This is off the cuff. Never dealt with importing scrap, but I can tell you it takes a lot more to import something than just the cost of the material. Legality issue could be on standards there versus standards here (hazmat). To import you will have a duty rate of between 4-5%. You will have brokerage. You will have inland drays. You will have advanced freight fees. Most factories will handle a lot of that but some of these fees you have to pay.
Have to have an importer license.
Customs bond.
Broker.
Also if you import product you records are subject to inspection without a warrant or cause by United States Customs at any given time. They can walk in and look at whatever they want. All they need to do is prove who they are.
Since scrap is selling for a premium to China even if you did all of this and had the money to travel overseas and develop the contacts, how would you buy scrap from them and turn a profit?
Bookmarks