Spices, pulses, grains, dry fruits, chemical, readymade garments, metal scrap, plastic scrap
Garments, electrical and electronics goods, plastic scrap, metal scrap
Aluminum, copper, HMS 1 & 2, iron ore, pig iron, sponge iron and TMT rebar scraps
PVC Pipes, ferrous & non-ferrous scraps
Minerals and ores, iron, zinc, copper, others metal scrap hms 1, hms 2, hbi hot briquetd iron, aluminium, oil derivates, diesel 2, crude oil (rebco)
Iron scrap, steel scrap
Stainless Steel Scrap
Stainless Steel Scrap
Iron scrap
M.s steel,ss steel bars,castings,forgings.
Onion, Vegetables, Sugar, Egg, Coconut, Iron Scrap, Aluminum Scrap, Copper Scrap
Used car batteries scrap, used car tyres, used motorcycle tyres, and metallic scraps, new battery, new lithium battery. new battery.
Scrap Materials Such As Hdpe Film, Copper Wire Scrap, Aluminum Ingot, Aluminum Scrap, Copy Paper, Wood Pellet, Pvc Window Profile Scrap
HDPE cement bag scrap, cement bag scrap, HDPE bag scrap, hdpe scrap, LDPE scrap
Scrap like iron, steel, fe & non- fe, electrical cables, ac, panel boards, transformers, generators, ups & batteries, tower scrap, office scrap, industrial scrap
Fe and non fe scrap, metals like MS iron, copper, aluminum and electronics scrap like AC, UPS, batteries, cables, transformers, DG, machineries
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.
