Results 1 to 13 of 13

Buying bulk scrap from overseas

| Scrap Metal Tips and Advice
  1. #1
    Rick2493 started this thread.
    Rick2493's Avatar
    SMF Badges of Honor

    Member since
    Apr 2015
    Location
    Dayton,Ohio
    Posts
    10
    Thanks
    6
    Thanked 6 Times in 4 Posts

    Buying bulk scrap from overseas

    Hello everyone,
    I have been searching and digging but keep running into a wall.
    I am aware of govdeals,computer stores,Craigslist,etc. what about these sites that appear to be some sort of recycling exchanges such as recyclers world,scrapmonster,scrap register ,and alibaba? Supposedly you can buy this stuff by the ton. Are these places legit?especially the overseas ones? I've seen seller posts for $150-250 A ton for whole computers free of monitors and keyboards!!


  2. The Following User Says Thank You to Rick2493 for This Post:



  3. #2
    ScrapStrong's Avatar
    SMF Badges of Honor

    Member since
    May 2014
    Posts
    21
    Thanks
    18
    Thanked 20 Times in 9 Posts
    I've always wondered about this as well...

  4. #3
    sledge's Avatar
    SMF Badges of Honor


    Member since
    Nov 2012
    Location
    Central Indiana
    Posts
    2,717
    Thanks
    4,534
    Thanked 4,240 Times in 1,609 Posts
    From personal experience.. recently I may add. Be very skeptical and do your due diligence.
    Ask them these 2 questions and if they refuse or do not reply- scratch them from your list as they are a scam:
    1. May I purchase a Sample?
    2. May we do the deal through ESCROW?

    If "No" on Either question. WALK! No.. RUN!
    I'm so into scrapping.. When my Steel Toe Boots Wear out, I cut the Steel out of them and recycle the Toe!

  5. The Following 12 Users say Thank You for This Post by sledge:


  6. #4
    PartTimeScrapper's Avatar
    SMF Badges of Honor



    Member since
    Aug 2011
    Location
    Morrison, Colorado
    Posts
    3,400
    Thanks
    1,004
    Thanked 3,256 Times in 1,335 Posts
    Quote Originally Posted by sledge View Post
    From personal experience.. recently I may add. Be very skeptical and do your due diligence.
    Ask them these 2 questions and if they refuse or do not reply- scratch them from your list as they are a scam:
    1. May I purchase a Sample?
    2. May we do the deal through ESCROW?

    If "No" on Either question. WALK! No.. RUN!

    couldnt agree more. ESCROW or NO GO!!!!

  7. The Following User Says Thank You to PartTimeScrapper for This Post:


  8. #5
    ElectricLiquidators's Avatar
    SMF Badges of Honor


    Member since
    Oct 2014
    Location
    Indianapolis
    Posts
    68
    Thanks
    67
    Thanked 151 Times in 39 Posts
    I have a friend who does this and it seems like her is 75/25 in actually getting it to go through. I think he has done about 10 transactions, with 2 companies never sending anything and the rest following through. Escrow would be the way to go.

  9. The Following User Says Thank You to ElectricLiquidators for This Post:


  10. #6
    Rick2493 started this thread.
    Rick2493's Avatar
    SMF Badges of Honor

    Member since
    Apr 2015
    Location
    Dayton,Ohio
    Posts
    10
    Thanks
    6
    Thanked 6 Times in 4 Posts
    Thanks everyone for the replies,that's good advice sledge.the prices look great and looks like a mix of some pre 1995 towers in there as well on some of there pics. I've made contact with a couple of American sellers checked they're websites they all seeed legit but couldn't sell to me because I am not r2 or estewards certified.

  11. #7
    Rick2493 started this thread.
    Rick2493's Avatar
    SMF Badges of Honor

    Member since
    Apr 2015
    Location
    Dayton,Ohio
    Posts
    10
    Thanks
    6
    Thanked 6 Times in 4 Posts
    Does anyone have or know of anyone that has had experience with those recycling exchanges that I listed in particular?

  12. #8
    sledge's Avatar
    SMF Badges of Honor


    Member since
    Nov 2012
    Location
    Central Indiana
    Posts
    2,717
    Thanks
    4,534
    Thanked 4,240 Times in 1,609 Posts
    Alibaba is a minefield of fraud. Look for a GOLD member with a long history on the site.. Don't take the "GOLD" certification as the only significant factor though.. Approach them with caution. It is sad but this is the best and safest way.

