Frequently Asked Questions
Q: How long have you been in business?
A: This October we start our 24th year in the scrap metal industry.
Q: Do you pay in advance?
A: Sometimes. Each order and customer is unique. We do our best to meet your accounting-requirements.
Q: Do you issue Letters of Credit?
A: Yes. It depends on the customer, order size, location, frequency, and cost-structure (see the process below).
- Minimum 500 MT order to open an LC.
- Sometimes we open the LC directly to the Supplier.
- In most cases the LC is open to our company. We provide a Consignment of Proceeds to the Supplier. Meaning once we exercise the LC and receive funds, automatically, out of our control, a specified dollar amount is wired directly to the Supplier. We provide you all LC details in advance for verification.
Q: What bank do you use for the Letters of Credit?
A: We exercise our LCs with Bank of America Trade Operations in Los Angeles.
Q: How often do you update prices?
A: Daily, weekly, and monthly. Global markets constantly change – we monitor them daily.
Q: How long does it take to set up an order?
A: We work fast. But it depends on location, loading schedules, sailing schedules, truck availability, and terms.
Q: When do we get paid for the scrap iron?
A: In most cases we pay the next business day (see the process below).
- After loading send us both scale tickets, photos, packing list, and an invoice. Then we wire transfer funds.
Q: Are you affiliated with any government?
A: No. We are a privately held US corporation.
Q: Do you buy nonferrous metals or eScrap?
A: We can if you need us to. Let’s discuss that over the phone.
Q: Do you visit your customers?
A: Yes. We meet and verify every supplier and contractor, no matter where they are located.
Please call 1+305-780-4942 (WhatsApp = OK) to learn more.