Thyssenkrupp Materials launches SteelBuy platform in UK

Thyssenkrupp Materials Services’ new online market place, SteelBuy, has been launched in the UK, Kallanish learns from the group.

The end-to-end platform primarily targets excess inventory. According to tk Materials, it stands out by anonymising buyers and sellers, reducing the effort required to close deals, managing payments and logistics, and offering sellers 24/7 access to a global market. As a result, the platform addresses aspects that have previously presented barriers to trade, the company claims.

“The need for sellers to keep their competitors in the dark about excess inventory, and to find buyers, are the root causes of problems in the market,” says SteelBuy chief executive Terry Sargeant. “The result is that it is difficult for buyers to find these inventories as well as for sellers to identify the appropriate buyers. SteelBuy solves this problem and brings the parties together.”

Tk Materials Services is Europe’s largest steel and materials distributor, and actually independent of its parent group and of sister company tk Steel Europe. Along similar lines, SteelBuy operates as an autonomous entity, thus ensuring the independence of the platform, the company claims.

Christian Koehl Germany