Spices like cumin powder, aluminium & metal scrap, industrial fuel such as steam coal, wood pellets, pet coke, lignite, furnace oil
Rice, wheat, metal scraps, cellphone, garments, sugar, palm oil, plastic scrap
Waste paper, steel/metal scrap, closeout sale, fiber waste, all kinds of recycling raw materials, second hand computers/laptops, prepherials, blank cd-r
Scraps of all kind( plastic grains, metal, paper roll, etc), medical equipment
HMS scrap, oil, cement & clinker, iron ore, wheat, rice
Raw cashew nuts, heavy melting scrap 1&2, pulses, timber, rice
Spices, pulses, grains, dry fruits, chemical, readymade garments, metal scrap, plastic scrap
Garments, electrical and electronics goods, plastic scrap, metal scrap
Aluminum, copper, HMS 1 & 2, iron ore, pig iron, sponge iron and TMT rebar scraps
PVC Pipes, ferrous & non-ferrous scraps
M.s steel,ss steel bars,castings,forgings.
Aluminium scrap like aluminium dross, aluminium cans, aluminium wire, aluminium shavings
Computer Product Scrap Or Used. And Electronics Devices.
Mobile Phone Circuit Board Scrap, Motherboard Scrap Pcb Circuit Boards For Extraction Of Copper, Gold.
Electronic scrap like motherboard, mobile scrap, old pc, old laptop
E Waste Which Includes Mobile Boards, Mother Board , Ram , Cpu And Catlyatic Converter Ash
Scrap Like Rams, Pc, Server, Laptop, Cpu Phone Boards
All Types Of Non Ferrous Scrap , Electric Motor Scrap, Lead Scrap, Copper Scrap, Insulated Wire Scrap.
E waste like monitor desktop, laptop, printers, ups, server, switch
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.
