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CRONIMET and Traxys conclude first transaction on Metalshub

CRONIMET and Traxys conclude first transaction on Metalshub

press releases

March 01, 2018

13th of December 2017. The clock shows 10:44 a.m. The Metalshub trading platform just went live two hours ago. The Metalshub team is excited and the tension can be felt in the air. Then the big news comes: The first trade has been successfully concluded on Metalshub! A very special moment for the team!

After ten months of software development, the Metalshub platform was launched on the 13th of December 2017. Activity immediately started with several companies looking to buy or sell. CRONIMET Ferroleg. GmbH and Traxys Europe S.A. were the very first to conclude a deal on Metalshub for 24 metric tons of ferronickel. Due to the intuitive design, it only took a few minutes to conclude the business on the platform. CRONIMET is a worldwide specialist trading company for stainless steel scrap, ferroalloys and primary metals. Traxys is one of the leading trading houses for metals, ferroalloys and concentrates.

“Metalshub offers us a new channel to purchase and sell metals and ferroalloys in addition to our existing channels. We wanted to be one of the first to use the new platform.” Christian Jessen from CRONIMET explained.

And Jan Wessels from Traxys added “The entire Metalshub process is very thought through. After agreeing a deal, a transaction confirmation is automatically generated which contains all relevant information. I can hand it straight to our back office for deal execution.”

Metalshub is a digital marketplace for metals and ferroalloys which did not have a terminal market until now. It gives its users access to a wide range of pre-checked trading parties and offers a fast and efficient process to conclude deals. Interested companies can register for free on www.metals-hub.com.