Import Magnetic Scrap — Buy in wholesale FOB from Supplier in India
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Bytes Fintech supplies magnetic scrap, a category of ferrous metal waste that includes steel turnings, shavings, and machine shop byproducts, all of which are attracted by magnets. The material is sourced from industrial manufacturing and machining operations, with grades such as HMS 1, HMS 2, and high-speed steel (HSS) scrap, including M2, M1, M7, M42, T-15, and D2 tool steel varieties. These grades are sorted to remove nonferrous metals, excessive oil, and scale before export.
The scrap is primarily used for re-melting in steel mills and foundries, where it serves as a cost-effective raw material for producing new steel products. Clean steel turnings, for example, are free of iron borings, nonferrous contaminants, and excessive oil, making them suitable for quality recycling. HSS scrap, derived from drill bits and inserts, contains alloying elements like chrome and vanadium, which enhance its value in specialty steel production.
Importers of magnetic scrap from India often target markets in Southeast Asia, the Middle East, and Africa, where demand for recycled ferrous materials remains high. Buyers typically seek consistent supply, verified composition, and compliance with international standards for scrap metal. Bytes Fintech’s offerings cater to these needs, providing a reliable source of ferrous scrap for industrial applications.
| Material Type | Ferrous Scrap (Steel/Iron) |
| Common Grades | HMS 1, HMS 2, HSS M2, M1, M7, M42, T-15, D2 tool steel |
| Contaminant Limits | Free of nonferrous metals in free state, excessive oil, and scale |
| Typical Source | Machine shop turnings, shavings, drill bits, inserts |
| Typical Composition | Standard carbon steel with alloying elements for HSS grades (e.g., chrome, vanadium) |
| Typical Moisture Content | Standard <1% for dry scrap, <3% for wet scrap |
| Typical Density | Standard 2.5-3.0 tons per cubic meter (loose) |
| Typical Packaging | Standard bulk or compressed bales, 1-1.5 metric tons per bale |
| Typical Standards | ISRI 200 (Iron and Steel Scrap), ISO 9001 for processing |
| Typical Applications | Re-melting in steel mills, foundries, and metal recycling |
Bytes Fintech is based in Plot No. 298, Khasara No. 25/6, Kakrola Housing Complex, South West Delhi, India, positioning itself as a supplier of ferrous scrap to international buyers. The company’s harbor trust tier indicates it has met baseline verification standards, though its response rate and average response time are currently unrecorded, which may require buyers to initiate contact directly.
The supplier specializes in magnetic scrap, including steel turnings and high-speed steel (HSS) grades, which are critical for metal recycling industries. Its focus on clean, sorted scrap aligns with the needs of importers seeking reliable, quality ferrous materials for re-melting. The Delhi location provides logistical advantages for exporting to global markets, particularly in Asia and the Middle East.
Magnetic scrap refers to ferrous metal waste and scrap attracted by magnets, including steel turnings, shavings, and machine shop byproducts. Common grades include HMS 1 and HMS 2, with turnings typically sorted to remove nonferrous metals, excessive oil, and scale before export. Widely traded for re-melting in steel mills and foundries, magnetic scrap is a key commodity in global metal recycling markets, particularly sourced from industrial manufacturing and machining operations.
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Sourcing Magnetic Scrap from Bytes Fintech - India Import Guide
Before ordering magnetic scrap from Bytes Fintech, verify the supplier’s ability to provide a pre-shipment inspection report confirming the grade, composition, and absence of contaminants. Request samples of the scrap to test its suitability for your re-melting processes, particularly if you require specific alloying elements or low impurity levels. Ensure the material complies with your target market’s import regulations, such as those set by the European Union or Middle Eastern countries.
Confirm logistics details, including whether the scrap is shipped in bulk or as compressed bales, and the weight per bale. Clarify the Incoterms offered, such as FOB Nhava Sheva or CIF to your destination port, and the estimated lead time for loading and shipping. Payment terms for scrap transactions often involve TT (Telegraphic Transfer) or LC (Letter of Credit), so agree on these in advance to avoid delays.
Quality checks should include visual inspection for nonferrous contaminants, moisture testing, and density measurements to ensure the scrap meets your specifications. Request documentation such as the commercial invoice, packing list, bill of lading, and a certificate of origin, which may be required for customs clearance. The HS code for magnetic scrap is typically 7204 (Ferrous waste and scrap), so ensure all paperwork reflects this to prevent classification issues.
