Steel scrap, hms 1 and 2 scrap
Non-ferrous such as air conditioner and fridge compressor and ferrous metal scrap such as used rail, copper scrap and HMS 1&2
Plastic scrap, reprocessed plastic, recycled pellets, metal scrap, electronic scrap, paper scrap
Copper Scraps, Battery Scraps, Aluminum Scraps, Waste Paper, Pet Bottle Flakes, Serrated Stainless Steel 304, All Types Of Metal, Steel And Aluminium Scraps.
Laptop motherboards (not working)
Aluminium sheets and coils
Vegetable oils, nuts, fmcg, beverages, chocolates, soft drinks, wood timber, wood lumber, wood pellets, charcoal, euro pallets,, nutella, copper scrap, aluminum scrap, wheat flour, urea fertilizer, yellow corn maize, kidney beans, milka, nescafe, skimmed milk, whole milk, paraffin wax
Agricultural products ,woods, timber,syringes, rapid test kit ce/ivd,colloidal rapid test,gown,coverall,monitor,face shield,oximeter,face masks , nitrile, latex , gloves, covid 19 rapid test kit, rapid antigen ,real time kit,nasal swab antigen test,soda ash ,occ paper scrap, tantalum,beans, energy drinks, detergent,fresh vegetables, milk powder, ingots, copper scrap wire, charcoal ,scraps ,catalytic ,aluminum , eggs ,stingray, chicken,salmon ,seafood fish,crabs,cooking oil ,rice,corn,sugar,coffee,soybean,aptamil 1 infant baby formula ,pepper ,nuts & kernels,plant & animal oil, fillers,extract powder, whey protein ,outboards,animal feed, meat & poultry / frozen beef,pork, logs , lumber,muslim prayer mat,bath towel,luggage,diapers,covidien 030454 / medical consumables,ethicon ,conmed,arthrex ablators, lsi solutions,office copy paper,nivea cream / roll on,axe deodorant body spray,yeast powder pcr testing kits test, covid 19 pcr test kits, sars cov 2 antigen rapid test kit
Canned fish, canned fruits, dried fruits, grocery, condiment, seafood, rice
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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