Hms1 & hms2, used railway, heavy metal scraps
Steel scrap, metal scrap
Metal scrap including iron, copper, alumium scrap, hms 1 & 2
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
Metal scraps like steel, aluminium, iron and used rails R50, R65, shredded tyres and rubber tyre powders
Secondary steel products, various ferrous and non ferrous scrap, motors scrap
Non-ferrous metal scrap, such as birch/cliff, honey, ocean, talk, motors, copper transformer core, copper cables.
Bauxite ore, chromre ore powder, aluminum scrap, metal scrap
Aluminum alloy wheel scrap 99%
all kinds of scrap aluminum
Copper scrap, copper millberry scrap, copper wire scrap, HMS, metal scrap
Used rails HMS 1 & 2 copper wire scrap
Ferrous and non ferrous raw material or finished good, scrap material like copper , brass and military component.
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.
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