Computer components, leather, chemicals, sugar, metal scrap, paper and cosmetics
Palm oil, crude oil, metal scrap, urea, petroleum products
Molasses, crude oil, metal scrap, paper boxes, diesel oil, aviation fuel
Generators, chemicals, yarns, fabrics, metal scraps
Metal scrap, iron ore, wheat, rice, sugar
Iron ores, metal scrap, electrical, electronics
Grey fabrics, cotton yarn, used cranes & heavy machineries, HMS 1 & 2
Iron ore, iron pellets, metal scrap, copper cathodes, computers, laptops, mobile phones, food products
Chemicals, metals scrap, iron ore, coal, cement, rice, wheat flour, soya meal
Metal scrap, HMS1 & HMS2, refrigeration scrap, coking coal, thermal coal, leather and leather products
HMS 1&2, printing machinery, copier paper, chemicals
Machineries, food products, almonds, dry fruits, fruits, lentils, pulses, metal scraps, marine products
Mill scale, iron ore, HMS, manganese ore, lime stone, quick lime, coal, met coke, China clay, bentonite, fluorspar
Bauxite, manganese, coal, copper,HMS, iron ore
Tungsten carbide product, scrap tungsten drill, rods, scrap monel alloy, nickel alloy, titanium-plates, pipes, round
Iron scrap, copper scrap, aluminum scrap, aluminum ingots
Brass, remelted zinc ingots, zinc dross, zinc ash, zinc oxide, lead dross
Aluminum and lead scrap, automobile scrap, lead batteries
Crude oil, jet fuel a1, used rails, hms 1&2 and scraps metals, md2 pineapples, arabica coffee beans, dry coconut, excavators, bulldozers,
Pet bottle scrap flakes,hdpe scrap,ldpe scrap,pet scrap,pet waste,plastic 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.