    If you mention the term Escrow- you will see 99% of them "lose your number" If you an get in touch with the 1% go for it.. Just remember that you cover ALL your bases. Landing something from overseas is not as easy as order and poof.. at your door. You will need to clarify if their price is to your dock.. a lot of places will quote you a price.. but that is to PORT.. You are responsible for getting it from "Any Safe Port" to your dock. And that costs money to do. Also- do they have all their customs paperwork in order. Last thing you want is to know your load is here.. but customs has it.. and won't release it because of bad paperwork.

    This is a complex monster.. Do some research on import/export. If you do find a good company.. you are only about 5% there.. the rest of the way can be treacherous! So do some digging and googling to see what you are in for.

  13. The Following 10 Users say Thank You for This Post by sledge:


  14. #9
    Rick2493 started this thread.
    Rick2493's Avatar
    SMF Badges of Honor

    Member since
    Apr 2015
    Location
    Dayton,Ohio
    Posts
    10
    Thanks
    6
    Thanked 6 Times in 4 Posts
    Thanks sledge I was doin some more digging and your exactly right,I guess if it was easy everyone would be doing it.advice much appreciated.

  15. The Following User Says Thank You to Rick2493 for This Post:


  16. #10
    jimc123's Avatar
    SMF Badges of Honor

    Member since
    May 2015
    Location
    Woodstock Georgia
    Posts
    6
    Thanks
    1
    Thanked 3 Times in 3 Posts
    There are a few things that you can do to protect yourself when doing international deals. There are a few countries that don't have an international bank and you won't be able to do the following type of transaction. First please check the import / export law regarding the material you are interested in buying because depending on what it is it could end up a customs nightmare. The transaction is called an "International Letter of Credit" and are issued by international banks. Nobody gets a thing until delivery is verified at a port you trust i.e. the U.S.A. You can stipulate anything you want (within reason) in the international letter of credit and scamsters won't participate in an international letter of credit because delivery of the goods and inspection are required to complete the transaction and release the funds to the seller. No verification, no money! You should do your research before attempting this transaction but the protection is way worth it because there are boatloads of international scammers out there. Be careful and good luck.

  17. The Following User Says Thank You to jimc123 for This Post:


  18. #11
    DakotaRog's Avatar
    SMF Badges of Honor



    Member since
    Aug 2014
    Posts
    1,611
    Thanks
    602
    Thanked 1,675 Times in 830 Posts
    Sounds like way too much hassle. Between sketchy foreigners and the U.S. government, gives me a headache just thinking about it. Good luck...

  19. The Following 2 Users say Thank You for This Post by DakotaRog:


  20. #12
    jimc123's Avatar
    SMF Badges of Honor

    Member since
    May 2015
    Location
    Woodstock Georgia
    Posts
    6
    Thanks
    1
    Thanked 3 Times in 3 Posts
    Your welcome, sorry I haven't been here in a while. You're not kidding about the hassle but it can be greatly simplified with standard forms, in-house and banking. One point that is a real attraction to put up with the hassle is the value of the currencies. Mexico hovers around 10 to 1 U.S. or 15 to 1 on the currency exchange (with your bank). That gives you a lot of buying power. Good luck.

  21. The Following User Says Thank You to jimc123 for This Post:


  22. #13
    sath's Avatar
    SMF Badges of Honor

    Member since
    Oct 2015
    Location
    Houston
    Posts
    6
    Thanks
    1
    Thanked 3 Times in 2 Posts
    When we purchase from overseas definitely ESCROW or LOC (Letter of Credit). If the seller can't sell samples then there's something wrong. We've had scam artists in South Africa send P3 and P4 samples and they even paid shipping. Be really careful and always make sure you verify. If the sellers email isn't from a company email that should be a concern.

  23. The Following 2 Users say Thank You for This Post by sath:



  24. Similar threads on the Scrap Metal Forum

    1. Buying in bulk, looking for possible pitfalls.
      By vicpell in forum Scrap Metal Tips and Advice
      Replies: 17
      Last Post: 02-28-2015, 10:08 AM
    2. This thead is a question - Buying bulk computer lots
      By 504Scrapping in forum General - Let's talk business
      Replies: 21
      Last Post: 10-19-2013, 11:32 PM
    3. Buying Scrap Truck/Car Batteries in Bulk
      By mardigras in forum General - Let's talk business
      Replies: 11
      Last Post: 07-12-2011, 01:49 PM

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook