Studies of heavy metals namely Iron, Chromium, Manganese, Cobalt, Nickel, Copper, Zinc, Cadmium and lead as pollutants in river water and waste water discharge samples of rivers around steel plants of Jamshedpur and Ghatsila, East Singhbhum, Jharkhand, was carried out from February,2012 to March, 2012. Atomic Absorption spectrophotometric analysis of non-filterable residue of bottom sediments for the heavy metals were made. The fractionation analysis of the adsorption and/or ion exchangeable, oxide coating, organic solids and crystalline phase was carried out. Total metals concentration was also determined. The sum of the concentration of metals in adsorbed, oxide coating and organic solid phases is available to biota. The crystalline phase is not available to biota. The results have been discussed and the conservation of metal available to biota have been estimated.