IREPS · HOW-TO
How to Choose the Right IREPS Material Category
Accurate category selection affects both your eligibility to bid and whether relevant opportunities actually surface for you.
Accurate category selection affects both your eligibility to bid and whether relevant opportunities actually surface for you.
How To Approach This
- Review your actual trading focus and capability honestly — ferrous scrap, non-ferrous scrap, and other equipment/material categories have different market dynamics and buyer pools.
- Match your registration and bidding activity to categories where you have genuine valuation expertise, rather than spreading across categories you don't understand well.
- As your business grows or diversifies, formally update your category registration to reflect the change, rather than assuming your original registration covers new territory automatically.
- Periodically review whether your category focus still matches your actual capability and market opportunity, adjusting deliberately rather than drifting.
Frequently Asked Questions
Can I register for multiple material categories?
Yes, provided you meet the specific requirements for each category you register in.
Should a new trader specialize narrowly at first?
Building deep expertise in one category before expanding is often a sounder approach than spreading thin early on.
Ready to Move on This?
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