5 Key Qualities You Should Look for in Steel Suppliers

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When sourcing steel for your business, the bottom line often comes down to how to find a quality product at the right price and at the right time. Sourcing is far more intricate than the mentioned. Selecting a reliable and top steel supplier can be a game-changer for your business. In a nutshell, there are 5 qualities you should look for when searching for a steel supplier.

1. Global Experience + Local Expertise

Global sourcing has unique advantages that cannot be replaced, specifically when it comes to steel. As shown in this latest steel market outlook report, China accounts for over 50% of the world's steel production. Many steel users import their supplies from China, India, and other key steel-producing countries for maximized benefits. Getting steel supplies overseas is an increasingly popular trend, especially for those who need consistent and large volumes.

That being said, it's not easy to find global suppliers who can also meet your needs from a local scope.

Firstly, the most common issue, the language barrier, comes to mind. Also, overseas companies may not be that well versed in the local market. That's why it's important to select a supplier that has local team members with in-depth knowledge about the market, preferably a local office.

CUMIC Steel, led by globally experienced management, has a culturally diverse sales team in multiple branch offices around the world. We have local offices in over 10 countries & regions including the U.S, Canada, UAE, South Africa, Thailand, Vietnam, Chile, Peru, Belgium, etc. with experienced traders. With the help of these local experts, the language & cultural barrier can be minimized to zero.

2. A Strong Supply Network of Manufacturers

This is a must for any business that requires a consistent supply of quality steel.

There are countless manufacturers out there, making endless types and grades of steels for various applications. However, it doesn't happen often when a supplier can integrate all these manufacturers' resources and provide an all-in-one package readily available for you.

For example, take a look at the 50 top steel-producing companies according to Worldsteel. CUMIC has long-term cooperation with 9 out of the 10 top steel mills in the world. In addition, our supply network expands to over 200 mills worldwide, including many exclusive agreements with leading manufacturers.

In addition, as an extremely versatile material, steel serves different functions in countless industries, and every steel using scenario may have its own specific demand for the material. Sometimes, standardized production and processing might not be enough for your business, and that's when customization comes in handy. Apart from exclusive agreements with top quality mills, we can also customize orders tailored to your needs, and help you get just the right type of material needed.

3. Technical Support and Market Intelligence

A mediocre steel supplier provides the basic: a steel grade that meets a minimum standard. A great steel supplier is way more than that. Although there are many reputable suppliers in the marketplace, few can offer technical advice or even application knowledge for the challenges many manufacturers face today.

What you should look for instead, is more than just a supplier, because you'll find life incredibly easier when your supplier can consult with you to address downstream operations and final application performance. A trusted steel supplier is prepared to have in-depth discussions with you to provide various suggestions and help you make the right decision for materials and technical services, rather than suggest the easiest or cheapest option.

With the right type of steel supplier, you not only find a good supplier, but also a consultant that can provide much more than the product itself to you.

At CUMIC, we have team members well versed in different types of products and downstream applications. Many come from academic and professional backgrounds of metallurgy, machinery, and have decades of experience working for top steel mills. What you'll find here, is a group of experts who know what they're selling.

Apart from the technical side, CUMIC even has professional market intelligence services.

l  We offer steel market analysis reports to our customers on a regular basis.

l  We have constant updates of industry news, data, and market insights on our social media channels like our LinkedIn and Facebook page.

For example, you can download our latest market intelligence report, Global Steel Market Outlook , written by our professional team.

4. Demonstration in Consistent Quality

A commitment to quality and continuous improvement is an essential quality you should be looking for in a partnership. Your steel supplier should demonstrate a commitment to providing you with consistent, quality products that exceed your expectations. It's easier said than done, so look for their credentials to make sure they're legit.

For example, they should maintain a quality management system in conformance with their ISO : certification (view our certification here)

Information pertaining to customer experiences (like a customer feedback report, or the type of past projects they have participated in should be readily available.

CUMIC's commitment to quality is also based on how we handle quality control:

• In fact, over 55% of our orders have undergone strict inspection by globally known inspection organizations such as SGS, Bureau Veritas Group, and Intertek, with who we also signed a strategic alliance.

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• Over third-party inspection reports are provided per year.

• We closely supervise the production process of mills with sampling inspection.

    5.  Long-term Strategies

Anyone that works in raw material sourcing knows, it takes A LOT of work to select a new supplier, and it's even more of a nuisance to switch steel suppliers.

For the procurement of industrial goods, consistency is key, so look for a steel supplier that has a clear long-term strategy.

You want a steel supplier who thinks big and commits to providing long-term solutions, rather than someone who's in the business for some quick cash without consistency.

When it comes to long-term strategies, you can check out your prospective supplier's company history to see how they've evolved, and also see their visions & missions to get a taste of their company culture as well as strategic plans.

More than a Supplier: Look for an All-in-one steel solution provider.

A great steel supplier has the ability to provide a complete solution to the problem and work with you to identify the manufacturing challenges you have. These suppliers not only provide quality products, but also aid you in the manufacturing process and can help you to select the right material for the job.

CUMIC Steel has been serving the global market for over 15 years, with extensive experience in steel solutions for various sectors. With the vision to &#;Build the future with steel+&#;, we strive to build partnerships made of steel to connect the supply chain and be the agile partner who can give customers expert advice.

The pace of innovation is rising in this changing industrial landscape, and we have never stopped leveling up our services to exceed your expectations. Get in touch today to open up new horizons through dialogue, to let us be your trusted partner!

 

Know how to buy steel online? This detailed steel buying guide will take you through the process of purchasing steel online (and offline). It discusses the best practices to order steel online, things to check, importance of quality checks and more. It also shares tips to buy steel online in India and how you can ensure that you can build a successful long-term relationship with suppliers.

