Transparent Pricing Formula
Scrap pricing is not arbitrary haggling. At Sivam Metal, every quotation is rooted in verifiable international exchange benchmarks, domestic mill recovery formulas, and on-site physical grading. Here is the exact arithmetic.
We track real-time exchange rates from the London Metal Exchange (LME) and COMEX futures, converted at the live USD/INR exchange rate. These establish the raw baseline value for 99.9% pure refined metal.
Scrap requires collection, sorting, shearing, and induction furnace re-melting. The gap between the refined benchmark and scrap price represents melting loss, slag, and transport economics.
Not all scrap of the same metal is equal. Bare copper pays more than insulated wire; thick HMS-1 beams pay more than thin rusted sheet; SS 304 food-grade pays double SS 202 decorative steel after chemical drop testing.
Every load is weighed on certified digital weighbridges and electronic platform scales in your presence. Attached non-metals (wood, rubber beading, concrete) are shown and deducted as visible tare.
One single formula cannot accurately price every scrap material. A piece of pure copper cathode, a 60/40 brass water tap, a 500 kg electric motor, and factory demolition rubble require distinct mathematical pricing engines.
Copper, Aluminium, Lead, Zinc, Nickel, Tin
Formula: LME ($/MT) × USD/INR ÷ 1000 = Refined ₹/kg → - Remelt Scrap Discount % → × Grade Factor % → - Labour & Transport → - Margin = Final Buying Rate ₹/kg.
HMS 1, HMS 2, Cast Iron, Structural MS, Sheet
No LME index. Derived directly from local induction furnaces and rolling mill billet rates (Salem & Mandi Gobindgarh) minus shearing, loading, and transit costs.
Honey Brass, Gunmetal Bronze, SS 304, SS 316
Formula: Intrinsic Value = Σ(Element % × Element Benchmark). Brass is 60% Cu + 40% Zn; SS 304 is 8% Ni + 18% Cr + 74% Fe minus furnace refining slag deductions.
Electric Motors, Armored Cables, Transformers
Multi-metal decomposition: 500 kg Motor = 12% Cu (60 kg) + 8% Al (40 kg) + 65% Fe (325 kg) + 15% Waste − dismantling labor − haulage = Net Maximum Purchase Payout.
Factory Debris, Broken Glass, Mixed Lots
Safe site cleanup where non-recyclable debris and broken glass handling costs are offset against the high intrinsic cash value of copper, brass, and heavy steel lots.
Select any metal to see how today's yard rate is computed from the domestic benchmark.
Melting recovery yield: 88–92% in induction furnace. Heavy structural beams command top rate; rusted thin sheet commands base.
Magnetic test (full attraction) + thickness gauge (>6mm is HMS-1 grade).
Simple preparations you can make before our truck arrives to land in the highest possible price tier.
Never sell copper, brass or aluminium mixed inside an iron load. Mixed piles are legally paid at the rate of the cheapest metal in the pile. A few minutes of sorting is worth thousands of rupees.
Wood, rubber gaskets, glass panels, and concrete weights are deducted as dead tare. Stripping attached non-metals beforehand turns dead weight into paid metal weight.
Paper, cardboard cartons, and machining swarf should be kept under cover. Damp paper loses value rapidly, while oil-drained swarf commands a higher recovery premium.
Consolidated larger lots (e.g. 1 ton vs 50 kg) reduce logistics overhead per kilogram. We pass these logistical savings directly to you with improved bulk consignment rates.
Don't let SS 304 be graded down to SS 202. Ask for a chemical reagent test on stainless steel and brass alloys before quoting to guarantee you get the exact alloy rate.
Scrap stored at ground level with easy vehicle access saves manual labor and loading time, allowing us to offer maximum purchase rates without site extraction deductions.
Scrap prices change daily with exchange movements. Sivam Metal sends an automated morning rate update at 8:30 AM IST every day, covering Iron, Aluminium, Copper, Tin, Batteries, and Cartons.
Unlike middlemen who quote arbitrary numbers, Sivam Metal uses an arithmetic valuation model based on 4 pricing pillars: global benchmark rates, grade purity, processing costs, and volume logistics.
Learn exactly how we test grades, calculate contamination tare, and ensure you receive fair, transparent compensation for every kilogram.
Every quotation is determined by these four verifiable metrics.
Global LME and domestic indices establish the raw market ceiling for 99.9% pure refined metal.
Scrap metal requires smelting and refining. Clean bare copper retains 90-95% of benchmark; insulated wire retains 40-60%.
Energy, gas cutting, shearing, baling, and transportation costs required to transport scrap to downstream mills.
Commercial and industrial consignments above 500 kg receive wholesale premium rates due to lower logistics overhead.
Send photos with your material type, approximate quantity and location. Free pickup for eligible loads, weighed in front of you, paid by cash or UPI.