Swiss Steel Group selects Metalshub as procurement platform

Düsseldorf, 30 March 2021 – Swiss Steel Group, a global leader in special long steel, has selected the cloud-based platform Metalshub for its raw material procurement activities. The four European business units of the Swiss Steel Group, Ascometal, Deutsche Edelstahlwerke, Ugitech, and Steeltec will strengthen their competitiveness by using the innovative software tool starting from March 2021.

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Swiss Steel Group is successfully driving forward the digitalisation of its processes and activities by implementing a digital procurement solution. The cloud based platform Metalshub will be used for purchasing a significant proportion of raw materials and will be integrated with the ERP system to ensure efficiency as well as synchronised and effective data visibility for the whole organisation.

“While efficiency and compliance are key drivers for introducing digital procurement solutions, Swiss Steel Group is also supporting the development of more liquid and transparent raw material markets and reducing CO2 emissions also in the supply chain. Metalshub is enabling us to become more efficient while creating a liquid spot market for our required raw materials.” Highlights Gerd Oehm, Vice President Corporate Purchasing.

"Raw material costs make up a significant amount of the total costs of a steel mill. Therefore, raw material procurement is a strategic function and key driver of competitiveness for every steel mill.”, explains Dr. Frank Jackel, co-founder and Managing Director at Metalshub. “We are very pleased that the Swiss Steel Group has chosen Metalshub as their digital procurement tool. Our software tool is specialised on the iron and steel industries and therefore customised to fulfil the very specific requirements.”

With more than 1,100 companies registered on Metalshub the digital platform not only supports the negotiation process between raw material sellers and buyers, but also the qualification, onboarding and management of new partners. Suppliers can upload REACH-registration documents, ISO certificates and sustainability reports via the platform. In addition, Metalshub is publishing the first fully transaction-based price indices for ferroalloys.

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About Swiss Steel Group

The Swiss Steel Group is currently one of the world's leading providers of customized solutions in the field of special long steel products. The Group is also one of the leading manufacturers in the global market for both tool steel and stainless long steel and is one of the two largest companies in Europe for alloyed and high-alloy engineering steel. With close to 10,000 employees at its own production and distribution companies in over 30 countries across five continents, the Company supports and supplies its customers around the globe and offers them a full worldwide portfolio from Production and Sales & Services. They benefit from the Company's technological expertise, consistently high product excellence across the globe, and in-depth knowledge of local markets.

About Metalshub

Metalshub is one of the pioneers of digital transformation in the metals industry. The software start-up was founded in 2016 in Düsseldorf by Dr. Sebastian Kreft and Dr. Frank Jackel with the vision of connecting companies in the industry with a digital platform. Digital supply chains can help reduce costs and CO2 emissions. More than 1,000 companies are already using Metalshub, including more than 200 foundries and steel mills that have digitised their purchasing processes with Metalshub. In 2020, more than $300 million in purchasing volume was concluded through Metalshub.

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