SteelBuy has recorded over 300 transactions and GBP 1m+ sales revenue.
Users from across the UK are leveraging the technology to achieve faster and more efficient deals for their mild steel, stainless steel, and aluminium, with all the logistics and invoicing managed through the encrypted platform.
Sellers can post their material with product specifications, test certificates and price per tonne and these can be found by potential buyers within seconds. With listings taking just one minute to complete, it is estimated that 37 hours can be saved each week in the average purchasing and sales function.
Importantly, all transactions are anonymised so buyers and sellers do not know who the other party is, essential when sensitive data, such as prices and stockholding, must remain confidential.
SteelBuy has ambitious plans to take its technology into the European marketplace, as well as rolling out new features that reflect user feedback to make the process even easier.
