Scrap Connection platform to start with ferrous trading

Scrap trading platform Scrap Connection will begin with ferrous material trades when it is launched on Thursday July 12, a spokesman for the company told Metal Bulletin.

The company said last week that it will launch an online marketplace at 15:00 local time on July 12 at the Amsterdam Stock Exchange.
Transactions will involve the seller putting material up for sale on the marketplace. Buyers will then bid on this in real time while the auction takes place.

The seller will be under no obligation to accept the highest bid or to sell the material “online”. It will be able to choose the winning bidder and settle the trade offline if it wishes, the...


July 12, 2012

08:52 GMT