Iron Scrap Rate in Phusro, Jharkhand
Live Price per kg
₹36.00
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 Phusro, Jharkhand
Samsung SmartPlaza - Vidya Enterprises
Maghdoot Market, Phusro, Bokaro Steel City, Jharkhand 825102, India
Shama Battery Works
Ranibagh, Main Rd, Rahimganj, Phusro, Jharkhand 825102, India
M/S COMPUTER IT SOLUTIONS
Main Rd, Phusro, Bokaro Steel City, Jharkhand 825102, India
Hindustan Auto Mobiles
New road phusro, near hindustan bridge, Rajabeda, Bokaro Steel City, Phusro, Jharkhand 829144, India
Iron Scrap Market in Phusro
The iron scrap market in Phusro, Jharkhand, is primarily driven by localized construction activities and small-scale metal fabrication workshops rather than large-scale industrial outflows. Supply sources are typically aggregated from demolition waste generated during local building renovations and discarded structural iron from small engineering units situated near the main market arteries. Demand remains steady, fueled by local blacksmiths and small foundries that utilize the scrap for repair and basic manufacturing processes. Collection points often concentrate near the town's periphery where bulk scrap yards operate, facilitating the movement of ferrous material to larger regional processing centers. The pricing for different grades of iron, such as rebar scrap versus cast iron offcuts, fluctuates based on the immediate availability of material and the prevailing rates set by regional metal buyers.
About the scrap market in Phusro
Phusro in Jharkhand's Bokaro district is a coal mining town in the Damodar Valley coalfield. Coal mining operations and associated heavy equipment maintenance generate industrial scrap.
Mining equipment scrap, conveyor belt components, and iron from construction are the primary materials. Prices are comparable to the Bokaro-Dhanbad corridor rates.
Trading near the mining areas. Most dealers pick up from 15 kg. Cash is standard.
Selling Iron Scrap in Phusro, 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 Phusro, 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 Phusro:
Separate your iron scrap by grade before selling. HMS 1 (clean, heavy steel plates and structural beams) fetches ₹41-43/kg — that's 15-20% more than mixed iron at ₹36.00/kg. Remove all non-metallic attachments like concrete, wood, rubber, and plastic to avoid weight deductions.
Iron Scrap Price Comparison — Phusro vs Jharkhand
| Location | Price/kg | vs Phusro |
|---|---|---|
| Phusro (This city) | ₹36.00 | — |
| Jharkhand State Avg (28 cities) | ₹35.23 | +0.77 |
| India Average | ₹36.00 | +0.00 |
| Madhupur | ₹36.47 | -0.47 |
| Ranchi | ₹36.41 | -0.41 |
| Jhumri Tilaiya | ₹36.30 | -0.30 |
| Bokaro | ₹36.14 | -0.14 |
| Tenu dam-cum-Kathhara | ₹35.97 | +0.03 |
Prices compared across 28 cities in Jharkhand. Updated 20 May 2026.
Factors Affecting Iron Scrap Prices in Phusro
Global demand for Iron significantly influences local prices in Phusro, Jharkhand.
Bulk sellers often negotiate higher rates than individual household sellers.
Dealers offering door-step pickup may adjust prices based on distance in Phusro.
Understanding Iron Scrap Rates in Phusro
The Iron scrap market in Phusro, 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 Phusro 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 Phusro, 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 Phusro, 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 Phusro
What is today's iron scrap rate in Phusro?
Today's iron scrap rate in Phusro, Jharkhand is ₹36.00 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 Phusro, HMS 1 trades at a 15-20% premium over HMS 2.
Where to sell iron scrap in Phusro?
Check the verified iron scrap dealers listed above in Phusro. For best rates, accumulate 100+ kg, sort by grade (heavy vs light), and get quotes from at least 2-3 dealers. Most dealers in Phusro 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.