Bulk Steel Scrap (HMS 1/2) suppliers and buyers

About Steel Scrap (HMS 1/2)

HMS 1 and 2 are heavy melting steel scrap grades traded in bulk by the metric ton for steel mills. The mix, size and impurities are agreed, and cargoes are usually sold FOB or CFR.

Steel Scrap (HMS 1/2) exporters and importers: who trades it in the world

World exports of Steel Scrap (HMS 1/2) were worth about USD 44.4 billion in 2024. The largest exporting countries were United States (14.2%), Germany (9.4%), United Kingdom (7.6%), Netherlands (6.8%). The largest importing countries were Turkey (18.8%), India (10.7%), Italy (5.6%), Belgium (5.6%).

Source: OEC (BACI/CEPII), 2024, customs codes 7204 (a wider product group). The figures count trade by every mode of transport, not only by sea.

How trading Steel Scrap (HMS 1/2) works on Comdity

A company posts a sell offer or a buy request with the quantity, the delivery period and the ports. Other companies send an offer or a counteroffer on FOB, CFR or CIF terms. When both sides want to go on, they accept the offer, receive each other's contact details and finalise the contract directly. Comdity is a marketplace: it is not a party to the contract.

• FOB (Free On Board): the seller delivers the goods on board at the loading port; the buyer arranges and pays the sea freight.
• CFR (Cost and Freight): the seller pays the sea freight to the discharge port; the buyer carries the risk and the insurance from loading.
• CIF (Cost, Insurance and Freight): as CFR, and the seller also insures the cargo to the discharge port.

Country guide: How to Sell Steel Scrap in Bulk: Grades, Buyers and Export.

Read more: FOB vs CFR vs CIF · offer and counteroffer · how to find commodity suppliers · export and import documents.

Steel Scrap (HMS 1/2) is normally shipped by bulk carrier. When the terms are agreed, you can explore suitable vessels on Shipfixing.