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|                        Utah                    |               81 - 0674073          |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------|
| (State      or other jurisdiction of Incorporation or organization)                                                                                                                                                                | (I.R.S.  Employer      Identification No.)                                                                     |

| 175      East 400 South Suite 900, Salt Lake City, Utah |           84111     |               801-531-0404         |
|---------------------------------------------------------|-------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------|
|  (Address      of principal executive offices)     | (Zip      Code)                                             | (Registrant's      telephone number)                                                                               |

| (Copies      to:)                                                                                                                                        |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| Steve      Taylor, 175 East 400 South, Suite 900 Salt Lake City, Utah,      84111         801      578-3283 |

| Large      Accelerated Filer   (    )           | Accelerated      Filer      (   ) |
|------------------------------------------------------------------------------------|--------------------------------------------------|
| Non-Accelerated      Filer     (    ) | Smaller      Reporting Company ( x      )        |

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|                                      |                                                                                                                                                                                                                  | Page   |
|-------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| PART      I – FINANCIAL INFORMATION |
|                                      |                                                                                                                                                                                                                  |   |
| Item      1.                              | Financial      Statements                                                                                                                                                                                             |   |
|                                      |                                                                                                                                                                                                                  |   |
|                                      | Condensed      Balance Sheets – March 31, 2010 and June 30, 2009    (Unaudited)                                                                                                                                 | 3      |
|                                      |                                                                                                                                                                                                                  |   |
|                                      | Condensed      Statements of Operations for the Three and Nine Months Ended March 31,      2010 and 2009 and for the period from June 15, 2005 (Date of Inception)      Through March 31, 2010 (Unaudited)       | 4      |
|                                      |                                                                                                                                                                                                                  |   |
|                                      | Condensed      Statements of Cash Flows for the Nine Months Ended March 31, 2010 and      2009 and for the period from June 15, 2005 (Date of Inception)      Through March 31, 2010  (Unaudited) | 5      |
|             |                                                                                                                                                                                                                  |   |
|                                      | Notes      to Condensed Financial Statements (Unaudited)                                                                                                                                                              | 6      |
|                                      |                                                                                                                                                                                                                  |   |
| Item      2.                              | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations                                                                                                                 | 7      |
|                                      |                                                                                                                                                                                                                  |   |
| Item      3.                              | Quantitative      and Qualitative Disclosures about Market Risk                                                                                                                                                       | 8      |
|                                      |                                                                                                                                                                                                                  |   |
| Item      4T.                             | Controls      and Procedures                                                                                                                                                                                          | 8      |
|                                      |                                                                                                                                                                                                                  |   |
| PART      II – OTHER INFORMATION    |
|                                      |                                                                                                                                                                                                                  |   |
| Item      1.                              | Legal      Proceedings                                                                                                                                                                                                | 8      |
|                                      |                                                                                                                                                                                                                  |   |
| Item      1A.                             | Risk      Factors                                                                                                                                                                                                     | 9      |
|                                      |                                                                                                                                                                                                                  |   |
| Item      2.                              | Unregistered      Sales of Equity Securities and Use of Proceeds                                                                                                                                                      | 9      |
|                                      |                                                                                                                                                                                                                  |   |
| Item      3.                              | Default      Upon Senior Securities                                                                                                                                                                                   | 9      |
|                                      |                                                                                                                                                                                                                  |   |
| Item      5.                              | Other      Information                                                                                                                                                                                                | 9      |
|                                      |                                                                                                                                                                                                                  |   |
| Item      6.                              | Exhibits                                                                                                                                                                                                              | 9      |
|                                      |                                                                                                                                                                                                                  |   |
| Signatures                                |                                                                                                                                                                                                                  | 10     |

