Palm oil, copper scrap, iron scrap
Aluminium, copper, iron scrap
Iron, aluminum, lead & copper scraps
Brass, aluminum, copper scraps
Aluminium, iron, steel scrap
Steel scrap, copper, aluminum
Honey brass, aluminium, copper, iron scrap
Mild steel scrap, plates, sheets
1) light melting steel scrap 95 98% pure steel. hsn code : 72044900
2) light melting steel scrap 70 75% pure steel. hsn code : 72044900
3) rubber chips from tire recycling 20 25 mm steel free. hsn code : 40040000
4) rail scrap
5) hms 1 scrap
Metal scrap, copper scrap, iron scrap, aluminium scrap, nickel scrap, rail tracks, sunflower oil, crude oil, petroleum oil, sugar, sand, flour, frozen meat, chicken, jade, gemstone
Car scraps, aluminum scraps, MS, HMS 1 & 2, used rails, copper scraps, tyre scraps, ladies lingerie, sugar, rice, iron ore, MS billets
Paper scrap, aluminum scrap, aluminum ingots, copper scrap
Steel coil of 2nd grade, eg, ga, gi, scrap of plastic and metal, prime material of plastic, caviar, soybean, maize, corn, chicken parts, paw, feet, mjw, hms1/2, aluminum scrap, copper cathode, copper wire, ubc
Plastic regrind, copper scrap and aluminum ingots
Allumunium casting, brass products, tools , plastic assessery etc.
Unused and secondary quality of steel pipes, plates, and sheets, seamless pipes, hr steel coil, cr steel coil, galvanized and hot dip steel coil, stainless steel pipes and plates, ferrous and non ferrous scrap, heavy machineries and equipment
All types of zinc scrap, zinc ash, zinc skimming
Paper stock lots & waste, metal & steel scrap, and all types of scrap
Iron scraps, newspapers
Aluminium Foil, Sheet Coil, Coil, Strips And Hamatite Adhesives.
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.
