Silica sand, construction, hardwood charcoals, tropical hardwood lumber, ferrous scrap metal
Tire wire scrap
Plastic, metal, aluminum, electronic waste, cardboard and other recyclable stuff
New and used tires
Zinc sheet, chain link fence, roofing tiles, barbwire, binding wire, wire nails, tracks and studs, purlins, fabric mesh/ welding mesh/road mesh, alcohol, hand sanitizer, tracks & studs, drip edge, roofing tiles, zinc sheets, chain link fencing, barb wire, wire, binding wire, fabric mesh, common (wire) nails, welding wire, other roofing accessories ( capping, fascia, gutters, hopper head),trade items, rebar, lumber, doors. ply
Raw, steam, golden, sella white and sella brown indian basmati rice, sugandha rice, basmati rice, non-basmati rice, sella basmati rice, jasmine rice, matta rice, ponni rice, brown rice, indian rice, long grain, white rice organic rice, parboiled rice thai jasmine rice and thai parboiled rice, crude oil, diesel, flour, cooking oil, sunflower oil, palm oil, coconut oil, coconut water, coconut cream, coconut milk, minerals water, fresh fruits, fresh vegetables, white sugar, soya beans, charcoals, shrimps, fish, incumsa 45 white sugar, crude oil, petroleum, cement and metals
Coltan, tantalite and tantalum
Steel slabs, billets, de bars, wire rods, angles, round square flat t bars, unp ipn ipe hea heb beams, hr coils/sheets/plates, chequered plates, cr coils/sheets, hdg coils/sheets, pre painted coil/sheets, corrugated & trapezoid sheets, galvalume coils/sheets, erw tubes (structural, water & gas), hollow sections ( square & rectangular tubes), saw pipes.
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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