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| SCRAP      CHINA CORPORATION                                                         |           |     |          |   |
|--------------------------------------------------------------------------------------|----------------|----------|---------------|--------|
| (A      Development Stage Company)                                                   |           |     |          |   |
| CONDENSED      BALANCE SHEETS                                                        |           |     |          |   |
| (UNAUDITD)                                                                           |           |     |          |   |
|                                                                                 |           |     |          |   |
|                                                                                 | March      31, |     | June      30, |   |
|                                                                                 | 2010           |     | 2009          |   |
| ASSETS                                                                               |           |     |          |   |
| Current      Assets                                                                  |           |     |          |   |
| Cash                                                                                 | $              | 300      |          | $      | 327 |   |
| Total      Assets                                                                    | $              | 300      |          | $      | 327 |   |
|                                                                                 |           |     |          |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' DEFICIT                                           |           |     |          |   |   |   |
| Current      Liabilities                                                             |           |     |          |   |   |   |
| Accrued      liabilities                                                             | $              | 6,550    |          | $      | 10,850 |   |
| Payable      to related parties                                                      |           | 182,736  |          |   | 166,872 |   |
| Total      Current Liabilities                                                       |           | 189,286  |          |   | 177,722 |   |
| Stockholders'      Deficit                                                           |           |     |          |   |   |   |
| Common      shares - par value $0.001 per share; 250,000,000 shares      authorized; |           |     |          |   |   |   |
|          7,710,843 shares issued and outstanding, respectively        |           | 7,711    |          |   | 7,711 |   |
| Additional      paid-in capital                                                      |           | 2,289    |          |   | 2,289 |   |
| Deficit      accumulated during development stage                                    |           | (198,986 | )             |   | (187,395 | ) |
| Total      Stockholders' Deficit                                                     |           | (188,986 | )             |   | (177,395 | ) |
| Total      Liabilities and Stockholders' Deficit                                     | $              | 300      |          | $      | 327 |   |

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| SCRAP      CHINA CORPORATION            |   |
|-----------------------------------------|--------|
| (A      Development Stage Company)      |   |
| CONDENSED      STATEMENTS OF OPERATIONS |
| (UNAUDITED)                             |   |   |

|                                      |   |                            |      |   |                           |   |      |                        |   |   |      |   |   | For the period from |      |
|-------------------------------------------|--------|---------------------------------|-----------|--------|--------------------------------|--------|-----------|-----------------------------|--------|--------|-----------|--------|--------|---------------------|-----------|
|                                      |   | For      the Three Months Ended |      |   | For      the Nine Months Ended |   |      | June      15, 2005 (date of |   |
|                                      |   | March      31,                  |      |   | March      31,                 |   |      | inception) through          |   |
|                                      |   | 2010                            |      |   | 2009                           |   |      | 2010                        |   |   | 2009      |   |   | March      31, 2010 |      |
| Sales                                     |   | $                               | -         |   |                           | $      | -         |                        |   | $      | -         |   |   | $                   | -         |   |   |   |   |
| Operating      Expenses                   |   |                            |      |   |                           |   |      |                        |   |   |      |   |   |                |      |   |   |   |   |
| Selling,      general and                 |   |                            |      |   |                           |   |      |                        |   |   |      |   |   |                |      |   |   |   |   |
| adminstrative      expenses               |   |                            | 3,199     |   |                           |   | 2,759     |                        |   |   | 11,591    |   |   |                | 10,914    |   |   |   | 198,986 |   |
| Total      Operating Expenses             |   |                            | 3,199     |   |                           |   | 2,759     |                        |   |   | 11,591    |   |   |                | 10,914    |   |   |   | 198,986 |   |
| Net      Loss                             |   | $                               | (3,199    | )      |                           | $      | (2,759    | )                           |   | $      | (11,591   | )      |   | $                   | (10,914   | ) |   |   | (198,986 | )  |
|                                      |   |                            |      |   |                           |   |      |                        |   |   |      |   |   |                |      |   |   |   |   |   |
| Basic      and Diluted Net Loss per Share |   | $                               | -         |   |                           | $      | -         |                        |   | $      | -         |   |   | $                   | -         |   |   |   |   |   |
| Weighted-Average      Common              |   |                            |      |   |                           |   |      |                        |   |   |      |   |   |                |      |   |   |   |   |   |
| Shares      Outstanding                   |   |                            | 7,710,843 |   |                           |   | 7,710,843 |                        |   |   | 7,710,843 |   |   |                | 7,710,843 |   |   |   |   |   |

