Construction, industrial suministros, d2, jp54, cement, used rails
Urea, cement, coconut products, condiments, sunflower oil, mushroom, olive oil, metal scrap (hms and rails), sugar and oil products (lng, lpg and mazut)
Aluminum ingots, copper scrap, used rail and RMS 1&2, urea, sulfur, sugar
Sport shoes, clothing, accessories, beverages, casual shoes, casual clothing, sandals, cement, iron scrap ,aluminum scrap, copper scrap, pork, meat, sausages, seafood, fish, canned food, canned fruits, electronics, household appliances.
Motorcycle part:cylinder, piston, camshaft, rocker, clutch presser, valve, pipe, toggle chain, battery, relay, air cleaner, lighter, brake hoof, brake block, clutch flake, spark plug, toggle lock, burglar-proof device front/back shock absorber, the high pressure bag, starter motor, inner tube
Wood pellets, cashew nuts, urea fertilizer, chia seeds, aluminum scrap, soybean meal, drained lead car battery scrap, fennel seeds, brazil nuts, caustic soda, plastic drum blue hdpe, shipping and office containers, frozen chicken, edible oil, thai rice, high impact polystyrene,hdpe black,hdpe blue, hppe transparent grade 1, black bright abs plastic, abs natural color, refined sugar, thai white rice, red lentils, chickpeas, refined soybean oil, refined palm oil, copy paper, refined sunflower oil, fresh eggs, arowana fish, fresh coconut, nitrile gloves, latex gloves, hot washed pet flakes, face mask, hdpe granules, ldpe granules, pp granules, abs granules, occ scrap, onip scrap, hdpe blue drum regrind, dry anchovy fish, outboard engines, copper scrap, pet flakes, blue drum regrind
Electrical, Fasteners, Pumps, Motors & Power Transmission, Welding, Arc Cutting And Gouging , Raw Materials , Pipe, Hose, Tube & Fittings, Tubing, Eva Tubing Nickle Chromium Tubing, Neoprene Tubing, Fuel And Lubricant Tubing, Tools & Test Instruments
Agrotextiles, extra virgin olive oil, non woven fabrics, a4 copier paper, furniture, toilet tissue paper, paper roll, waste papers
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.
