nord

Nomenclature

In order to facilitate trade in ferrous and non-ferrous metal waste, traders on the Bulgarian market have adopted uniform rules for the classification of waste in certain groups based on its quality and composition.

Following the accession of Bulgaria to the European Union (EU), Bulgarian traders in ferrous and non-ferrous metal scrap had to adopt the standards for classification of goods traded on the intra-Community market, and respectively, the standards for classification of ferrous and non-ferrous metal waste.

Intra-Community trade is governed by European legislation; however, as far as trade deals and commercial contracts for the Bulgarian market are concerned, the guidelines most commonly referred to in order to determine waste quality and composition are the ISRI (Institute of Scrap Recycling Industries) specifications.

These guidelines are derived from many sectors of the industry, including metals, paper stock, plastics, glass, and electronics, and have been developed so as to reflect the quality or composition of the materials bought and sold in the industry globally.

The internal nomenclature used by Nord holding is based on the ISRI specifications, because our company is well positioned commercially both in Europe and on the global market.