Web Site Offers 'Neutral' Place To Buy, Sell Steel

Jan. 13, 2005
Global buyers and sellers of prime and secondary steel product can initiate business transactions over the Internet via the e-Steel Exchange online marketplace, operated by e-Steel Corp., New York. Neutral, that is, not owned by any of the participants, ...

Global buyers and sellers of prime and secondary steel product can initiate business transactions over the Internet via the e-Steel Exchange online marketplace, operated by e-Steel Corp., New York. Neutral, that is, not owned by any of the participants, the site provides a secure environment where users can initiate inquires or make product offers and negotiate full details of a transaction in real time. Products currently purchased or sold on the site include prime and non-prime hot-rolled, cold-rolled, coated, plate, tin-mill, and rebar steels. By year end, additional offerings will include semi-finished products (billet, bloom, slab), pipe and tube, structurals, wire rod, and specialty steels. Membership in the e-Steel Exchange is free for both buyers and sellers, though members must be qualified via a credit and corporate-profile check. E-Steel will charge sellers a transaction fee of less than 1% on purchases initiated on the site, though payment between trading partners will occur offline.

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