Welcome to Steel Exchange, its always a buyer's market

FAQ

FAQ

We offer
Our Strengths

Steelexchange.in is a platform for both buyers and sellers whether large or small to run a transparent, unbiased and convenient mode of business. The buyers get to choose apt sellers depending on the outcome of the bid.

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Buyers Post Requirements

The buyer creates an auction by filling in the requirements that need to be fulfilled.
 

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Sellers Respond with bids

As soon as the buyer creates an auction a notification is prompted to the sellers who in turn bid on the auction.

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Buyers Choose Bidder

After the sellers have bid on the auction , the buyers can choose the apt bidder , on doing so the auction gets closed.

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Deal is Closed

The buyer deposits a pre-determined amount* to steelexchange.in and gets connected with the seller. *Refundable at the time of Invoicing of material.

Frequently Asked Questions

Steel Exchange is aimed at enabling Steel Buyers to discover the best price seller of the desired steel. A registered buyer may create an auction as & when he may require steel. All relevant registered steel manufacturers will be alerted. Interested ones will confirm participation in the auction. By the end of the auction time, buyer will know the lowest price available and who is offering it.

Any steel buyer may approach Steel Exchange on info@steelexchange.in or call on +91 9810280671. A representative will connect with the interested buyer and help him to get registered.

Any steel manufacturer may approach Steel Exchange info@steelexchange.in  or call on +91 9810280671. A representative will connect with the interested manufacturer and help him to get registered.

Once the lowest cost steel seller is discovered in the auction room, Steel Exchange will send the details of seller to buyer (after buyer pays the facilitation fee to Steel Exchange). They will connect offline, buyer will pay the seller at the designated price (less credit note value to the extent of pmt made by buyer to Steel Exchange) and lift the material from seller’s godown / stockyard. This entire transaction will be supervised by Steel Exchange (conditions apply).

All transactions that go through Steel Exchange are secured via 2048 Bit encryption. We have partnered with (Instamojo.com) the most secure payment gateway which uses the most powerful Verisign secure socket layer (SSL) for encrypting customer data during transmission. To put this into non-technical terms, it would take 340,000,000,000 years for today's fastest computers to crack VeriSign SSL.Guess what, it’s FREE! The facilitation fee paid by the buyer is immediately credited back to his account and will be adjusted in the payment made to the seller at the time of lifting material. All that the buyer needs to do is present the credit note issued by the Steel Exchange at the time of invoicing.

Nothing! If the buyer concludes the entire transaction, right up to lifting the material from the L1 Manufacturer, the cost to buyer is ZERO. This is because the fee paid by buyer to steel exchange.in is refundable at the time of invoicing of material.

If, after the auction concludes, and the buyer & seller details are exchanged between each other, the seller doesn’t honour commitments, you may contact info@steelexchange.in within 24 hours of the ‘Delivery Date’. Our specialist will intervene & get the matter resolved.

If, after the auction concludes, and the buyer & seller details are exchanged between each other, the buyer doesn’t honour commitments, you may contact info@steelexchange.in within 24 hours of the ‘Delivery Date’. Our specialist will intervene & get the matter resolved. However, at the end of it all, if buyer doesn’t lift material at the decided terms, a compensation of Rs. ___ per T will be paid to seller. Additionally, a negative marking will be done in the buyer’s account. A negative marking means that when this buyer sets up an auction after this sort of occurrence, his rating will slide downward. Also, after 10 nos. of such occurrences, the buyer stands black-listed.

This is to ascertain that only serious buyers and sellers come on to the Steel Exchange. We want real businesses to benefit!

Feel free to reach us on +91 9810280671 or shoot an email at info@steelexchange.in our representative will be happy to walk you through the process and clear any doubts you may have.