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18 listingsTop Verified Suppliers for Magnetic Scrap
30 suppliersBuy Magnetic Scrap in Bulk — Verified Supplier in India
When sourcing Magnetic Scrap for your business, securing the right balance of quality and cost is essential. Bytes Fintech, a verified supplier based in India, offers this product with key specifications including Machine Shop Turnings - Clean Steel / Wrought Iron, Fe content min. 98%; Free of nonferrous metals, iron borings, scale, excessive oil, and Turnings typically 5-50mm length; Coils or loose form. By purchasing directly from the manufacturer or authorized exporter, buyers can negotiate favorable FOB prices starting at $620/Bags and manage bulk orders with a minimum order quantity (MOQ) of 1 Bags. This product is actively traded under HS Code 7204.41, making it a staple in the Metal Scraps sector with strong demand from importing countries worldwide.
Magnetic Scrap Specifications, Trade Terms & Pricing
Importing Magnetic Scrap requires careful attention to shipping logistics, customs compliance, and secure payment terms. Bytes Fintech offers flexible shipping options such as Full Container Load (FCL) or Less than Container Load (LCL) via sea freight. To ensure a smooth transaction, buyers should verify import duties for HS Code 7204.41 in their destination country. Common payment methods for international B2B transactions include Letter of Credit (L/C), Telegraphic Transfer (T/T), and Documents against Payment (D/P). All transactions and RFQs are facilitated through EximNext, a leading B2B marketplace designed to make cross-border trade secure and efficient.
About Bytes Fintech — Supplier in India
Finding trustworthy partners is the foundation of successful importing. The supplier of this Magnetic Scrap has been verified on our platform. Whether you are a distributor, wholesaler, or procurement manager, you can request a free quotation, ask for product samples, and finalize your bulk purchase with confidence. EximNext hosts thousands of verified manufacturers and exporters across 200+ countries. Explore similar products in the Metal Scraps category and connect with top-tier exporters on our comprehensive global B2B marketplace. Start your sourcing journey today.
Import Magnetic Scrap — Shipping, Logistics & Customs
Importing Magnetic Scrap requires careful attention to shipping logistics, customs compliance, and secure payment terms. Common shipping options include Full Container Load (FCL) or Less than Container Load (LCL) via sea freight. Buyers should verify import duties for HS Code 7204.41 in their destination country. Common payment methods include Letter of Credit (L/C), Telegraphic Transfer (T/T), and Documents against Payment (D/P).
Frequently Asked Questions About Magnetic Scrap
What is the wholesale price of Magnetic Scrap?
The current listed wholesale price for Magnetic Scrap from Bytes Fintech is $620/Bags on FOB terms from India. Prices may vary depending on order volume, packaging, and destination. For the most accurate bulk quote, send a direct RFQ to Bytes Fintech through EximNext.
What is the Minimum Order Quantity (MOQ) for Magnetic Scrap?
The supplier, Bytes Fintech, has set a Minimum Order Quantity (MOQ) of 1 Bags for Magnetic Scrap. For sample requests or smaller trial orders, contact the supplier directly through our platform's inquiry system.
What is the HS Code for Magnetic Scrap?
For international shipping and customs clearance, Magnetic Scrap is classified under HS Code 7204.41. Buyers should verify their local customs regulations to determine applicable import duties and taxes for this classification.
How can I import Magnetic Scrap from India?
To import Magnetic Scrap from India, negotiate shipping terms (FOB, CIF, or EXW) directly with Bytes Fintech. Ensure you have the necessary import licenses for Metal Scraps products in your destination country.
Is Bytes Fintech a verified supplier?
Yes, Bytes Fintech is a verified supplier on EximNext. You can view their complete company profile, business registration details, certifications, and export history before placing a bulk order.
What are the key specifications of Magnetic Scrap?
The key specifications for Magnetic Scrap supplied by Bytes Fintech include Machine Shop Turnings - Clean Steel / Wrought Iron, Fe content min. 98%; Free of nonferrous metals, iron borings, scale, excessive oil, and Turnings typically 5-50mm length; Coils or loose form. For a complete technical data sheet or Certificate of Analysis (COA), send an inquiry directly to the supplier through EximNext.
What packaging options are available for bulk orders of Magnetic Scrap?
Bytes Fintech offers Magnetic Scrap with standard export packaging. Custom packaging, private labeling, and OEM/ODM options may also be available for large wholesale orders.
Which countries import Magnetic Scrap the most?
Magnetic Scrap is actively imported by buyers worldwide. Request a destination-specific CIF or CFR quote from Bytes Fintech through our platform.
What certifications does this Magnetic Scrap supplier hold?
Bytes Fintech maintains international quality certifications. These ensure that the Magnetic Scrap meets international quality, safety, and regulatory standards required for cross-border trade.
How do I place a bulk order for Magnetic Scrap on EximNext?
Click "Request Quotation" on this product page, specify your required quantity, preferred shipping terms, and destination country. Bytes Fintech will respond with a detailed wholesale quote including FOB pricing, lead time, and payment options.
What payment methods are accepted?
Common payment methods include Letter of Credit (L/C), Telegraphic Transfer (T/T), Documents against Payment (D/P), and Escrow services. Confirm accepted terms directly with Bytes Fintech.
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