Over an era the Scrap Metal Trade has provided viable business opportunities for a number of small and micro enterprises in Guyana. The Trade contributes to the accomplishment of some of the country’s socio-economic objectives as envisioned in the policy of the Government which includes employment creation and trade promotion. Notwithstanding these benefits, there are many issues that have been raised by stakeholders relating to procurement, pricing, and the marketing and distribution of scrap metal that continue to impasse the development of this Trade in Guyana. The development of this Scrap Metal new Legislation is, therefore, an attempt to introduce new regulatory measures to govern the Industry. Specifically, the Legislation seeks to provide the framework that will ensure greater compliance with trade requirements, registration and other issues to ensure maintainable development of this Trade.