Metal scrap, cashew nuts, fishing products
Scrap, shoes, electronic items, spices, toys, jewellery
Rice, Clinker, Slag , Fly Ash, Textile, Scraps, Petroleum By Products
Agricultural products like grains, food and beverages, petroleum , metals
100% raw cotton, cotton yarn, cotton sugar and all types of rice including agro commodities, metals scrap and lubricants, hand sanitizer
Foods, vegetables, scrap materials, surgical equipment, and other agricultural products
Agriculture product, metals, animals horns
Rimagined purchases all industrial wastes both pre and post consumers like metal, rubber, fabric, glass, wood etc.
Stainless steel secondgrade, nickel, scrap material
Handmade papers, metallic papers, kraft papers, coated &uncoated papers, silicone papers, foil papers
Machinery, chemicals, rayon fiber, yarn, fabrics, scrap papers, metal scrap
Cosmetics, toys, household, stationery, food and beverages, precious metals, industrial metals, rare metals
Conveyor belts, iron ores, scrap metals, crude palm oil, machines, fiber optical, pharms products
Aluminium & lead ingots, metal scraps , steel valves & related industrial products
Mep materials, fire and safety products, metals, steel, pumps, charcoal
Scrap, tyres, oil, palm oil, agar oud
Scrap and waste papers, tissue paper, magazine paper, newspaper onp and oinp, occ
Clear float glass, indigo blue pigments, brand new cars, wheat, wheat flour, corn, barley, rice, palm oil and sunflower oil, cashew nuts and brand new metals and metal scrap
Mutilated woollen, acrylic, cotton rags, caw rags, cotton and woollen fabric cutting clip waste and yarn waste
Sugar, rice, edible oils, copper cathodes, HMS1 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.
