Steel Buy reaches £1M sales milestone in first nine months

Online transactions Steel Buy reaches £1M sales milestone in first nine months

11.09.2023 Source: Steel Buy Reading Time: 1 min

Related Vendors

HASCO Hasenclever GmbH + Co KG

creaform-ametek-logos-vertical-rgb (Creaform)

AMETEK GmbH Division Creaform Deutschland

Renishaw plc

Steel Buy, an online platform that facilitates the buying and selling of metals, has reported a £1 million turnover since its launch earlier this year. The platform has facilitated more than 300 transactions, enabling companies in the UK to trade mild steel, stainless steel and aluminium.

Steel Buy was the original idea of Cameron Sargeant, who came up with the idea of selling material online whilst working in sales for Thyssenkrupp.
(Source: Steel Buy)

The Steel Buy online platform allows sellers to list their materials, complete with product specifications, test certificates and prices per tonne. Buyers can quickly locate these listings, speeding up the buying and selling process. The service estimates that it saves an average of 37 hours per week in transaction time.

All transactions are anonymised, ensuring that sensitive data such as prices and stock levels remain confidential between buyers and sellers.

Terry Sargeant, CEO of Steel Buy, described the platform as more than just a marketplace for trading metals. He emphasised its role in modernising businesses and streamlining materials trading and distribution through digital means.

The concept for Steel Buy was originally developed by Cameron Sargeant while working in sales for Thyssenkrupp. The team assembled for the venture consists of 22 people from a variety of backgrounds including software, marketing, sales and engineering.

According to Terry Sargeant, the platform has benefited a wide range of users including mills, steel service centres, stockholders and traders. The average time from listing a material to delivery to the buyer is reported to be just three days, a significant reduction on traditional lead times.

Steel Buy has plans to expand its platform into European markets and aims to introduce new features based on user feedback. The company will also be making its first public exhibition appearance at the upcoming UK Metals Expo.

The platform has seen a 300 per cent increase in transactions over the last six months and, according to Terry Sargeant, aims to become the largest global online marketplace for the metals industry..

(ID:49694349)

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Business E-mail

Please enter a valid mailadress.

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy.

Stand vom 23.03.2021

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planckstr. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://support.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.