Utensteels India

We are into trading of Scrap Material mainly Steel Scrap HMS 1, HMS 1&2 (80/20) and Steel Rial (R50/R65). Our company is professionally managed and run by qualified enginering back ground owner. Our company was established in 1995 and started business of Trading of Stainless Steel Fabricated Products mainly for Hospitality Industries. Today, in indian market, we are very well known for our products and services. Since, there is a tremendous scope of Trading of Metal Waste & Scrap, our company has entered in this trade. We can arrange supply with following few caveats. 1) The buyer has to enter in to one year contract. This contract requires that buyer buys minimum 30,000 MT/month for 12 months totaling to 360,000 MT/year. 2) We have a set contract format and we will not deviate from that contract. That means whatever conditions are set forth in the contract is final. Buyer can either accept all conditions in the contract or leave it. 3) The payment has to be strictly through revolving LC. That means payment for the shipment will be done as soon as bill of lading and inspection documents are provided by the inspection agency. We will not wait for the ship to reach buyer's destination. This is very important to understand. The ship will start sailing and may take more than one month to reach buyer's destination. In the mean time, we will ship another say 30,000 MT and buyer will have to pay for this second shipment even if the first ship is still in the transit. Since the LC is being opened every month automatically, this type of LC is known as revolving LC. The revolving LC must be opened by the well known international bank.