Make Money From Scrap Metal Business

Scrap is a term used to describe used and recyclable materials left over from every manner of product such as parts of vehicles {metal, tyre etc}, paper, nylon, computer parts etc. Often confused as waste, scrap in fact has significant monetary value. Scraps are articles that are not wanted but are of
some value for the material they are made of and metal scraps are useful because of the iron they contain. Examples of metal scrap includes automobile parts, ship parts, industrial parts, building parts and household parts that metal can be extracted from.

Metal scrap can be basically classified into two categories namely HMS {Heavy Melting Scrap} and Used Rails. HMS can be further divided into two groups namely HMS 1 and HMS 1 & 2 depending on the composition of the heaviness of the scraps.

Metal scrap trading in Nigeria is very lucrative in the sense that the demand for the product outweighs the supply. The nation’s national steel consumption rate which is presently estimated at 2,000,000 MT annually is been meet through the recycling of metal scraps due to the fact that our mining sector in comatose thereby making demand exceed supply.

How to Make Millions From Scrap Metal and Aluminum Supply in Nigeria
Are you aware that Scrap Metal and Aluminum Supply Business in Nigeria is a huge goldmine? What usually comes to your mind whenever you see those young boys mostly from the Northern hunting for scrap metal and aluminum in your neighborhood? You always say in your mind "what an hungry scavengers"? My brother, you
better think again! Those guys you see as hungry are in reality making serious dough while you are there whining in pity. You don't have to roll yourselves in dirty to be in this business. You can do it in corporate way if you like but the important thing is that you are going to make plenty of money. So, drop whatever you are doing right now and come close to me, I want to show you exactly how to do this business and make N400,000 monthly without staining your cloths.

If you can gather metal, copper, or aluminum in good quantity through any reasonable means, be sure of good money. You wouldn't even need to transport is because the companies you supply will come picking it themselves. Yours is to take your profit after sales. The metal is measured in weight and each weight has a given price.

Below are the prices:
1 Ton of metal = N35,000 - N40,000
10 Tons or Trailer load of metal = N350,000 - N400,000
1 Ton of Aluminum = N130,000
10 Tons of Aluminum = N1,300,000

The following companies buys this materials in great quantity at anytime of the year. All you have to do is to get them in quantity and call their attention to it, they will come over for it or you take it to them if you like.

NIGERIA with a capacity of handling over 100 Metric Tons of Metals per day. The Factory is located at SHAGAMU – IKORODU Road in Ogijo Dist where land was
purchased, the factory building and infrastructure set up, Machinery and Equipment of a most modern processing and Smelting plant imported, installed.

Nigerian Foundries Limited Head Quarters &:Otta Plant . Nigerian Foundries Ltd (NFL) is the leading ferrous foundry group in sub-sahara (excluding South Africa) with a total installed capacity of 8,500 metric tons per year. It has two plants, one in Ilupeju Lagos State and one at Sango-Otta, Ogun State. NFL started as a small grey iron foundry at Ilupeju in 1969 by the Barberopoulos brothers making municipal castings and water pipeline fittings. Km-38 Lagos-Abeokuta Expressway, Lynson Chemical Avenue, Sango-Ota, Ogun State, Nigeria.

You need to get some hands to assist you in this business. Recruit some young and jobless boys in your community and engage them in scavenging the material while you pay them some amount of money. It could be in 30/70% formula - you take 30% while they take 70%. This way, they'd be in business and you will be
making good money off them. You will need a Scrapyard. That is a place where the metal and aluminum are converged for onward supply. A piece of land will do for this. Once you have your team of boys and a place to gather your metals together, you are good to go. There is absolutely no other things required, just as simple as these.

Comment From Dadojo
There is another dimension to it. Some of us may not really have the time to go about looking for scrap. The higher dimension is in the form of environmental protection, liasing with the ministry of environment of your respective states to rid the state of harmful environmental waste. You will agree with me that along major highways, we have abandoned acident vehicles, some totally burnt, others destroyed beyond
repair. Ideally, a govt agency ought to remove these vehicles from the road but they don't. That is where a business comes in. Remember I said earlier that when a society is disorganized, it presents opportunities for enterprising individuals to make money.

A standard saloon car weighs between 1000kg to 1500kg (between 1 ton - 1.5tons) with the tires, engines and other accessories. When these vehicles get accidents and are left on the road, they are either vandalised or burnt. Their weight reduces. The worst possible scenerio is their weight reducing to
800kg ie without accessories. This is about the weight of the Unclad car itself.

Scrap metal buyers usually buy a kilogram for between ₦70 to ₦180. I believe the steel companies themselves will buy a kilogram for up ₦250. So it depends on who you would want to deal with directly, either the third party buyers or the steel companies themselves. Now since the frame of a vehicle itself will weigh upto 800kg, it therefore means that if you are going to sell one abandoned vehicle frame, you will be making between ₦56,000 to ₦200,000 per vehicle. That is to tell you the wealth lying waste on our highways and in most mechanic workshops. Have you ever wondered where the old beetle vehicles (tortoise cars) are? Vehicles of 1960s, 1970s, those old model peugeout vehicles, where have they all been taken to? Nobody drives them anymore, yet we do not see them litter our
mechanic workshops or in the compound of most old men. They have all been removed and sold to our steel companies for raw cash.

Although there are still a few of them in the premises of some old folks who may want to keep those vehicles for history sake. When next you pass through a neighborhood and see one rickety vehicle parked beside a house, simply smile and tell yourself I am returning for that! Find some cash and approach the landlord or the owner of the vehicle, offer to pay him to remove the vehicle from his compound or simply tell him you are a mechanical engineering student (No lie o) trying to find out the working principles of old vehicles.

Once you get permission, simply call the nearest available towing van to tow the car to your Store site. You've just earned for yourself some thousands. Get five of these vehicles and you are already approaching the Millionaire threshold. You will find more of these abandoned vehicles along our highways, even in police stations. Technically, they have become no Man's property. But to avoid stories that touch, it is advisable to get approval to clear our highways of accidented vehicles. In fact, registering an N.G.O for this purpose will guarantee you of speedy approval by any government you approach to seek permission
from (Although some of those vehicles may be insured). Traveling from Warri to portharcout for instance, you should find more than 5 vehicles along the road, inside the bush waiting for you to come get it. That is approximately 260k to 1M waiting for you to have it all to yourself. Before you travel through to about 5 states, I can guarantee, you would have seen not less than 10 vehicles along the highway. Think on this and innovate by putting your signature to what I have just said. Wealth abounds only those with the eyes of the mind can see it.

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