HMS 1 & 2, rail scrap
Steel tire wire scrap
Hms 1 & 2, used rails
Ms iron scrap (HMS 1)
Scrap and stainless steel scrap, ss 304 scrap, ss 202 scrap, copper scrap, aluminium scrap, ms scrap, brass scrap, high carbon scrap, cotton waste, food products like cumin, wheat, golden corn, chilis, turmeric
Aluminium extrusion scraps, mild steel scraps and copper scraps
Metal scrap, copper and copper scrap, copper plates, copper wire, copper cathode rods, hms 1 & hms 2 scrap, used ship, fertilizer
glycol, castor oil
HMS, copper wire scrap, copper cathode, UBC, aluminium extrusion, aluminium ingot
Ferrous and non ferrous scrap, minerals & ores, concentrates, steam coal, coal, clinker, agri products like rice, waste oil
Copper cathodes, copper wire millberry
Hms 1/2, Shredded Scrap, Aluminum Scrap, Copper Wire Scrap, Cast Iron Scrap, Manganese Ore, Bauxite Ore, Iron Ore, Wheat, Yellow Corn
Ferrous : hms 1 bundle, hms 1 losse, hms 1&2 bundle, hms 1&2 loose p&s, machine scrap, cast iron scrap, roter and drum, rail roads (prepared), rail roads (unprepared), rail wheels, shredded steel isri 210&211, baled car scrap (hms &2), rebars, lms, lms bundle, iron ore, iron turnings, muni west shredded (law density), auto shredded, non ferrous :6063 al extrusions, 6063 al pipes painted, aluminum copper raditaors, aluminum rods, paper, electronics, plastics, rubber
Magnesium ingots, titanium scrap
Non ferrous scrap metal, manganese scrap
Copper Wire Scraps, Copper Dross, Residues, Mill Scale Scrap, Brass: Mixed Brass Scrap, Brass Turnings, Brass Grindings Nickel Silver, Scrap, Turnings, Brass Sheet Scrap, Condenser Tubes, Brass, Dross, Lumps, Metallic, Zinc Die Cast New Or Old With And Without Attachments, Zinc Turnings, , Zinc Powder, Aluminum Profiles, Aluminum Skimming, Aluminum Carter, , Aluminum Turnings, Aluminum Ingots, Aluminum Sheets, Aluminum Wires, , Aluminum Punchings, Radiator Scrap, Aluminum Alloys, Aluminum Tense, , Aluminum Taint, Taboor, Aluminum Ubc, Litho Sheets, Aluminum Twitch, Transformer Steel From Transformers, Electric Motor Scrap, Compressor Scrap, , Lead Scrap, Cable Scrap, Ferrous
Different type of scrap carbon anodes, carbon dust, recyclables such as mixed metals, mixed plastic, wood and plywood, paper and cardboard, rubber and tires, cables and wires
Aluminium scrap, sealed units, copper, stainless steel, wires, electrical motors and scrap
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.
