Business of Metals Scraps.
Business of Metals and Ores is very huge and millions of persons are engaged in the trade across the world. Even the Business of Metal Scrap is very large and rewarding. Most of the industries has tons of metal waste which they dont directly recycle or use and sell it to the scrap traders. It is in the form of wires, iron ore, waste machine parts, old non working machinery, non working ships, defected metal parts, rail tracks, construction materials, automation tools, hardware items.
Though this business seems rewarding and easy to start and run, it requires ample amount of cash or bank balances. Usually the transactions for Scraps are without any credit facility and one needs to be ready with payments. There are least chances of funding from banks and VCs for this business.
One needs to be expert for evaluating the values of the of scrap while purchasing and rest sky is the limit. One can discover an opportunity in metal scrap business from simple scrap trader to large importers or even end producer of finished goods, depending upon expertise, finance, and entrepreneurial capabilities. One can take help of B2b portals, which connects with exporters, importers, traders. Most of the B2b portals provide free as well as paid memberships. EC Ventures is coming up with world's first dedicated portal for Metals.