Cast Iron (Hms1 & Hms2)
Industrial motors, from 220v 13kv, ratings from 0.25kw 13mw, including dc,ac, aluminium motor, flame proof motor
Pp pallet regrind plastic scrap
Agriculture, food and drink products, rice, sugar, natural rubber, coconut, tapioca starch, frozen chicken, urea fertilize, chemical, metal products like zirconium, sulphur, aluminum, scrap
Used alternator starter scraps
RF AC compressor motor scrap
Scrap ac fridge compressor and lead car and truck batteries
Agriculture chemicals, crushed stone, steel, copper, aluminium, scrap
Cast iron crucibles, cast iron melting pots
S.S materials & M.S materials products like pipe, plate, coil round bar, pipe fittings, copper, brass, aluminum, stainless steel sheet, plate, coil, pipe & pipe fittings, round bar, grade of 202, 304, 304L, 310, 310S, 316, 316L, 316TI, 321, 410, 430, and copper, brass, aluminum sheet, coil, pipe, plate, M.S. carbon steel seamless, ERW, pipe & pipe fitting M.S. plate, EN 24 rod, EN 9 rod, EN 8 rod, M.S. rod
HMS 1/2, shredded scrap, aluminium scrap, copper wire scrap, cast iron scrap, manganese ore
Pvc conduit pipes & fittings.
casing capping & fittings.
electrical switches.
wires & cables.
boxes & enclosures.
distribution switchgear.
electrical doorbells.
other electrical accessories
Pain wire n copper wire scrap
Aluminium wire scrap and magnesium ingots
Ferrous & non ferrous metals: hms, copper, aluminium;
petroleum products;
petro chemicals & fine chemicals;
agro commodities;
paper & allied products;
polymers & plastics
Handicraft of brass, aluminium, iron, wood and glass.
HMS scrap aluminum scrap, copper cathode, copper scrap, steel scrap, iron scrap & all types of metal scrap
Brass bar, brass sheets & coils, brass pipes, cooper sheets & coils, cooper bus bar, aluminium plate, aluminium bar, bronze bard & hollow, grey cast iron bar, cable, and welding wire
Copper cathode, Copper Millberry Scrap
Copper Scrap Wires And Cathode.
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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