Nigeria is West Africa's largest steel market and a significant importer of HMS (Heavy Melting Scrap), primarily feeding the growing number of induction furnaces and mini-mills around Lagos and Abuja. Import demand is driven by the country's expanding construction and manufacturing sectors.
HMS scrap imported into Nigeria is typically priced CFR Apapa (Lagos) in USD. HMS 1&2 (80:20 mix) is the dominant grade; buyers also accept shredded scrap for certain specifications. Nigerian buyers negotiate on a per-metric-tonne basis, and deals are typically settled via irrevocable letter of credit (L/C).
Apapa port in Lagos is the main entry point for bulk scrap imports. Transit times from Europe are approximately 14–21 days; from the US Gulf, 10–14 days. Import duties and demurrage risks are key considerations for sellers.
Suppliers of HMS scrap looking to sell into Nigeria should post on MetalsPlace with grade, weight, origin, and preferred CFR Apapa pricing. Nigerian buyers are active on the platform and appreciate firm offers with inspection certificates.
Nigerian buyers should specify port discharge preferences, L/C terms, and quality inspection requirements (typically SGS or Bureau Veritas) when enquiring. Pre-shipment inspection is standard for most large import deals.
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For current HMS Scrap pricing, visit the HMS Scrap price guide with 30-day history and indicative market rates. For a Nigeria market overview, see the Nigeria price guide and the scrap yards in Nigeria directory. Browse the full metals price guide or post a listing on the HMS Scrap board to reach a global audience.
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Indicative prices for reference only. Always verify with a licensed dealer before commercial transactions.