Scrap metal HMS1, HMS2 , rails
Used cars, scrap material such as used car engine aluminium
Recycled metals (hms 1 & 2, recycled aluminum),automobiles & trucks (cars & & semi trucks)
Urea, cement, coconut products, condiments, sunflower oil, mushroom, olive oil, metal scrap like HMS and rails, sugar and oil products like LNG, LPG and mazut
White long rice, food, beef cuts from swine and poultry, live cattle and buffaloes, bovine and buffalo, powdered milk, cornmeal, rice, beans, canned, juices, beef jerky, wheat flour, pasta, canned meat, coffee, mineral commodities like iron ore, copper ore, manganese ore, niobium ore, bauxite ore, graphite, palladium, ferrous scrap
Sugar ic45, ic150, ic500, ic600 1200, soya, corn gmo and non gmo, oils such as sunflower oils, soybean oils, corn oils, palm oils, canola oils, rice, soybean gmo and non gmo, wheat like blando, wheat flour, bitumbean, bean carioca, bean black, iron ore, manganese, chicken whole and cuts, beef cuts, pork cuts, coffee, pellets, charcoal, petro products like urea granular and prilled, jet fuel oil (jp54 /jpa1), light cycle oil (lco), diesel gas oil gost 305 82 (d2), light crude oil (lco), virgin fuel oil (d6), bitumen grade 60/70, diesel automotive gas oil (ago), petcoke, mazzut fuel oil (m100), diesel automotive fuel en590 10ppm, liquefied petroleum gas (lpg), diesel oil sn150, sn500, liquefied natural gas (lng), cst fuel oil 180/280/380, export blend crude oil (ebco), virgin gasoline 88/91/92/95/97, eastern pipeline ocean oil (espo)
Chemicals, Aluminum Powder, Carbon Black, Urea Fertilizer, Xanthan Gum, Sodium Nitrate, Trichloroisocyanuric Acid, 3" Pool Chlorinating Tablets, Ammonium Chloride, Caustic Soda, Sodium Lauryl Sulfate, Sorbic Acid, Sodium Chloride, Sodium Carbonate (soda Ash), Phosphoric Acid, Calcium Hydroxide, Ascorbic Acid, Propylene Glyco, Potassium Sorbate, Potassium Nitrate, Magnesium Oxide, Lactic Acid, Isopropyl Alcohol, Glycolic Acid, Glycerin, Acetone, Zinc Chloride, Sodium Tripolyphosphate, Sodium Thiosulfate , Sodium Thiosulfate Anhydrous, Sodium Silicate, Sodium Permanganate, Potassium Chloride, Potassium Carbonate, Magnesium Chloride, Isocyanuric Acid, Hydrogen Peroxide, Copper Sulfate, Copper Oxide, Citric Acid, Calcium Chloride, Calcium Carbonate, Boric Acid, Borax, Acetic Acid, Lithium Carbonate, Lithopone, Construction Chemicals, Specialty Chemicals, Industrial
chemicals, Lithium hydroxide, lithium carbonate, Ethanol, Base Oil, Gamma butyrolactone (gbl)
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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