How Daily Scrap Prices Are Determined in Mumbai

Scrap prices are dynamic commodity rates that fluctuate daily based on industrial manufacturing demand, foundry consumption, and international metal exchange indices.

Key Factors Influencing Metal & Paper Rates

• Foundry & Mill Demand: Steel mills in Maharashtra consume TMT and iron scrap daily. High construction activity increases iron scrap rates.
• Material Purity: Copper wire scrap with clean insulation fetches up to ₹620/kg, whereas unsegregated mixed alloy scrap has a lower yield.
• Paper Mill Pulp Prices: Newspaper (raddi) and cardboard recycling rates move in line with domestic paper mill raw material requirements.

At My Scrap Buddy, we monitor Mandi and foundry benchmarks every morning to publish live per-kilogram pricing on our Scrap Price List.