Steel net financing for $20 million will cut into the supply chain finance

[Abstract] joint investment by the Swiss capital and get the iron and steel Rui Mao, the electricity supplier in the field of the latest round of financing.

 

Tencent

technology news (Le Tian) October 27th news, focus on third steel trade electricity supplier steel network "before officially announced by B round of financing of $20 million, but could not confirm the specific amount of financing science and technology Tencent.

"steel network" the financing of joint investment by the Swiss capital and Rui mao. This is the recent steel electricity supplier in the field of the new round of financing, the beginning of steel just announced the completion of $100 million D round of financing by the IDG capital, Huasheng capital investment area.

Test and extension service team "

steel network" said this round of financing will be mainly used for the depth of the market development, product team and line expansion and trading platform for system development, supply chain finance.

data show that the steel network was established in May 2006, registered capital of 12 million yuan, formerly known as the "steel spot network China steel become the largest steel industry platform for the network now, in steel trading, market information, technical services in one.

after 9 years of development, the "steel network" online also added twelve including Shanghai, Guangzhou, Hangzhou, Tianjin, Tangshan, Changsha, Zhengzhou, Handan, Wuxi, Wuhan, Chengdu, Shandong service center.

July 2014, steel net for venture capital institutions Bertelsmann $ten million A round of investment after the start of generation operation business operation, has said that the average daily trading volume of 150 thousand tons. Steel and steel network for the network are matching business, but to find the main steel network to self.

said the steel net CEO Zhang Junzhen told the Tencent technology connection, although the steel industry in the overall economic downturn, a substantial decline in the price, but the demand is still not decline, 7.2 tons is usage in 2013, 2014 is 8.3 tons.

similar steel for the network, looking for steel network is more to help steel enterprises trade circulation." Zhang Junzhen pointed out that in the case of the economic downturn, self mode is easy to cause inventory backlog, but also more sensitive to price fluctuations, will cause losses to the steel electricity supplier companies.

The benefits of

generation mode of operation is that, due to the transaction is not involved, you can avoid greater impact by the economic environment. Of course, the profit itself can not be too rich, steel for the network is greater imagination in the supply chain finance, etc..

at present, due to the poor economic situation, a large number of iron and steel traders to reduce, from the peak of 300 thousand people down to 10 to 150 thousand people.

Zhang Junzhen said that although the total number of traders to reduce by half, but left behind is really doing trade. The original steel trade who do a lot of related transactions, cash from the bank to the real estate stocks, this group of people have dropped out of the iron and steel market. < >

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