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| SCRAP      CHINA CORPORATION                                  |                           |    |   |                        |   |    |                     |   |
|---------------------------------------------------------------|--------------------------------|---------|--------|-----------------------------|--------|---------|--------------------------|--------|
| (A      Development Stage Company)                            |                           |    |   |                        |   |    |                     |   |
| CONDENSED      STATEMENTS OF CASH FLOWS                       |                           |    |   |                        |   |    |                     |
| (UNAUDITED)                                                   |                           |    |   |                        |   |    |                     |   |
|                                                          |                           |    |   |                        |   |    |                     |   |
|                                                          |                           |    |   |                        |   |    | For      the period from |   |
|                                                          | For      the Nine Months Ended |    |   | June      15, 2005 (date of |   |
|                                                          | March 31,                 |    |   | inception)      through     |   |
|                                                          | 2010                           |    |   | 2009                        |   |    | March      31, 2010      |   |
| Cash      Flows from Operating Activities:                    |                           |    |   |                        |   |    |                     |   |
| Net      loss                                                 | $                              | (11,591 | )      |                        | $      | (10,914 | )                        |   | $ | (198,986 | ) |
| Changes      in assets and liabilities:                       |                           |    |   |                        |   |    |                     |   |   |   |   |
|           Accrued liabilities             |                           | (4,300  | )      |                        |   | (2,260  | )                        |   |   | 6,550 |   |
|          Net Cash Used in Operating Activities |                           | (15,891 | )      |                        |   | (13,174 | )                        |   |   | (192,436 | ) |
|                                                          |                           |    |   |                        |   |    |                     |   |   |   |   |
| Cash      Flows From Investing Activities:                    |                           | -       |   |                        |   | -       |                     |   |   | - |   |
|                                                          |                           |    |   |                        |   |    |                     |   |   |   |   |
| Cash      Flows From Financing Activities:                    |                           |    |   |                        |   |    |                     |   |   |   |   |
| Increase      in payable to related parties                   |                           | 15,864  |   |                        |   | 13,147  |                     |   |   | 182,736 |   |
| Proceeds      from sale of common stock                       |                           | -       |   |                        |   | -       |                     |   |   | 10,000 |   |
|          Net Cash From Financing Activities    |                           | 15,864  |   |                        |   | 13,147  |                     |   |   | 192,736 |   |
|                                                          |                           |    |   |                        |   |    |                     |   |   |   |   |
| Net      Change in Cash                                       |                           | (27     | )      |                        |   | (27     | )                        |   |   | 300 |   |
| Cash      at Beginning of Period                              |                           | 327     |   |                        |   | 363     |                     |   |   | - |   |
| Cash      at End of Period                                    | $                              | 300     |   |                        | $      | 336     |                     |   | $ | 300 |   |

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|   | 1. | General      Administration for Quality Supervision, Inspection and      Quarantine  – AQSIQ |
|--------|----|--------------------------------------------------------------------------------------------------------------|

|   | 2. | Compulsory      Certificate – CCC |
|--------|----|-----------------------------------------|

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| ITEM      1. | LEGAL      PROCEEDINGS |
|--------------|------------------------|

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| ITEM      2. | UNREGISTERED      SALES OF EQUITY SECURITIES AND USE OFPROCEEDS |
|--------------|-----------------------------------------------------------------|

|   | None |
|--------|------|

|   | Reports      on Form 8-K |
|--------|--------------------------|

|   | None |
|--------|------|

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|             | Scrap      China Corporation                                                       |
|------------------|------------------------------------------------------------------------------------|
|             |                                                                               |
|             |                                                                               |
|             |                                                                               |
|             |                                                                               |
| May      6, 2010 | /s/ Paul      Roszel                                                               |
|             | Paul      Roszel, President and Chairman of the Board      of  Directors |
|             |                                                                               |
|             |                                                                               |
|             |                                                                               |
| May      6, 2010 | /s/ Richard      Ivanovick                                                         |
|             | Richard      Ivanovick, C.A., Chief Financial and Accounting      Officer     |
|             |                                                                               |

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