Stainless Steel Scrap Rate Today
Today's national average stainless steel scrap rate is ₹118.29/kg (304 Grade) ▼ −0.8%
Last Updated: 26 September 2026
Stainless Steel Scrap rates by city
| City | Rate/kg | Change | Trend |
|---|---|---|---|
| Ahmedabad | ₹114.12 | ▼ −0.8% | View trend → |
| Mumbai | ₹123.83 | ▼ −0.8% | View trend → |
| Delhi | ₹115.77 | ▼ −0.8% | View trend → |
| Pune | ₹117.55 | ▼ −0.8% | View trend → |
| Rajkot | ₹123.24 | ▼ −0.8% | View trend → |
| Jamnagar | ₹123.95 | ▼ −0.8% | View trend → |
| Surat | ₹117.91 | ▼ −0.8% | View trend → |
| Vadodara | ₹124.19 | ▼ −0.8% | View trend → |
| Bangalore | ₹119.21 | ▼ −0.8% | View trend → |
| Hyderabad | ₹115.89 | ▼ −0.8% | View trend → |
| Chennai | ₹118.03 | ▼ −0.8% | View trend → |
| Kolkata | ₹118.38 | ▼ −0.8% | View trend → |
| Jaipur | ₹115.42 | ▼ −0.8% | View trend → |
| Nagpur | ₹113.29 | ▼ −0.8% | View trend → |
| Indore | ₹113.64 | ▼ −0.8% | View trend → |
Stainless Steel Scrap — 30-day national average trend
Stainless steel scrap is a premium ferrous scrap metal in India, priced well above iron and MS steel. The 304 grade is the most common and most traded variety. It comes from old kitchenware, industrial equipment, and fabrication waste. This page explains grades, uses, and pricing. For daily numbers, see today's metal rates.
What is the stainless steel scrap rate in India today?
The stainless steel scrap rate in India today is published in the rate table on this page, quoted in rupees per kilogram for 304 grade. Prices are updated daily and vary by city based on local fabrication demand. Stainless steel scrap trades at a clear premium over iron and MS steel because of its nickel and chromium content.
The table shows indicative dealer rates for standard 304 material. Your selling price depends on the grade, cleanliness, and quantity. Mixing 304 with lower grades reduces the price of the whole lot, so keep grades separate.
What grades of stainless steel scrap are traded in India?
Indian dealers sort stainless steel scrap mainly by grade, since the alloy content decides the price.
| Category | What it includes | What happens after recycling |
|---|---|---|
| 304 grade | Kitchenware, tanks, and fabrication scrap | Melted into new stainless products |
| 202 grade | Lower-cost utensils and items | Melted for economy products |
| 316 grade | Marine and chemical equipment parts | Melted for high-grade products |
| Mixed SS scrap | Unsorted stainless items | Tested, sorted, then melted |
The 304 grade is the standard quoted on price lists. Buyers often test scrap with a magnet or a testing gun, because 304 is mostly non-magnetic while 202 and lower grades behave differently.
What is stainless steel scrap used for?
Recycled stainless steel is melted and rolled into new sheets, coils, and products. It is used to make utensils, kitchenware, sinks, tanks, and industrial equipment. Stainless steel resists rust and looks good, so it is popular in homes, hotels, hospitals, and food factories. Recycling saves the costly nickel and chromium inside the metal, which keeps scrap demand strong.
- Utensils — plates, bowls, and kitchen containers use recycled stainless steel.
- Kitchenware — sinks, counters, and hotel kitchen equipment.
- Tanks — water and milk storage tanks use stainless sheets.
- Industrial — food and pharma plants use stainless equipment.
Which Indian cities have the most stainless steel scrap trading?
Stainless steel scrap trading is active in Delhi, Mumbai, Ahmedabad, and Chennai. Delhi's large utensil and fabrication markets generate steady supply, while Mumbai's port and industry support strong demand. Compare city prices: stainless steel scrap rate in Delhi, stainless steel scrap rate in Mumbai, and stainless steel scrap rate in Ahmedabad.
How do stainless steel scrap rates change in India?
Stainless steel scrap rates are updated daily and follow nickel prices, since nickel is the main cost driver of 304 grade. When nickel prices rise, stainless scrap rates usually rise too. Local fabrication demand also plays a role. Track past movement on the rate history page, and estimate your scrap value with the scrap value calculator.
Frequently asked questions
Today's national average stainless steel scrap rate is ₹118.29/kg (down −0.8% from yesterday) for 304 grade grade. Rates vary by city — the table above lists today's rate in all 15 tracked cities.
This site tracks the 304 Grade grade, quoted in rupees per kilogram. Stainless Steel Scrap from utensil and kitchenware manufacturing is the main source of this scrap in the Indian market.
Sort your scrap by grade before selling — clean, separated metal fetches more than mixed lots. Compare today's city-wise rates above, then get quotes from two or three licensed dealers in your city.
Today's stainless steel scrap rate is ₹118.29/kg on national average. Nickel content drives most of the price movement — clean 304-grade scrap fetches the benchmark rate above.