Agro Foods Like Sugar, Refined Soyabean Oil, Maize, Fruits, Frozen Foods, Coal, Stone, Metal Scraps Like Hms1 & 2, Copper, Used Cloths & Furnitures Etc.
Metal scrap, metal ingots, impa products, ftth products, medical supplies,
Food and Beverages , Diesel , Jet Fuel , Metal Scrap , Cosmetics
Machinery, electrical , metal and all type of e waste scrap
Secondary industrial raw materials such as carbon dust alternative fuel, carbon anodes /carbon anodes butts, cryolite, bath material, mill scale, silica sand, slag, pet flakes, pet bottles and many other.
Auto spare parts, rice, shirt, polo t shirt, metal scrap, urea
Metal Scrap , Copper , Copper Billets, Steel , Leather Wallets And Shoes, Sanitary & Related Products.
Clothes, foods and beverage, metal scrap, shoes, home appliance
Rice, fruits, dry fruits, maida, atta, scrap, marbles and granites
Cromo art paper , betel nut , chemical and solvent , polyster , scrap , shoes
Wood , metal , glass , marble
All type of metal scrap, food products, chemical & oil, electronics products etc.
Agro Foods Like Sugar, Refined Soybean Oil, Maize, Fruits, Frozen Foods, Coal, Stone, Metal Scraps Like Hms1 & 2, Copper, Used Cloths & Furniture's Etc.
Footwears, indian spices, metal scrap, heavy machinery
Iron ore, manganese ore, bauxite ore, metal scrap
Ceramics, wood crafts, leather, wool, beads, metal, clay
Metal scrap (99%), vegetable edible oils, nuts like almonds, pistacho, cashew, walnuts, dried apricots
Mutiliated woolen, cotton, acklaric, synthetic or mix rags, aluminium 6063, SS & other scrap
Sun dried figs, zipper, dry fruit, metal scrap
Teak Wood, Teak Wood Logs, Sal ( Shorea Robusta), Eucalyptus And All Types Of Wood, Metal 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.
