Heavy melting steel, mixed. Today’s market move for HMS scrap in India. The live ₹/kg rate is free for registered Recyclaro members.
Registered members see today’s ₹/kg rate and price range for every grade. Free to join.
Heavy melting steel (HMS 1 & 2) is the most traded ferrous scrap in India. It covers structural steel, plates, beams, rails and other heavy cuttings sized for the furnace. Induction furnaces and secondary steel mills melt it into ingots and billets.
Brent crude traded around $104 a barrel as disruption to shipping in the Gulf continued, and freight rates remain high. Higher energy costs raise the cost of smelting aluminium and zinc and of moving scrap by sea and road.
For your business: Expect higher freight on imported scrap and longer transit times. Factor transport costs into landed-price comparisons.
The rupee ended the week near ₹96.8 per dollar, close to its all-time low of ₹96.96, despite the RBI stepping in and raising interest rates for the first time in nearly four years. A strong dollar, high oil prices and foreign outflows are weighing on the currency.
For your business: A weaker rupee makes imported metal and scrap dearer in rupee terms, which supports domestic scrap prices even when LME prices are flat.
The live HMS scrap rate (Heavy melting steel, mixed) was last updated on 9 October 2026 and moved 0.00% on the day. Today’s ₹/kg rate is free for registered Recyclaro members: sign up or log in to see it.
Create a free Recyclaro account. Registered members see live ₹/kg rates, price ranges and daily history for every scrap grade, and can get quotes from verified buyers.
Demand from induction furnaces and secondary steel mills; Sponge iron and pig iron prices, which compete with scrap as furnace feed; Imported scrap offers and freight rates; Construction activity and the monsoon season.
Keep HMS 1 (thicker than 6 mm) separate from HMS 2 to get the better rate. Remove rust-heavy, coated or galvanised pieces and non-metallic attachments. Cut material to furnace size; oversized pieces are discounted for processing. On Recyclaro you can compare quotes from verified buyers.
Several times a day. The date next to the price shows the latest market day it reflects.
List your material or post a requirement and get quotes from verified buyers and suppliers on Recyclaro.
Get Started Free Open Live Index
Recyclaro is a global B2B scrap marketplace and procurement platform for buying and selling recyclables with verified partners.
Download Recyclaro App
Copyright © 2026 Recyclaro.com | All rights reserved.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.