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Traders to launch scrap networking initiative

Jan 24, 2014 | 04:23 PM |

Tags  scrap, My Scrap Network, Matt Smith, Ryan Hoefler, Cobra Trading, Niles Iron & Metal, Sean Davidson

NEW YORK — Two scrap industry traders have come together to launch an industry networking platform based on new media solutions.

The traders—Matt Smith, a trader at Niles Iron & Metal Co. LLC, Niles, Ohio, and Ryan Hoefler, owner of Twinsburg, Ohio-based brokerage firm Cobra Trading LLC—teamed up to launch My Scrap Network LLC Jan. 23, a Web-based platform to help buyers, sellers and traders select, organize and maintain their business relationships.

Smith, who is the network’s founder and president, told AMM that the idea stemmed from his previous experience working on a similar networking platform widely used in the film industry.

Although the network deploys several facets of social media, Smith said the network wasn’t a scrap-posting site or a mobile app.

"We are also not an online scrap broker. We do not take commissions or flat-rate charges on deals that transpire from connections made on My Scrap Network," he said.

The free service, which requires no billing information to create an account, will be made available to all sections of the industry after the network’s administrators have verified the legitimacy of the individual or company involved.

"We are a platform for all the diverse business practices of dealers, brokers and consumers to organize photos, chemistry, inventory sheets and any other marketing tools of the large variety of materials possessed," he said.

The network gives users the ability to control interactions with each customer and establish a desired level of privacy for offers and requests of materials, in addition to other communications and inquiries with peers, vice presidents and partners, Hoefler added.

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