Spices, dry fruit and vegetable, agro commodities, fruits & vegetables, and food, plastic and metal scrap, equipment and machinery
Wood pellet, copy paper, copper cathode, seeds, seed oil, activated carbon, iron oxide, paraffin wax, active cough syrup, urea, metal scrap
Textile, walnut, almond, scrap metal, used machinery
Copper scrap & brass scrap
BOPP Transparent And Metallized Film Scrap,HDPE Scrap,LDPE Scrap,PET Scrap,PET Waste,Plastic Scrap
Base metal,brass,iron,steel,magnetig material, metal parts, supplies,metals &related equipment, precious metals,waste, scrap metal, wire mesh,wood, glass
Chipped and or shredded tyres (tires)
Aluminum ingots, copper cathodes, copper millberry scrap
Used Rails, Copper Wire Scrap, Copper Cathodes, Aluminum Ingots
Brass wire
Metals like aluminum, steel, iron, copper, zinc, scraps, plastic like PET, PP, bottle scraps, textile like home textiles, woman textile, man textile, home accessory , foods like dried foods
Construction industry, automobile, textile, food, scrap, import and export
Occ waste paper, iron scrap
Computer cpu processor scrap motherboard
Sugar, pasta italian, flour wheat, wheat durum, yellow corn, soybean, coffee, wine, powder ice cream, used rail, copper cathode, copper millberry, aluminium ingot, iron ore
Copper and steel scrap
Scrap HMS, Used Rails, Iron Ore, Copper Ore, Manganese Ore, Coltan, Wine Barrels
Raw materials wire bar/rod, strip/coil, sheet/plate, metal powder, materials like stainless, copper & copper alloy like brass, bronze, nickel silver, nickel and nickel alloy, carbon and alloy steel, special metals, products for heat exchanger, pressure vessel and pipeline, products for building & architecture
Aluminum and iron and derivatives
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.
