27 April 2008

Steel Scrap

All prices in this newsletter are just indications, may change without further notification and need seller's final confirmation.
For all offers, we always need your proper and detailed LOI.
Steel Scrap

Information from http://www.steelbay.net

German Scrap market report March 2008
Scrap prices in Germany remaining stable on high level

HMS 1/2 has been traded in March at max levels of 450,00 EUR/MT CIF Turkey.
Normal Scrap price for remelting purpose (E2) around 260 - 270,00 EUR/MT delivered to German mill.

Scrap Exporters are in the market with good offers for material shipped in containers.
Material is short at the moment in regions which are close to port areas (Hamburg, Bremen and Rotterdam).

For mid-term of view the German scrap industry will continue to grow especially because of increase in raw material demand.

According to a study of Pricewaterhouse Coopers the international steel production will increase from today 1,28 Billion MT to 2,50 Billion MT in 2020.
......
An interesting article about the history of Steelworks you find here: ...

http://myweb.tiscali.co.uk/clydebridge/History%20of%20Steel%20Plant.htm#RollingMills

HMS 1&2 in containers
Regarding many orders pending and also many inquieries in the queue, the selling company cannot accept further orders at the moment. So far we kindly ask everybody interested in container supply to check for further corresponding information here in our newsletter before sending any documents. We will inform you as soon as we get "green light" from the seller that they can proceed and accept additional orders. Thank you for understanding.
used rails / bulk .... minimum 30.000MT/month x 12
For getting the seller's official quote, send the buyer's detailed LOI and his BCL for the deal (not about they have an account somewhere...)
HMS 1&2 / bulk .... minimum 30.000MT/month x 12
For getting the seller's official quote, send the buyer's detailed LOI and his BCL for the deal (not about they have an account somewhere...)
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- about documents (guidelines)

To be able to proceed, we need in all cases a detailed LOI issued from the buyer or from the seller. This is not because we love paperwork. This is to save time and to work efficiently.
A professional LOI contains ALL informations which are needed to get a professional and fast response.

Immediatly it is clearly to be seen,

-who wants to buy or sell what (including specification),

-under which conditions

-in which amount(s)

-for which (target-)price

-with which procedure

-under which payment terms

-whith which payment instrument(s)

-for which destination (of which origin)

-by using which bank(s)

-for which timeframe

-on seller's or buyer's ORIGINAL letterhead

-never sanitzed








Don't .......

Don't ask for photos, we are no photo-agency and they aren't worth the sending as they proof nothing.
Don't ask for a "past performance" as it says nothing about the seller's ability to supply tomorrow.
Don't ask for pricing without a buyer's LOI......
Don't ask for a FCO without having a positive response to your buyer's LOI.
Don't believe that the sending of a LOI automatically causes the sending of a FCO or draft contract.
Don't send a mail and ask 5 min later, whether it arrived and we have worked on it.......
Don't think we are machines that do not need to sleep, eat....
Don't believe there were no weekends in western europe when offices are closed (...saturdays and sundays...)
Don't think we had no other person besides you to talk to ..... (your inquiery is important for us, but it is NOT the only we are busy with....)
Don't think that deals about several millions of USD are closed within minutes, hours or a day ......
Don't start an inquiery by telling what commission you have to get .... (no contract closed - no commission - no discussion)....

LOI or ICPO.. see below a few informations what we expect
Guidelines to note when preparing documents
(please take notice as we lose a lot of time by 'wrong documents'...)

LETTER OF INTENT (LOI)

1. Freshly dated (not older than 3 working days)
2. The format should be PDF File
3. The letter head is genuine, check for any signs of cut and paste or scan and edit. In the letterhead we need complete company name, adress, phone number, fax number and email adress
4. The LOI may be adressed to F.H.U PRO - b2b group deutschland
5. We need the quantity, duration, destination port, price idea, specification and origin, and banking details
6. The documents must be signed and stamped

IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)

1. Freshly dated (not older than 3 working days)
2. The format should be PDF File
3. The letter head is genuine, check for any signs of cut and paste or scan and edit. In the letterhead we need complete company name, adress, phone number, fax number and email adress
4. The informations must be detailed and we need a specification
5. The ICPO may be adressed to 'the seller through F.H.U PRO b2b deutschland group'
6. Bankers information must be the same as the to the company ordering and as stated in the letter head, if different, then it must be accompanied by a letter of the owners of the bank account attached to the ICPO staiting their authorization of the purchase
7. The documents must be signed and sealed