Heavy melting steel (HMS) or heavy melting scrap, is a designation for recyclable steel and wrought iron. It is broken up into two major categories: HMS 1 and HMS 2. The difference between the two is HMS 1 does not contain galvanized and blackened steel, whereas HMS 2 does.
Get in touch for pricing, be sure to include Spot or Contract and umber of months, also include target pricing.
Used Rail R50/65
Procedure :
- Buyer sends LOI
-Seller answers with FCO.
-Buyer receives FCO and sends LC draft from his bank to the buyer's bank.
-Seller prepares contract and issues Invoice(s) with company ID code .
- Buyer sends a non-activated LC in anticipation to receiving the proof of product( POP) and the performance bond (PB) 20% in favor of the buyer .
-Seller sends through his bank to the seller bank the PB operative only after LC is activated , together with the POP to the buyer's bank including :
a-certificate of ownership
b-certificate of origin
c-Quality and Quantity report from SGS .
d-photos and video for the needed steel .
e- formal invitation to the buyer's representative to visit the warehouses to view the needed steel .
f-Buyer bank activates the LC.
HMS1&2 --scrap consists of mill scrap, industrial, auto and truck frames and bodies, railroad scrap, ship scrap, construction scrap and misc commercial scrap.
Bulk, loose minimum order 30, 000mt monthly x 12, or by spot.
We confirm with full Corporate authority that it is out intention to sell the commodity HMS1 & 2 as per the terms and condition given below :-
1. Commodity : HMS 1 AND 2
2. Specification : ) HMS 1 AND 2 steel shall be considered free of alloys when the residual alloying elements do not exceed the following percentages: percent
We can offer you the following:
Subject : HMS 1&2 / 80-20 / Loading Port - Sellers Choice
Quantity : 12 x 30,000 MT or spot
Delivery : Prompt, Commodity Immediately Available
Documents: AQSIQ available if necessary
Price: USD$285.00 per MT (Origin: North America); USD$245.00 per MT (Origin: Europe).
Validation : PRICES ARE VALID BEFORE SEPTEMBER 20, 2007.
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