Latest Offer of Used Rail
I was given a couple of offers by some associates out there.
Currently from the Port of Odessa, Used Rails R50/65
SPOT deals, minimum 30,000mtn up to 500,000 mtn, shipment is in bulk.
Price is USD230 (base price), my commission not included. PB is 5%, but seller will put it on the base selling price, maximum commission you can work out to USD5.
For commission, I have the associate and me on shared deal at USD1, so the rest you guys got to add up yourselves.
Need LOI and BCL to trigger the transaction. Frankly at this price, it will really be first come first served basis.
Needs Transferable LC.
Also Containerised Scrap of HMS 1 and 2, 80/20.
Shipping port, from Greece to New Zealand.
Minimum: 5,000mtn, CIF ASWP.
Base Price without our commissions: USD 242 Ptmtn, as usual, factor in USD1 for my associate and I.
This offer is posted on 21st Feb 05

Scrap Metal Situation
Mood:  suave

Many dealers have talked about selling scraps, most say they can provide 2 -5 sellers, ask them how many have actually seen their sellers?
That is the reality about the scrap metal trade at the moment.
I heard about a story about one particular Indian buyer who went for site visit, came back smiling and then what happened? The stocks did not arrive.
Reason? Someone paid a better price for the stock.
It pained to see cases like this, the seller might have made the decision based on higher selling price, prompting them to forfeit their Performance Bond.
But what about the buyer? Don't they want to know know what happen to the poor fellows?
Scrap is such a dirty word, with unscrupulous folks selling greedy folks broking and hapless folks buying.