India's appetite for steel continues to rise. Finished steel consumption rose 9% year-on-year in May 2026, with steelmaking capacity crossing roughly 220 million tonnes a year, moving towards the National Steel Policy target of 300 MTPA by 2030. A large share of that steel comes from scrap yards and kabadiwalas (scrap dealers), not fresh iron ore alone, which is why the MS scrap rate today matters to anyone holding factory offcuts or old machinery.
At MetalMandi, we track this movement daily and we are a digital scrap marketplace built by Attero Recycling, connecting directly with businesses without middlemen or a long buyer chain. Our app shows live prices with real-time tracking, payments move fast, and negotiation is possible wherever it applies. We work with 550+ vendors across India, from small scrap businesses to industrial manufacturers.
What Is MS Scrap and Why It's Widely Traded
MS scrap (mild steel scrap) is low-carbon steel from fabrication offcuts, structural sections, pipes and machine parts. It melts predictably with less contamination than mixed iron, which is exactly what rolling mills want. Because mild steel is used everywhere - construction, white goods, auto parts - MS scrap remains one of India's most consistently traded grades.
MS Scrap Rate Today
MS scrap rates today can vary based on market conditions, material quality, grade, and location. Checking the latest MS scrap rate helps businesses and recyclers estimate scrap value and make informed buying or selling decisions.
MS Scrap Rate Today per Kg
As of early August 2026, clean MS sheet and rolling scrap traded between ₹34.50 and ₹37.50 per kg, while the national mixed-iron baseline sat near ₹33 per kg. Figures exclude GST, and the MS scrap rate today per kg you're quoted shifts with grade and quantity.
Regional Variation in MS Scrap Rates
Punjab's engineering demand keeps Ludhiana firmer through the monsoon, while construction-dependent cities like Mumbai and Hyderabad tend to soften. A vendor in Jalna and one in Ludhiana can see two different MS scrap markets on the same day.
What Affects MS Scrap Rate Daily
The MS scrap rate can change daily based on several factors, including steel demand, scrap availability, global steel prices, local market conditions, and transportation costs. The grade, quality, weight, and contamination level of the scrap also influence its value. Regional demand from construction and manufacturing industries can further cause rates to vary across locations.
Steel Mill and Rolling Mill Demand
Mills buy scrap for liquid steel, not scrap for its own sake. When sponge iron is cheap, furnace operators blend it in instead, capping how hard mills chase the MS steel scrap rate.
Domestic and Global Iron & Steel Prices
Finished steel consumption grew 8.3% year-on-year to 41.6 million tonnes in April-June 2026, while imports jumped nearly 49%. Stronger demand and cheaper imports both pull on how mills price scrap.
Freight and Local Supply
Distance from a hub like Mandi Gobindgarh, local loading costs and idle regional stock all shift what a business nets after transport.
Tips to Get the Best MS Scrap Rate for Your Business
- Sort by grade - mixing MS with cast iron drags down the blended rate.
- Keep material dry and free of rust or non-metallic waste.
- Check the live app rate before a large pickup.
- Plan pickups around mill demand cycles.
- Don't accept flat household rates for factory-grade MS scrap.
Why Track MS Scrap Rates on MetalMandi
Today’s MS scrap rate depends on factors such as steel demand, regional markets, freight costs, and the material's quality and cleanliness, making it hard to rely on a fixed rate. With MetalMandi, you can access current market information through an AI-powered platform backed by a network of 550+ vendors across India, helping you make more informed scrap buying and selling decisions.
FAQs
Where can I check the latest MS scrap rate before choosing a buyer?
The MetalMandi app shows live, AI-powered MS scrap rates in real time, so businesses can compare against local quotes before committing material.
What is MS scrap and how is it different from other scrap types?
MS scrap (mild steel scrap) is low-carbon steel from fabrication sources. Unlike brittle, higher-carbon cast iron, it melts cleanly and rolling mills prefer it.
Why does the MS scrap rate change daily?
Rates shift with mill demand, sponge iron costs, freight and regional supply. Broader steel and raw-material movements filter through, too.
What is the cost of 1 kg of scrap iron?
As of August 2026, iron scrap in India ranges roughly from ₹27.5 to ₹40 per kg depending on grade.
Do I need GST registration to work with MetalMandi for MS scrap?
GST on metal scrap is 18%. If unregistered, the buyer typically pays GST under the reverse charge mechanism introduced in October 2024.
