E-Steel is built on a neutral platform, so every buyer and seller can benefit from increased efficiency and the expansive global capabilities of the Internet, not just the handful of steel mills that have made an investment in electronic commerce. In addition to offering secondary steel for sale, MetalSite has editorial content provided by Cahners Business Information publications New Steel , Metal Center News , and American Metal Market . Users will be able to browse the Web site's steel listings for free, but steel sellers will be charged a fee of less than 1 percent when a transaction is completed, says Chris Hanan, E-Steel's director of business development. E-Steel also plans to provide market news, forums, trade and industry reports, and stock information.
Buyers can browse the general listings of all products available on the Web site from any company.
Buyers and sellers who have partnered in the past can use another area within the site that offers special prices, delivery times, or products available only to those customers. Users can track bids electronically along with negotiations. Once price and terms are agreed on, buyers and sellers can execute the deal on-line. E-Steel is an efficient and customizable tool that allows steel professionals to maintain their existing business relationships while realizing a new world of possibilities. Return to New Steel News Archives Return to New Steel home page.