TechESteel unveils digital marketplace for steel buyers and sellers

TechESteel, a digital marketplace for steel trading, has launched a platform aimed at streamlining procurement and financing for businesses, particularly small and medium enterprises, through secure transactions, transparent pricing and integrated funding solutions.

A key feature of the platform is its payment and settlement mechanism, with all transactions to be cleared and settled through NCDX e-Markets Limited (NEML). The arrangement is designed to provide payment assurance and reduce counterparty risks in the steel trade.