I am currently buying HMS1 and 2 in the US from brokers C&F Chittagong Bangladesh. I want to move from using an agent to purchasing the material directly from the yard and using a freight forwarder to handle the shipping or open an account with a shipping company my self.
My question is: based on the prices I am seeing for HMS1 and HMS2 on the scrap metal indexes, there is no way I can even come close matching an existing deal I am buying C&F. What do these index prices represent? Is it the price for a person coming in off the street and buying direct from a supplier? Once I give the supplier a booking number does this price include him picking up the containers from the shipping yard, loading the material, and sending the container back to the shipping yard?
I called a direct supplier on the east coast and told him what I was willing to pay/MT and he indicated I was not even close.
Any direction would be appreciated.