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

| 4804 Skycrest Park Cove, Salt Lake City, Utah                        | 84108      | 801-531-0404                              |
|----------------------------------------------------------------------|------------|-------------------------------------------|
| -------------------------------------------------------------------- | ---------  |  ----------------------------------- |
| (Address of principal executive offices)                             | (Zip Code) | (Registrant's telephone number)           |

| (Copies to:)                                                                                                                                                       |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Steve Taylor, 4804 Skycrest Park Cove, Salt Lake City, Utah, 84108              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 – September 30, 2010 and June 30, 2010 (Unaudited)                                                                                                                     | 3                                                                                           |
|                                                                                                                                                                                                  |                                                                                        |   |
| Condensed Statements of Operations for the Three Months Ended September 30, 2010 and 2009 and for the period from June 15, 2005 (Date of Inception) Through  September 30, 2010 (Unaudited) | 4                                                                                           |
|                                                                                                                                                                                                  |                                                                                        |   |
| Condensed Statements of Cash Flows for the Three Months Ended September 30, 2010 and 2009 and for the period from June 15, 2005 (Date of Inception) Through September 30, 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                                                                                | 8      |
|                                                                                                                                                                                                  |                                                                                        |   |
| Item 2.                                                                                                                                                                                               | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 9      |
|                                                                                                                                                                                                  |                                                                                        |   |
| Item 3.                                                                                                                                                                                               | Default Upon Senior Securities                                                              | 9      |
|                                                                                                                                                                                                  |                                                                                        |   |
| Item 4.                                                                                                                                                                                               | Submission of Matters to a Vote of Security Holders                                         | 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                                                                                                         |   |          |     |   |     |   |
| (Unaudited)                                                                                                                      |   |          |     |   |     |   |
|                                                                                                                             |   |          |     |   |     |   |
|                                                                                                                             |   | September 30, |     |   | June 30, |   |
|                                                                                                                             |   | 2010          |     |   | 2010     |   |
| ASSETS                                                                                                                           |   |          |     |   |     |   |
| Current Assets                                                                                                                   |   |          |     |   |     |   |
| Cash                                                                                                                             |   | $             | 282      |   |     | $      | 291 |   |
| Total Assets                                                                                                                     |   | $             | 282      |   |     | $      | 291 |   |
|                                                                                                                             |   |          |     |   |     |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                            |   |          |     |   |     |   |   |   |
| Current Liabilities                                                                                                              |   |          |     |   |     |   |   |   |
| Accrued liabilities                                                                                                              |   | $             | 12,555   |   |     | $      | 9,750 |   |
| Payable to related parties                                                                                                       |   |          | 186,506  |   |     |   | 185,976 |   |
| Total Current Liabilities                                                                                                        |   |          | 199,061  |   |     |   | 195,726 |   |
| 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                                                                                     |   |          | (208,779 | )      |     |   | (205,435 | ) |
| Total Stockholders' Deficit                                                                                                      |   |          | (198,779 | )      |     |   | (195,435 | ) |
| Total Liabilities and Stockholders' Deficit                                                                                      |   | $             | 282      |   |     | $      | 291 |   |

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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 |      |   | June 15, 2005 (date of |   |
|                                        |   | September 30,              |      |   | inception) through     |   |
|                                        |   | 2010                       |      |   | 2009                   |   |      | Sepember 30, 2010   |   |
| Sales                                       |   | $                          | -         |   |                   | $      | -         |                |   | $ | - |   |
| Operating Expenses                          |   |                       |      |   |                   |   |      |                |   |   |   |   |
| Selling, general and adminstrative expenses |   |                       | 3,344     |   |                   |   | 6,331     |                |   |   | 208,779 |   |
| Total Operating Expenses                    |   |                       | 3,344     |   |                   |   | 6,331     |                |   |   | 208,779 |   |
| Net Loss                                    |   | $                          | (3,344    | )      |                   | $      | (6,331    | )                   |   | $ | (208,779 | ) |
|                                        |   |                       |      |   |                   |   |      |                |   |   |   |   |
| Basic and Diluted Net Loss per Share        |   | $                          | -         |   |                   | $      | -         |                |   |   |   |   |
|                                        |   |                       |      |   |                   |   |      |                |   |   |   |   |
| Weighted-Average Common Shares Outstanding  |   |                       | 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 Three Months Ended |   |   | June 15, 2005 (date of |   |
|                                  |   | September 30,              |   |   | inception) through     |   |
|                                  |   | 2010                       |   |   | 2009                   |   |   | September 30, 2010  |   |
| Cash Flows From Operating Activities: |   |                       |   |   |                   |   |   |                |   |
| Net loss                              |   | $                          | (3,344 | )      |                   | $      | (6,331 | )                   |   | $ | (208,779 | ) |
| Changes in assets and liabilities:    |   |                       |   |   |                   |   |   |                |   |   |   |   |
| Accrued liabilities                   |   |                       | 2,805  |   |                   |   | 2,720  |                |   |   | 12,555 |   |
| Net Cash From Operating Activities    |   |                       | (539   | )      |                   |   | (3,611 | )                   |   |   | (196,224 | ) |
|                                  |   |                       |   |   |                   |   |   |                |   |   |   |   |
| Cash Flows From Investing Activities: |   |                       | -      |   |                   |   | -      |                |   |   | - |   |
|                                  |   |                       |   |   |                   |   |   |                |   |   |   |   |
| Cash Flows From Financing Activities: |   |                       |   |   |                   |   |   |                |   |   |   |   |
| Payable to related parties            |   |                       | 530    |   |                   |   | 3,602  |                |   |   | 186,506 |   |
| Proceeds from sale of common stock    |   |                       | -      |   |                   |   | -      |                |   |   | 10,000 |   |
| Net Cash From Financing Activities    |   |                       | 530    |   |                   |   | 3,602  |                |   |   | 196,506 |   |
|                                  |   |                       |   |   |                   |   |   |                |   |   |   |   |
| Net Change in Cash                    |   |                       | (9     | )      |                   |   | (9     | )                   |   |   | 282 |   |
| Cash at Beginning of Period           |   |                       | 291    |   |                   |   | 327    |                |   |   | - |   |
| Cash at End of Period                 |   | $                          | 282    |   |                   | $      | 318    |                |   | $ | 282 |   |

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

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

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

| Filed August 18, 2010 |
|-----------------------|

| Scrap China Corporation                                                                          |   |   | Mailing Address:     |
|--------------------------------------------------------------------------------------------------|--------|--------|----------------------|
| 4804 Skycrest Park Cove                                                                          | or     |   | P.O. Box 58228       |
| Salt Lake City, Utah                                                                             |   |   | Salt Lake City, Utah |
| USA 84108                                                                                        |   |   | USA, 84158           |
| Telephone:  801 531 0404                                                               |   |   |                 |
| Fax:               801 531 0707 |   |   |                 |
| Website:   www.scrapchina.com                                                     |   |   |                 |
| Email:        info@scrapchina.com                             |   |   |                 |

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|              |   Scrap China Corporation                             |
|-------------------|-----------------------------------------------------------------|
|              |                                                            |
|              |                                                            |
|              |                                                            |
|              |                                                            |
| November 12, 2010 | /s/ Paul Roszel                                                 |
|              | Paul Roszel, President and Chairman of the Board of Directors   |
|              |                                                            |
|              |                                                            |
|              |                                                            |
|              |                                                            |
| November 12, 2010 | /s/ Richard Ivanovick                                           |
|              | Richard Ivanovick, C.A., Chief Financial and Accounting Officer |

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