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Scrap Business: How to start Scrap Import Business

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Introduction

Importing Scrap: Starting an import business is an aim of many businessmen is to start a Scrap import company. As an export company, if an importer continues with the correct strategies, the import business is also a very profitable business. Millions of items are purchased, sold, exhibited, and circulated every day everywhere in the world.


There is a lot of industry in the scrap business, such as metal scrap, battery scrap, plastic scrap, electronic goods, iron, zinc, copper, mobile components, computer parts, etc.


It requires proper guidance and an understanding of the foreign market to start an import company. It is also appropriate for an importer to get all the n before starting an import.

Types of Business In scrap:

  1. Battery Recycling
  2. Recycling of Construction Wastebattery scrap
  3. Cooking Oil Filtration and Recycling
  4. E-Waste Recycling Business
  5. Recycling of Scrap Gold
  6. Paper Recycling
  7. Plastic Recycling Business.
  8. Tire Recycling    
  9. Recycling Glass
  10. Metal Scrap

Battery Recycling: Recycling of batteries: Batteries can be split into many components, such as lead-acid batteries, carbon batteries, alkyne batteries, NRHM batteries, lithium-ion batteries, and zinc-air batteries.

Read our Blog: How to Setup Lead Acid Battery Recycling Plant

Recycling of Construction Waste: Construction and demolition (C&D) materials are created during the construction of new buildings and civil engineering structures and the reconstruction or demolition of existing buildings and civil engineering structures (including deconstruction activities). Public works programs, such as streets and roads, bridges, power facilities, piers, and dams, are part of civil engineering systems. Concrete, wood (from homes), asphalt (from roads and shingles), gypsum (the key component of drywall), metals, bricks, glass, plastic, components of salvaged buildings (doors, windows, and plumbing fixtures), clearing sites for trees, stumps, soil, and rock.

Cooking Oil Filtration and Recycling: Filtration and Recycling of Cooking Oil: The majority of hotels and restaurants want this facility. In this, from different hotels and restaurants, you have to collect such oil, then extract the impurities from it and make it usable for reuse.

E-Waste Recycling Business: You need to have a comprehensive understanding of both the consumer electronics and recycling sectors in order to be competitive in electronic recycling. Conduct extensive research to gain a working knowledge of these sectors, including consumer electronic equipment components and manufacturing; problems influencing current and future markets in electronics; and factors affecting recycling markets, such as the volatility of recycled goods. Acquiring such essential information would provide insight into the type of electronics recycling company you are going to start, the market, and the scale of activities you need to support the company. But there is a lot of scope and scope.

Read our Blog: How we can help in managing your E-Waste Recycling Business

Recycling of Scrap Gold: For recycling, you can get gold from old computers and many other electronic objects. You can also contact other companies if you want to get into this market so that you can get enough material for recycling. For you, this company could be a lucrative deal.

Paper Recycling: In order to break it down, the waste paper recycling process most frequently includes combining used/old paper with water and chemicals. It is then chopped and heated, which further breaks it down into cellulose strands, a sort of organic plant material; pulp, or slurry, is the resulting mixture. It is pressed through screens that remove the plastic (particularly from plastic-coated paper). Then it can be turned into a new paper that is recycled.

Plastic Recycling Business: Plastic is a polymer that is deemed detrimental to the environment as a non-biodegradable material. Plastic cannot be broken down by natural means, unlike biodegradable substances.  Right now, the world we live in is contaminated by billions of hazardous products.  The recycling of plastic bottles and other goods, therefore, provides us with enormous business opportunities. When proper strategic planning is carried out, therefore plastic recycling business is quite profitable.

Read our Blog: Importance of Plastic Recycling

Tire Recycling & Rubber Recycling: The recycling of tires, or recycling of rubber, is the recycling process for waste tires that are no longer appropriate for use on vehicles due to wear or irreparable damage. Due to the large volume made, the toughness of the tires, and the components in the tire that are ecologically problematic, these tires are difficult source of waste. Tire recycling can be a lucrative sector, in addition to helping the environment. Recycled tires that are used in three markets are continuous source of supply for millions of used tires. Tire-derived oils, civil engineering applications, and applications for ground rubber or rubberized asphalt.

Recycling Glass: It is simple to recycle domestic waste glass (known as cullet). Around 71 percent of container glass, such as bottles and jars, is currently recycled by the United Kingdom. By 2030, the glass industry is working for a 90% collection rate for glass. Glass can be stored as part of your curbside set or in bottle banks. There is still more we can all do, such as remembering to recycle our frequently discarded clear glass jars.

Metal Scrap: The imaginative entrepreneur, who is considering starting a recycling company based on scrap metals, has a wide range of options available. A scrap metal depot that sells different recycled metals to metal recycling companies can be specialized and run. Or, specialize in one unique method of collection and recycling of scrap metal. Owning a recycling company for scrap metal is like making your business publicly traded the day it opens for business. Metals are commodities and the price fluctuates on the basis of supply and demand, often based on supply and demand estimates for certain metal forms a year or more in advance. Overall, for a recycling business star, this is a good option.

There is a list of metal scrap

  1. Brass
  2. Lead
  3. Stainless steel
  4. Cast iron 
  5. Aluminum cans
  6. Aluminum building wire
  7. Copper conductor etc. 

Requirement of Facilities in scrap business?

  1. It is very simple to start business in scrap. Depending on the type of waste, you need to get environmental permission, which will take approximately 10-15 days.
  2. If the waste is toxic, then no documentation of how you treat the waste, store the waste, and process the waste from the beginning to the end is added.
  3. A scrap license will be issued if the environmental agency understands how you are going to operate.
  4. It is important to properly record the site at which you will assemble and store.  
  5. You can start your business with a minimum investment of five lakhs.
  6. Your land should be approved according to the state board
  7. You need to get a recycler agreement.
  8. In case of import and exporting business you need to have IEC code.

Documentation required to start a scrap business

  1. KYC, PAN CARD
  2. Land approval
  3. MSME/MOA/GST
  4. Recycler Agreement
  5. Pollution Certificate (Compulsory from State government)
  6. SIMS Registration (72 chapter HMS & Stainless steel.

Conclusion:

To start up the scrap business you just need to fulfill few process according to the State Government guidelines, and basic documentation. Unlike waste, scrap, especially recovered metals, has monetary value, and non-metallic materials are also recovered for recycling’s it is going to be leading business opportunities.
 

BOOK A FREE CONSULTATION

Get help from an experienced legal adviser. Schedule your consultation at a time that works for you and it's absolutely FREE.

Author
Shamshad Alam
Experienced Digital Marketer with a demonstrated history of working in the internet industry. He likes to write about the latest technology trends, Skilled in Digital Marketing likes. Search Engine Optimization, SMO, SEM, PPC, Content Writing, and, Designing, etc.