Aluminium scraps like alloy wheels, wire scrap,alloy wheels,aluminium scraps,wire scrap
Steel scrap, copper scrap, aluminum scrap, aluminum ingot, zinc ingot, copper ingot, magnesium ingot, copper cathode
Hms1 & 2, Used Rails, Steel Billets, Tmt Steel Bars, Iron Ore, Parboiled Rice, Basmati Rice, Sella Rice, Mansouri Rice, Icumsa 45 Sugar, Copper Wire, Copper Cathode, Aluminium Ingots, Aluminium Wheel Scraps, Aluminium Ubc Scraps, Urea, Dap, Npk, D2, En590, Jet Fuel A1 And Coal
Lldpe Cotton Film Plastic Scrap.
Copper Water Bottle (Huk470).
AC, Fridge Parts.
Pet Bottle Scrap
Knife, Fork, Spoon, Motor Cycle Suite
Cast iron boring scrap, angle & channel
Bauxite, coal, rail scrap
Tungsten carbide insert scrap, carbide endmill cutter, tetra sheet scraps
Copper ore, copper concentrate, copper blister, copper matte, copper scrap, copper millberry, copper alloy scrap, copper clove, copper powder, copper sludge, copper spent catalyst, moly mo spent catalyst, moly mo ore concentrate, moly mo residue scrap, tungsten w spent catalyst, tungsten scrap
Cast iron scrap, stainless steel, cast iron, hms, plates,structures, electric motors, shield units, aluminium steal, catalytic converters, gas meters, cotton and almonds, nuts, rice
Food emulsifiers, steel iron scrap, aluminium scrap
Manganese ore, iron scrap (hms 1/2 bundles), fresh lemon, banana, ginger, frozen concentrated orange juice, coffee, sugar, wood pellets.
Brass, glass, copper, antique
Brass Compass, Brass Antic Items.
Copper scraps, insulated wire, copper chops
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.