Metalshub launches partnership with SMR
Düsseldorf, 17. January 2022 – Metalshub, the Supply Chain Solution and Data Intelligence Platform specialised on raw materials, has announced a strategic partnership with the leading market research company which provides market intelligence for the specialty steel industries, SMR. Metalshub and SMR will join forces to expand and promote the price indices for metals and ferro-alloys currently offered by Metalshub.
We are nowadays navigating in a challenging economic environment: information moves fast, unpredictability about the future is constant, agility is then crucial; raising the need for high quality and reliable data. In order to provide such data, digitalisation opens the door to real time, direct information. In volatile markets such as the metals and steel industries, it is vital to have current and reliable price indices accessible. Based on real data from market transactions, the Metalshub price indices are a groundbreaking change in the way price discovery happens in the industry today.
Markus Moll, Managing Director at SMR: "Raw materials are the biggest cost factor for any special steel producer. Having access to 100% accurate, real time raw material prices is a key success factor for the decision makers along the entire supply chain from raw material suppliers, steel mills, but also distributors and fabricators. The way such prices are ‘collected’ today does not deliver what is needed. Just think that stock prices on the NYSE would be set through phone calls to buyers and sellers without any possibility to verify whether what they tell you is correct. This would be unthinkable. But this is how raw material prices are ‘produced’ today. Metalshub’s trading system generates transaction-based prices, just like the NYSE. That’s why SMR is very happy to partner with Metalshub to be able to provide our customers along the entire supply chain with accurate raw material prices."
When talking of accuracy, it is SMR's strength to go to the source of things in order to collect the most reliable information. With the wide network that SMR has built over the past three decades and the consequent pool of knowledge they are a powerful player especially in the steel and metal industry.
Sebastian Kreft, Co-Founder at Metalshub: “I have known Markus Moll and SMR for many years, they are an undisputed thought leader in the stainless steel industry. We are very happy to partner with a company which has the same high quality standards and shares our ambition to drive the industry forward to the benefit of all its stakeholders.”
Metalshub has built a liquid metals trading ecosystem focused on raw materials consumed by the iron and steel industry. Through its supply chain solution Metalshub has fed the creation of its own price indices for metals and ferroalloys. The cooperation with SMR focuses on marketing initiatives to support the adoption of Metalshub indices in long-term contracts.
Further information and graphics can be found at: https://www.metals-hub.com/en/press/
Metalshub is one of the pioneers of digital transformation in the metals industry. The tech start-up was founded in 2016 in Düsseldorf by Dr. Sebastian Kreft and Dr. Frank Jackel with the mission to drive digital innovation in the metals industry. Metalshub's digital supply chain solution can help reduce costs and CO2 emissions. With over 100 subscribers to their price indices, Metalshub offers a wide range of price data (FeMo, Nickel, Manganese Metal Flakes, FeVa, FeTi, FeT, FeCh, FeSi...). Plus, more than 1,300 companies are already using Metalshub, including more than 300 steel mills and foundries that have digitised their purchasing processes with Metalshub. Since the launch of the platform in 2017, more than 1 billion USD in trading volume was concluded one the Metalshub platform.
SMR Group, based in Austria, was established 28 years ago as an independent market research company with the mission to provide market intelligence for the stainless and specialty steel industries. Market studies incl. strategic management advice and the organisation of conferences & seminars are its core competences.
The group also includes the SMR Stainless Steel Club, which is a unique digital platform with the goal to deliver the latest news, market data and analysis for the global and regional stainless steel market.