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The future of metals trading is digital!

The future of metals trading is digital!

A recent study by Google found that within the last 2 years the share of “digital natives” involved in a B2B buying transaction has doubled! It is now over 50%. Digital natives are between 18 and 35 years old, are used to do their private shopping online and expect the same in B2B commerce. We call this the „consumerization of B2B trade“. 94 % of these digital natives conduct internet research during the purchase process and 74% do this even before the first contact with a sales manager.

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Increased efficiency in the ordering process of technical components through digital solutions

Increased efficiency in the ordering process of technical components through digital solutions

The procurement of prototypes and small batches poses a major challenge for industrial companies. On-demand manufacturing makes it possible to design production networks flexibly and efficiently. The use of additive manufacturing, more commonly known as 3D printing, can also reduce the production time. The following blog post explains the technology and its benefits. KREATIZE and Metalshub can assist manufacturing companies in their digital transformation.

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Counterparty Due Diligence on Metalshub

Counterparty Due Diligence on Metalshub

Buying for the very first time from a new supplier or selling for the very first time to a new customer makes almost everyone feel a bit uncomfortable.

An important reason to perform customer or vendor due diligence checks is to reduce the risk of doing business with fraudulent companies or companies which could harm your company’s reputation. In the EU, the USA and many other regions, it is also required to comply with anti-money laundering legislation.

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Facts and figures about Month#1 – Off to a good start!

Facts and figures about Month#1 – Off to a good start!

“You need to build a critical mass” or “liquidity is key” is something a lot of people in the industry tell us. Well, we are off to a good start! And we are counting on the support of our users to grow together with you. In the first month since the Metalshub launch, a lot of activity has taken place on the Metalshub Platform.

In this post, we have summarized some facts and figures about our first month in the market.

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Neutral General Terms and Conditions to facilitate efficient contracting

Neutral General Terms and Conditions to facilitate efficient contracting

Negotiating General Terms & Conditions (GTCs) can sometimes be even more time consuming than concluding the actual commercial terms of a metals contract. Despite having agreed on price, specifications and delivery details, it regularly happens that contracting counterparties cannot agree upon whose GTCs to use. In the worst case, this can become a deal breaker. Alternatively, the contracting parties sometimes revert to the so called “Battle of the Forms”.

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CRONIMET and Traxys conclude first transaction

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 […] Read more

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