Howdy dhandforth-ga,
HMS stands for "Heavy Melting Scrap" (also referenced to as "Heavy
Melting Steel") and there are separate grades of HMS. This article
dated 5/3/2005 and written by Leena Mathew as a special to Gulf News,
speaks to the separate grades.
http://www.gulf-news.com/Articles/SupplementsNF.asp?ArticleID=154766
"Scrap is classified into different grades, ranging from Heavy Melting
Scrap (HMS) ... HMS1 and 2 are defined as Obsolete Scrap, which is
generated when a steel product comes to the end of its life and is
recovered before being landfilled."
The grades/classifications are determined by the Institute of Scrap
Recycling Industries (ISRI) and you can download a PDF version of their
"SCRAP SPECIFICATIONS Circular 2005" here. Page 14 of this document
has the HMS specifications.
http://www.isri2.org/specifications/specifications.pdf
This eBigChina web page gives some details on HMS1 specifications.
http://www.ebigchina.com/ebcps/4/pd/1232046.html
"ISRI 200: No 1 heavy melting steel. Wrought iron and/or steel scrap
1/4 inch and over in thickness. Individual pieces not over 60 x 24
inches(charging box size) prepared in a manner to insure compact
charging.
ISRI 201: No 1 heavy melting steel 3 feet x 18 inches. Wrought iron and/or
steel scrap 1/4 inch and over in thickness. Individual pieces not over 36
inches x 18 inches (charging box size) prepared in a manner to insure compact
charging.
ISRI 202: No 1 heavy melting steel 5 feet x 18 inches. Wrought iron and/or
steel scrap 1/4 inch and over in thickness. Individual pieces not over 60
inches x 18 inches (charging box size) prepared in a manner to insure compact
charging."
Typical HMS1 appears to things such as railroad car wheels, but not always
railroad track or rails, which appear to be in a class of their own. Keep in
mind that a buyer might have other specifications than those above, such as
limiting the size to one foot in width, etc.
That leads us to the second part of your question. The "Recycle In Me" web
site has some advice. It is weighted to the buyer, but the advice seems to
apply both ways.
http://www.recycleinme.com/scrap_metal_price/scrap_metal_price.asp
"Are you getting right price for your scrap? Don't just see it as a heap of
waste, It can bring you fortunes.
Some essential checkpoints while you sell scrap.
Have an independent source of pricing information like metalprices.com which
have the current price information to verify that what you are receiving is
consistent rate with actual market conditions.
While you sell scrap ask the scrap dealer to include a copy of the indexed
price with his payment cheque.
Make sure the weights are correct. Beware of the dealer who says he'll give
you higher than market prices: he can't ? If he could give you a higher market
price then be careful in the weight and his classification of scrap. If a
delaer has 1ton of copper scrap in a lot of HMS scrap, then ofcourse he can
give you more than the market rate of HMS.
...
Preweigh materials and compare with the figures the dealer uses to calculate
payment. If weighing every load is too difficult, do it randomly and make sure
the dealer doesn't know which loads are being checked."
Here is what appears to be a "standard" procedure to follow, from the above
web page.
"...
1)Obtain Price
2)Issue LOI w/banking info and/or BCL
3)Receive FCO and/or numbered draft contract
4)Complete, sign & seal return with ICPO, acceptance
5)Final Contract issued, pop exchange
6)L/C advise comes down
7)2%PB guarantee issued by sellers bank
8)Both instruments become operable
9)Inspection
10)Load and visit
Terms of payment:
Irrevocable Confirmed Transferable Revolving Letter of Credit.
..."
The above referenced page has more information on it, so you will want to
read the whole page.
The following link might not work, but it contains a more detailed set of
instructions for such deals as yours.
http://www.post-trade-leads.com/37/Sell%20HMS%201%20(Isri%20200-202)%20HMS%201%20&%202%20(Isri%20200-206)%20&%20Used%20Rails%20(Isri%20R50-r65).php
Standard business practices should be applied, such as making sure you get
business and credit references, a Dunn & Bradstreet report if you can, etc.
HMS1 prices are fluid, but currently appear to be around $185 a metric ton.
Here are few web sites that might have some information you can use.
The Institute of Scrap Recycling Industries, Inc. (ISRI)
http://www.isri.org/
"With 21 chapters nationwide and headquarters in Washington, D.C.,
ISRI represents more than 1,200 companies that process, broker, and
consume
scrap commodities, including metals, paper, plastics, glass, rubber,
electronics, and textiles."
Steel Recycling Institute (SRI)
http://www.recycle-steel.org/
"The Steel Recycling Institute (SRI), a unit of the American Iron and
Steel Institute, is an industry association that promotes and sustains
the recycling of all steel products."
SteelVillage.com
http://www.steelvillage.com/
"SteelVillage is your gateway to World Steel."
I found the forums on the last site to be interesting.
http://www.steelvillage.com/steelforum/
If you need any clarification, please feel free to ask.
Search strategy:
Google search on: "HMS-1" OR HMS1
://www.google.com/search?q=%22HMS%2D1%22+OR+HMS1
Google search on: HMS specifications steel OR scrap
://www.google.com/search?q=HMS+specifications+steel+OR+scrap
Google search on: HMS1 prices
://www.google.com/search?q=HMS1+prices
Looking Forward, denco-ga - Google Answers Researcher |
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