NatSteel selects Metalshub as procurement platform
Düsseldorf, August 30, 2022 – NatSteel, a leading steel-reinforcement solutions company, has selected the cloud based software Metalshub for its raw material procurement. NatSteel, who operates as the only integrated steel mill in Singapore, has started using Metalshub in June 2022.
NatSteel is successfully driving forward the digitalisation of its supply chain processes by implementing a new procurement solution. The cloud-based supply chain solution 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 data transparency across the entire organisation.
“NatSteel emphasizes on digitalised solutions to maximise efficiency while remaining cost-effective. Metalshub has a comprehensive supplier database for us to receive competitive offers. Metalshub adds value by allowing us to view the metal price indices and also market insights for better understanding of the market development.” - Daniel Ee, Vice President of Procurement and Plant Supplies.
"We are very pleased that NatSteel has chosen Metalshub as their digital procurement solution,” said Dr. Sebastian Kreft, Co-Founder and Managing Director at Metalshub, “What Natsteel has valued about our solution the most was that our tool provides access to a network of over 1.100 pre-qualified raw materials suppliers and that the time to value is very short. This results in a strong business case.”
“We believe that the collaboration between Metalshub as the leading supply chain solution and Natsteel as the leading steel mill will help both parties to maximise their level of success.” - Eric Xing, Customer Success Manager at Metalshub.
With more than 1,300 companies registered on Metalshub, the digital tool 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 ISO certificates and sustainability reports via the digital tool. In addition, Metalshub is publishing the first fully transaction-based price indices for ferroalloys.
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About NatSteel Holdings Pte Ltd
NatSteel is a leading Southeast Asian steel company that delivers premium reinforcement steel products and solutions for the construction industry. Its headquarters and flagship plant are based in Singapore. Being the only local steel mill with an integrated upstream and downstream operation, steel is manufactured through recycling scrap, and fabricated according to customers’ needs.
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 1,300 companies are already using Metalshub, including more than 200 foundries and steel mills that have digitised their purchasing processes with Metalshub. In 2022, more than $500 million in purchasing volume was concluded through Metalshub.