Iron scrap is typically classified and graded based on its composition, size, and the way it can be recycled. The grading system helps determine the value of the scrap and is essential for buyers and sellers in the scrap metal industry. Below is an overview of how iron scrap is classified and graded LandmarkPEB:

1. Classification Based on Material Type

Iron scrap can be classified into various types depending on the source and the material it is made of. Here are the common classifications:

a. Ferrous Scrap:

This category includes scrap metals that contain iron. The majority of scrap iron is ferrous, which is magnetic and can be recycled into new iron and steel products.

Common Types:

• Cast Iron Scrap: Includes scrap from cast iron products such as engine blocks, pipes, and other cast iron items. This scrap is heavy and brittle.

• MS (Mild Steel) Scrap: Mild steel scrap comes from steel products that have low carbon content, like scrap from structural steel, beams, and sheets.

• Galvanized Iron Scrap: This is scrap that has been coated with a layer of zinc to prevent corrosion. It’s often found in old pipes, roofing materials, and machinery.

• Iron Sheet Scrap: Iron sheets that are cut or broken into smaller pieces. Often from larger structures like sheet metal parts or panels.

b. Non-Ferrous Scrap:

Though not as common in the iron scrap category, there are some non-ferrous materials, like aluminum, copper, or brass, that are sometimes included in scrap deals but are not categorized under iron scrap.

2. Grading System of Iron Scrap

Iron scrap is graded based on its quality, size, and the amount of impurities present in the material. The grading helps determine the price of the scrap in the market. Below are the most common grades of iron scrap:

a. Heavy Melting Scrap (HMS)

Heavy Melting Scrap is one of the most common and valuable types of scrap iron. It consists of heavier and thicker iron or steel parts that are typically suitable for recycling into new steel.

• HMS Grade 1 (HMS 1):

  • Contains heavy steel scrap, typically from large, thick pieces of scrap iron such as machinery parts, old steel beams, or other large equipment.

  • The material should be clean, free from rust, non-ferrous metals, or any other contaminants.

  • Price Range: ₹30 – ₹33 per kg

• HMS Grade 2 (HMS 2):

  • This grade consists of lighter scrap compared to HMS Grade 1. It may include thinner pieces of steel, pipes, and other scrap materials.

  • There might be a slightly higher percentage of contaminants than Grade 1.

  • Price Range: ₹29 – ₹31 per kg

b. Light Melting Scrap (LMS)

Light Melting Scrap consists of smaller, lighter pieces of scrap iron and steel that can easily be melted down and recycled. This category often includes items like light metal structures or thin-gauge scrap.

• LMS Grade:

  • The material in this grade is often smaller and thinner, with a low value due to the fact that it may have higher contamination or mixed materials.

  • Price Range: ₹8 – ₹15 per kg

c. Industrial Scrap

Industrial scrap refers to scrap iron and steel that is produced by industries during manufacturing or machinery breakdowns. It can range from sheets, cuttings, and off-cuts from industrial equipment or even scrap that comes from factories.

• Industrial Grade Iron Scrap:

  • This grade typically has a higher value than general scrap as it is usually cleaner and comes from controlled manufacturing environments.

  • Price Range: ₹25 – ₹30 per kg

d. Cast Iron Scrap

This type of scrap comes from cast iron products like engine blocks, pipes, and other cast iron items. Cast iron is known for its brittleness and is often more difficult to recycle due to its impurities.

• Industrial Cast Iron Scrap:

  • The scrap must be free from non-metallic materials like sand, paint, or other contaminants.

  • Price Range: ₹30 – ₹33 per kg

e. MS (Mild Steel) Scrap

Mild steel is commonly found in buildings, machinery, and appliances. MS scrap is a versatile scrap metal that can be recycled into various products like new steel beams, rods, and pipes.

• MS Scrap Grade:

  • This grade consists of scrap material from old mild steel sheets, rods, pipes, or structures.

  • Price Range: ₹28 – ₹33 per kg

f. Galvanized Iron Scrap

Galvanized iron is iron coated with a layer of zinc to prevent rusting. While it’s still iron scrap, the zinc coating adds complexity to the recycling process.

• Galvanized Iron Scrap Grade:

  • The scrap material may have a coating of zinc, which makes it more difficult to melt down than pure iron scrap. Some buyers prefer pure iron over galvanized scrap due to the higher cost of processing.

  • Price Range: ₹20 – ₹25 per kg

g. Iron Sheet Scrap

Iron sheet scrap refers to iron or steel sheets that are used in various industries for construction, roofing, or making metal products.

• Iron Sheet Scrap Grade:

  • This grade refers to scrap from iron sheets that are cut into smaller sizes or come from large-scale sheet metal parts.

  • Price Range: ₹34 – ₹40 per kg

3. Additional Classification by Size

Iron scrap can also be graded based on the size of the material:

• Shredded Iron Scrap:
  Small pieces of iron or steel that have been shredded for easier melting. This type of scrap is often used in large-scale steel mills for the production of new steel.

• Non-Shredded Iron Scrap:
  Larger and bulkier pieces of scrap iron, like metal parts or sheets, that have not been processed yet.

4. Purity and Contamination

The purity of iron scrap significantly affects its grade. Pure iron or steel scrap with minimal contamination (like non-ferrous metals, plastics, or dirt) will be valued higher. Contaminants must be removed before the scrap can be processed, as they can affect the quality of the final recycled product.

• Clean Scrap:
  This refers to iron scrap that is free of contaminants, rust, and non-ferrous materials.

• Mixed Scrap:
  Contains a mix of metals and materials that might need extra processing to separate the different metals.

5. Factors Affecting Iron Scrap Pricing

The price of iron scrap can fluctuate based on several factors:

• Global Steel Prices: Fluctuations in steel prices influence scrap prices.

• Demand from Steel Mills: High demand from steel mills and manufacturing industries boosts scrap prices.

• Material Quality: Higher-quality, cleaner scrap will fetch better prices.

• Market Conditions: Economic factors, including inflation and currency strength, also play a role in scrap pricing.

If you’re looking for top deals on Old Iron Scrap in Bangalore, Karnataka, we connect you with the best buyers and sellers. Whether you’re an individual, a business, or an industrial unit, we help you trade scrap iron effortlessly. Contact us today to get a quote and make your scrap-selling experience smooth and profitable!

The price of iron scrap in Bangalore can vary frequently due to a variety of factors, including demand, supply conditions, and global metal market trends.

As of today, the price of iron scrap in Bangalore ranges from ₹25 to ₹38 per kilogram, depending on the type of scrap. Different grades of scrap also influence the price. For example, lighter scrap such as paint cans and other light melting scrap (LMS) typically falls in the ₹10 per kg range, whereas heavier scrap like heavy melting scrap (HMS) is priced around ₹32 per kg.

Iron Scrap Prices per Kg Today in Bangalore

Note: Prices are for reference only and may change. The final rates may differ based on factors like taxes, freight, packaging, and other charges. Prices can also vary depending on the seller, location, and scrap type, so it’s important to confirm with your local scrap dealer for the exact pricing.

Iron Scrap Prices per Tonne Today in Bangalore

Please note that these prices are for reference and could change. Additional charges such as taxes, freight, and packaging may apply. Always check with your scrap dealer to get the most accurate and up-to-date pricing.

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