Bureau of International Recycling warns of fraudulent scrap deals

The Bureau of International Recycling (BIR) has warned its members about fraudulent scrap transactions reported over the past several weeks. BIR stated that scrap metal recyclers have been offered non-existent cargoes of scrap metal.
 
The data from the ICC International Maritime Bureau have confirmed that documents accompanying certain lower-priced offers were not authentic. The offers in question have been made using the names of real traders and, when a buyer agreed to take a sample cargo, he was given a tracking number to monitor the goods which were allegedly transported by a well-known carrier.
 
BIR has urged its members to report any suspicious documents or fraudulent activity regarding scrap metal cargoes.