Ferrous & Non-Ferrous Scrap
Scrap metal is classified as either ferrous or non-ferrous scrap. While ferrous metals contain some degree of iron (its name derived from the Latin term meaning iron), non-ferrous metal does not contain iron as a component.
This scrap is processed by the scrap recycling industry into commodity grade material that accounts for more than 60% of the total amount of raw steel produced in the United States. Such processing typically takes place at electric arc furnaces. As well, the U.S. exports ferrous scrap to approximately 90 countries around the world.
Ferrous Scraps
Heavy melting steel (HMS) or heavy melting scrap is broken up into two major categories: HMS 1 and HMS 2, where HMS 1 does not contain galvanized and blackened steel, whereas HMS 2 does. HMS is typically traded as a blend of 1 and 2, either a premium blend (80/20) or lower grade mixes (70/30) and (60/40). For example, HMS 1 and 2 (80/20) should consist of HMS 1 and 2 in the ratio of 80% (HMS 1) and 20% (HMS 2).
Each grade guarantees a minimum piece thickness: at least 1/4 inch (6.3 mm) for HMS 1, and 1/8 in for HMS 2
Non Ferrous Scraps
Non Ferrous Scrap trading has been our forte over all these years. Non-ferrous scrap trading is always a consistent business for us. As non-ferrous scrap is a raw material for a factory, the trade is always on, even in the volatile currency and commodity market all of us live in. Our team is fully geared and well versed in negotiating details, preparing contracts, establishing or receiving LCs, discounting them etc.
We make sure that we purchase our goods only from recognized sources; or from areas in where we have our physical presence during loading of the cargo. Our success in non-ferrous scrap is due to the principled approach on quality control of the cargo that we trade in. Owing to this we always have satisfied buyers.
We have flexible payment terms on our purchases. We have excellent relationships with our suppliers and work closely with them to understand and market their products to the right customer at the right price. We can confidently say that most of our suppliers and customers are satisfied as most of the business we do is repeat business.