Now that the first half of 2019 is over, it is time to reflect on what has been a tremendous semester. We are happy that now 500 companies are actively using the Metalshub tool to buy and sell ferroalloys and metals. Compared to the first half of 2018, the transaction volume concluded on Metalshub has six folded to over $50 Million. This is legally binding contracts concluded, not trades “initiated”.
We released 5 new products and launched new features which our customers love and were asking for! What are the features we are most excited about?
It was a tough choice to whittle them down to just three, but we managed to do it. Here is our top 3 of new features which help you save time to do more of what you love…buying and selling metals and ferroalloys!
1. Analytics Centre
The new Analytics Centre allows buyers and sellers to access and analyze decision-relevant information. For example; buyers can see previous transaction prices and price trends, the share of wallet of their counterparties, and much more. Watch the short video for more information.
2. Counterparty rating system
After a deal is concluded on Metalshub, now the buyer and seller get the possibility to rate their counterparty. A rating is always anonymous and consists of a 5-star rating and optional comments. Both sellers and buyers are rated based on main aspects such as reliability, logistics, and quality of the product. Check out the release blog to learn more.
Sellers now have the opportunity to factor their receivables and receive payment immediately after delivery. Buyers get the opportunity to extend their payments terms. For example; if a buyer and a seller have agreed on 30 days payment terms, the buyer can request an extension up to 120 days from Metalshub. Currently, this service is only available for German companies, but our team is working hard to make it available in other geographies.
Wait there is more!
I know we said 3… but there are a few more cool things that you should also know about.
After our 5 latest additions, now we have 16 product categories tradeable on the marketplace, these are; Boron, Chrome, Cobalt, Copper, Manganese, Nickel, Niobium, Molybdenum, Phosphorus, Recarburiser, Silicon, Sulphur, Tin, Titanium, Tungsten and Vanadium, each with multiple subcategories.
- Option to negotiate the product and the Incoterms
This feature basically allows sellers to offer a different product than the one specified on the listing, e.g. offer nickel briquettes on a nickel cathodes listing. Moreover, a seller can offer a different Incoterm, e.g. CIF on a listing which specified DDP.
REACH registration and certificates
On the “Company profile” besides including the company logo, website, delivery and storage locations, now companies can also upload their REACH registrations and certificates e.g. ISO certifications.
Special thanks to all our platform users for your constant support. We look forward to a second semester working closely with you, developing more time-saving features to help you boost your business efficiency!
We count on your valuable feedback and on our dedicated team to make our platform more intuitive and user-friendly. Please include your suggestions as comments in the “Leave a Reply” field below.
Check all these features out, login or register to experience the future of metals trading!