Not all iron scrap is priced the same — here's how the type you're selling changes the number.
"Iron scrap" is a broad label that covers a few different materials with different values. Mild steel — the kind found in almirahs, grills, and structural pieces — is the most common and forms the baseline rate. Cast iron, found in old pipes, engine blocks, and some cookware, is denser and sometimes priced slightly differently depending on the buyer's onward market. Mixed or rusted iron, where multiple grades are jumbled together, usually settles at the lower end.
| Type | Typical source | Rate position |
|---|---|---|
| Mild steel | Grills, almirahs, furniture frames | Baseline rate |
| Cast iron | Pipes, engine parts, old cookware | Comparable to baseline |
| Mixed / rusted iron | Assorted household scrap | Slightly discounted |
Iron and steel scrap rates in our network have stayed fairly steady over the past couple of weeks, tracking normal demand from local rerolling mills rather than any sharp swing. That's typical for iron compared to copper or brass — it moves more slowly because domestic steel demand doesn't shift as quickly as global metal-commodity prices do.