Metal scrap trading entails the buying and selling of metal scraps to its users. The report highlights the rudiments of the business giving an overview of the business, technical requirement, legal requirement, socio-economic importance, risk and mitigation strategies as well as the financial analysis.
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.
At Foraminifera Market Research we seek to expose this investment opportunity so that willing and capable investors can take advantage of it.
Metal scrap trading in Nigeria is very lucrative in the sense that the demand for the product outweighs the supply.
In Nigeria, the demand for metal scraps can be traced to the very increasing growth of building construction where they are used as steel bars. Approximately, about 70% of recycled metal product in Nigeria end up been used in the construction industry.
The business has been analyzed to be a huge source of income for traders due to its increasing demand by metal recycling companies.
At the time of writing this report, a ton of HMS 1 costs between N38, 000 – N45, 000 while HMS 1 and 2 cost N 30,000. The return on investment is about 10%-15%.
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At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.
Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.
You can order our detailed business plan on metal scrap trading in Nigeria by clicking on the link below.
Report Title: METAL SCRAP TRADING IN NIGERIA; THE FEASIBILITY REPORT
Report Code: FORA/08/2011/111
Do you require one- on- one training on the subject matter? Contact us with any of the details provided below to arrange a meeting
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