Metal materials, such as aluminum ingot, aluminum bar, aluminum scrap, zinc ingot, copper wire scrap, cathode copper, magnesium ingot, lead ingot, cadmium ingot, antimony ingot, cobalt oxide, cobalt sheet, nickel powder, nickel sheet and other metal materials.
Aluminum ingots, aluminum scrap ubc, aluminum extrusion, 6063, metals, minerals, used tyres, scrap tyres, shredded tyres, baled tyres, manganese ore, copper ore, lead ore, nickel ore, chrome ore, zinc ore, coal, wood, a4 size copy paper, occ scrap, pet flakes, plastic scrap, hms scrap, used rails, saffron, essential oils
Casting products and mineral ores
Brass scrap, iron scrap
Brass scrap, copper scrap
Brass scrap, copper scrap
Cast iron scrap, steel scrap
Plastic iglow, metals scrap, plastic granules
Seafood, Scrap Iron, Timber, Mining
Food product, minerals, Steel, Medical items, including scrap
Waste paper, scrap plastic, scrap metal, used tire, new/used car, hospital equipment, and scrap material sorting machine
Edible Oil, Iron Scrap Form, Timber Logs, Coffee, Cocoa Beans, Babies Wear
Fertilizer, urea, DAP, mop, NPK, cement, clinker bitumen, metal scrap, aluminum scraps, industrial chemicals
Rice, wheat, metal scraps, cellphone, garments, sugar, palm oil, plastic scrap
Quartz powder, phosphoric acid, sesame, cashew kernels, bauxite, scraps like metal scrap, plastic scrap
Garments, hosiery, iron ore, hms scrap, coconut shell powder, charcoal, wood charcoal, metals scraps, food products, consumer goods, herbals, herbal products
Metal scraps, HMS, used rails, copper cathodes, metal ingots, ores, slags, plastics scraps, waste paper, urea, cement, clinker, GGBFS, crude oil, coal, LPG, LNG, bitumen, sugar, indian sugar, rice, coffee, currencies, MTNS, BGS, SBLCS
Hms 1 & 2, copper, steel billets, steel pipes, stainless steel pipes, urea46%, cement opc42.5, used toyota cars and spare parts
Stainless steel scrap, MS scrap, aluminum 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.
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