POSCO Inter, Establishes Online Steel Products Sales Corporation
POSCO International has been operating the online steel product sales platform SteelTrade since 2019.
[Asia Economy Reporter Choi Dae-yeol] POSCO International announced on the 7th that it has established eSteel4U, an online sales corporation specializing in steel products. Previously, it had been operating the online sales platform SteelTrade since 2019, but to expand it into an integrated platform encompassing financial and logistics services rather than just a simple sales channel, the company decided to establish a separate corporation.
In addition to POSCO products, it also handles products from other companies such as rebar and steel pipes. It operates a brokerage system linked to processed product sales through designated coil centers. This allows users to immediately access listing information, saving time and costs spent on comparison. It is also expected to prevent price confusion that had occurred in the offline distribution market.
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The company stated, "The steel distribution industry has faced difficulties in securing inventory due to the Chinese government's steel export restriction policies, but if the online market is activated, the supply and demand shortage will be resolved."
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