Ecommerce Platforms Popular in Tight Market

The steel industry’s ecommerce platforms have drawn a lot of interest lately from buyers searching for material and sellers searching for the highest price. John Armstrong, president and CEO of Reibus, said his online platform is thriving despite—or perhaps because of—the tight market conditions. “The volatility drives buyers to look for new solutions. Our tool is built for volatility, providing buyers and sellers more market access.”

Atlanta-based Reibus is an online B2B marketplace for prime, excess prime and obsolete materials used in industrial, transportation and construction markets. Unlike other passive sites that merely list products, Reibus combines in-depth product knowledge and supply chain expertise to provide a full e-commerce experience to mills, service centers and fabricators. The platform matches supply and demand of metals while achieving greater reach, price performance and efficiency, the company claims.