Hms 1& 2, Iron Scrap, & Lms Bale Scrap
Steel scrap, hms 1 & 2, shredded scrap, ferro alloy products, sponge iron, quartz powder
Brass, bronze & gun metal
Motor and compressor scrap
Intel pentium pro ceramic CPU scrap
Secondary steel products, various ferrous and non ferrous scrap like mix motors scrap, aluminium scrap, stainless steel scrap, insulated copper wire, zorba and zurick motors scrap.
Ferrous non-ferrous, mill scale, metal scrap, ingot, bloom, coil, HBI, iron pellet, sponge iron, copper scrap, copper cathode, aluminum scrap, aluminum ingot
Cast iron scrap, aluminum scrap, metal casting products, and industrial recycling materials
High quality 99% pure iron metal scrap
MS plate, scrap, bronze
Knitted garments, metal scraps, building material
Fish, meat, dry fish, frozen food, scrap metal
Waste paper, paper scrap, used paper and used clothing
HMS 1, scrap vessels, ship plates, TSP 46, urea 46, sugar, wheat, rice, skimmed milk powder
Cr coil, heavy meltable metal scraps, b-grade polyester tire cord, plastic raw materials, used engines for japan made bus/truck, cat wheel loader
Pulses, onion, wheat, sugar, metal scrap
Bitumen, meat & bone meal, news print, rice, scrap vassel & hms-1&2
Kraft paper, MS billet, sponge iron, HMS1
Organic and inorganic chemicals, petrochemicals, solvent, fertilizers, crops and grains, metal scraps
Scrap Metal is the recyclable leftover scrap from construction sites, industrial sites, homes, etc. The scrap metal business plays an important role in the sustainable development and conservation of the environment. The increase in searches like scrap metal near me indicates a positive impact and the buyer interest in recycling and trading scrap metal, which can be a good opportunity for traders to latch on to.
The global scrap metal recycling market is estimated at USD 318.85 billion in 2025 and is further anticipated to reach USD 631.72 billion by 2034 with a CAGR of 7.90%. The scrap metal industry is staying ahead of the market and is constantly growing. This growth shows a positive light towards business expansion or profits for exporters.
Scrap metal can be a profitable business due to multiple factors:
With the onset of the digital era and artificial intelligence, it has become all to more easier to find buyers of metal scrap. Metal scrap is a booming industry and has huge demand in various industries including Aluminum Scrap Importers, as we discussed earlier. There are many B2B marketplaces, networking events, trade shows or data directories to find scrap metal buyers.
The trends in the scrap metal industry are evolving, and it is essential to stay up to date with these trends:
General scrap metal prices are:
Conclusion
The scrap metal business offers significant opportunities for profitability and environmental impact. Staying informed about scrap metal prices, understanding the types of metals, and adhering to regulatory requirements are essential for success in this industry.
1. What is the price of 1 kg of scrap iron in India today?
The price of iron is between Rs. 28-38 per kg.
2. What is the HSN code for metal scrap?
The HSN code for metal scrap is 7204, and the detailed breakdown is:
3. What is the GST/TDS on metal scrap?
As per Notification No. 25/2024-Central Tax dated October 9, 2024, a 2% TDS is applicable on metal scrap transactions exceeding ?2.5 lakh between registered businesses. This is split as CGST 1% and SGST 1% for intra-state supplies, or IGST 2% for inter-state supplies.
