Metal scraps, ores, alcoholic beverage, construction materials, agriculture products, coals, minerals & metallurgy, industrial fuel, meat & poultry, petrochemical products, marine parts & accessories, energy & mineral equipment, timber, plant & animal oil and chemicals
Solar cell scrap, aerospace metals, precious metals, medical equipment, steel plant equipment, machines, welding equipment, welding consumables, a4 copy paper
Metal scraps, ores, alcoholic beverage, construction materials, agriculture products, coals, minerals & metallurgy, industrial fuel, meat & poultry, petrochemical products, marine parts & accessories, energy & mineral equipment, timber, plant & animal oil and chemicals
Silver, silver billet, gold, iron ore, copper products and billets, pc scrap, old pc, new brand laptops, electronic devices
Scrap metal, drilling pipes, brunei shell petroleum used pipes, heavy machineries, cranes, hiap truck
Coils, textile material, machinery, metals, tools
Scrap metal, construction aggregate, oil sand, high purity silica, asphalt, cement, pozzolan, metallurgical limestone
Cosmetics raw ingredients, coffee beans, cocoa beans, cement, cashew nuts, scrap metals, fertilizer, bitumen, bio-organic soybean
Asian handcrafted fashion jewelry, accessories, handbags and slippers made from natural raw materials like wood, coco, shells, pearls, metal, satin and stones
Asian handcrafted fashion jewelry, accessories, handbags and slippers made from natural raw materials like wood, coco, shells, pearls, metal, satin and stones
Agriculture beans, food & beverage, nuts & kernels, oils & extracts plant oils, animal husbandry feed, fruits other fruits, energy products industrial fuels, chemicals agrochemicals fertilizer, industrial machinery minerals & metallurgy metal scrap
Sunflower oil, wheat, flour, grain and seeds, pig iron, metal scrap, sugar, chicken, rice
Medical and lab equipment, scientific research equipment, industrial equipment and raw material, chemicals for labs and industries, metals and minerals, scraps hms 1, 2, used rail, copper products and scraps
Car wreck, electric cable, washing machine, phone charger, computer, TV, copper, aluminum, wood, steel
Cement, marble, mosaic, olive oil, textile, packaging, handicraft, hand made, ceramic tile, porcelain, tableware, scrap, HMS
Metal scrap - HMS1, HMS1&2, shredded scrap, used rails, aluminum tense, TT, extrusion, cables/wires, copper, brass, zinc, chemicals, iron ore, sulphur
Iron scrap, aluminum scrap, copper scrap, plastic scrap, rubber scrap, lubricant, used cooking oil
Rice, Potatoes, Maize Corn, Halal Gelatin, Molasses, Ethanol, Mineral Water And Mangoes And Mining Products Like Ferro Silicon Manganese, Heavy Metal Pipe Scrap
Zinc scrap, dust, ore, concentrate, copper scrap, dust, ore, concentrate, cobalt scrap, dust, ore, concentrate
Stainless steel, stainless steel wire, bright bars, pipes, tubes, stainless steel barbecue rods, stainless steel skewers, stainless steel square rods, steel pipes, tubes, thatching screw
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.
