Iron scrap, copper scrap, aluminum, scrap
Rubber powder, aluminium scrap, plastic granules
Aluminum, aluminum scrap, iron scrap, copper
Copper scrap, brass scrap, waste paper, computer ram
Sugar, Palm Oil, Cp10 & Cp8, Palm Acid Oil, Paper, ,Paper Roll, Iron Ore, Fines & Lumps, Green Petcoke, , Sulphur , Metal Scrap, Copper Scrap (millburry, Plates, Ingots), Aluminum Scrap And Scrap Ships & Barges (broken Down)
Copper
Copper iron
HMS, used rail, coal
High purity iron billet, electric steel, electric magnetic iron, ultra low carbon magnetic iron bar, low carbon steel, soft magnetic iron bar suyb 1, pure iron(sae ams 7707c iron) ingot iron, iron billet, soft iron, armco pure iron, iron remelt ingot, melting grade pure iron billet, astm a848 magnetic iron(alloy 1), iron cathode, electrolytic iron
Electronic components, scrap metals, bunker fuel, rice, copper, sugar, solar panel
HMS scrap, copper scrap, rare earth
Oil , hms, copper scrap
Scrap HMS 1 & HMS 2, alu 6063, copper scrap, fruits & vegetables
Used Rails R50/r65 , Hms 1&2, Copper Wire Millberry, Copper Cathodes, Aluminum Ingots, Lead Ingots, Zinc Ingots, Sulphur, Steaming Coal, Aluminum Extrusion 6063 Scrap , Copper Ingots, Copper Ore, Zinc Ingots, Wheat Sortex, Aviation Kerosene Jet A1, Soybean Oil, Sunflower Oil Refined And Urea 46 Fertilize
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.
