Scrap Metal Business in the Philippines  

Thanks for your comment. Actually, the risk comes in different forms, as follows:

1. You bought your metal scrap at a high rate, just like last week, the price went up to as high as Php18.00, but today, it went down to Php17.50. Back in 2008, metal prices went up to Php 27.00 per kg, and the peak was before the Beijing Olympics started. Days after that, it plummeted down to Php 5.00 in December.
2. When the junk shop owner delivers his goods to the foundry, and gets stolen by the "jumpers" (kids who jumps to the top of your truck and steals pieces of metal before it gets into the weighing scale)
3. When the driver himself drops portion of the delivery elsewhere
4. When the weighing scale used is tampered.
5. When your estimate to a stock lot is lesser than the actual weight. This scenario happens when you are just starting and have lesser experience of the trade.

The above cases actually happens and you can inquire from the junk shop owners. This subject matter will be lengthily discussed in the following chapters of my post.

Thank you so much for your compliment. I would also love to interact with people within the same industry. We can exchange notes, clients, and perhaps do business together. We give referral fees for concluded transactions.

how can we contact you? your location?

My friend is in cavite and he has many contacts but as usual in this type of transactions, he was always left behind when the parties involved, buyer and seller came to know one another. I hope he will have a better deal with you and finally earn good money for his endeavors. I just want to help him have a better life than he is in now.

Thanks.

Hi,

Tried to send you a private message but i think you need to accept my invite first before i can PM you my contact details..

Thanks a lot.