So, you want to buy steel online in India for your construction, engineering, and infrastructure development projects, but are wondering where to start?

Do you contact the top steel manufacturers and procure steel from them directly? Or is it advisable to contact local steel wholesalers and suppliers and purchase from them (for discounted rates and ease of transportation)? Why not try an online steel marketplace? The options are numerous and deciding on the best buying option can be daunting. This online steel buying guide will help you get answers to common questions, share tips and strategies, and help you in making an informed business decision.

Steel buying guide (online) in India

The uses of steel metal are numerous. It is used in automotives (vehicles), home appliances (refrigerators), medical devices, cutlery and utensils, construction projects (buildings, dams, bridges), tools (screws, hinges), and more. Not surprisingly, the growth of the steel sector in India and worldwide has been scaling with new demand for steel across industries.

How (and where) to buy steel online?

The first thing you must understand about purchasing steel online and offline is that there are different kinds of steel metal available in the market and there are multiple ways to procure them.

Some of the reliable ways to buy and sell steel online and offline are:

• Steel marketplaces:

There are websites, b2b marketplaces and online marketplaces where you can buy and sell steel. These online platforms allow suppliers/sellers to list their products and prices and get direct enquiries from buyers. Though these platforms verify the seller profiles to keep the marketplace authentic and reliable, it is recommended that buyers personally check the credentials and reliability of the seller/supplier.

• Direct manufacturer (and allied wholesalers/distributors):

This is a given. As a steel buyer, looking for the best prices to buy steel online, you can always visit the website of the manufacturer, fill in the enquiry form, negotiate with the sales representative, and buy steel as per your requirements. Buying from top steel manufacturers directly comes with lesser risks though it limits your options of supplier selection.

There are also authorised distributors and wholesalers at the state/city/district level to make the procurement and purchase process more convenient and efficient.

Did you know? There is an alternative way to buy steel at the best prices. Try

There is an alternative way to buy steel at the best prices. Try Tata nexarc to buy steel , a B2B platform that offers you different grades of steel from verified sellers available with easy credit options. You can get the best rates on steel TMT bars, HRC, corrugated sheets, channels and angles, or simply post your requirement and get a call back. No need to compare different supplier rates or terms. One platform for all your steel requirements. Try now.

Buy steel online India: Process and tips

Before you place an online steel order and make a purchase, let us look at some key points to keep in mind.

• There are different types and grades of steel available, each suitable for specific projects. Know your needs before you buy.
• If you have an extensive requirement with delivery timelines spread across months, consider selecting multiple suppliers to minimise risks.
• Procurement process improvement should be a continuous activity. Review existing vendor/supplier relationship and revisit your terms of contract.
• Understand that quality comes for a price. As such, though pricing is important, don&#;t compromise on the quality of steel purchased for price.
• Online steel rates in India are dynamic and affected by multiple factors including exports, taxes, location, inflation etc. Always check for today&#;s steel price before initiating discussions with suppliers.

With that, let us take a closer look at the process of buying steel online and some strategic tips to keep the steel buying process hassle-free.

1. Define your requirements

The first step in any buying process is to define your requirements. What type of steel are you looking for? What is the quantity of steel required? What are the delivery schedule timelines? How will the steel be transported to its destination? What&#;s the project budget? In short, what purpose will be served?

For instance, if you need to build agricultural equipment and machinery like harvesters and tractors, use hot rolled coils (HRC) for its strength and formability. It is also suitable for building railroads, guardrails, and in shipbuilding. It&#;s malleable and affordable.

Pro tip: It is a smart business practice to have the procurement manager collect requirements from different departments at regular intervals. This will allow procurement to negotiate better prices, delivery dates, and terms with suppliers.

2. Make quality the key deciding factor

Steel has a number of applications. For instance, steel sheets application can be seen across the food industry (stainless steel in making kitchen utensils), construction (cold rolled steel for building steel sheds/garages), agriculture (galvanised steel for greenhouse equipment), pharmaceutical, shipping and other sectors. What matters here is the quality of steel being procured.

As such, when you buy steel online, always ask for certificates from authorities. All steel suppliers/manufacturers will have some of the common certificates which means that the quality of steel they are selling has been quality checked and tested, is safe for use, and adheres to the established standards.

Some of the certifications for steel you can look for are:

• BIS Certification (Bureau of Indian Standards) i.e., the National Standards Body (check IS code for steel)
• ISI mark for industrial products (Indian Standards Institution)
• ISO certification/seal of approval (International Organization for Standardization) e.g., ISO : for quality management

Pro tip: When looking for certificates, check the dates. Also ask for other certificates (if applicable). With development in the technology space, many steel manufacturers are adopting lean technology to make the steel manufacturing process agile, effective and of the best quality.

3. Buy steel from reputed brands only

A key element to the online steel buying guide is to find and buy steel from authentic, reputed brands only. Whether you are buying directly from the manufacturer or through a local wholesaler/retailer, the idea is to buy from known brands. These manufacturers can be expected to follow the prescribed guidelines and procedures, perform quality assurance tests, and ensure that you are getting value-for-money on your online/offline purchase of steel metal.

Not all steel manufacturing brands are the best for all types of steel. Some specialise in a type of steel. There are manufacturers who are known for selling quality corrugated roof sheets, whereas there are others who are leaders in steel channels. Also, not all manufacturers have their market spread across all regions. Nor do all sell small order quantity online. Check on these details before purchasing.

Pro tip:  If your project requirements are varied, you may consider working with different manufacturers. While this will require multi-level coordination from your end, it will also ensure that you get the best quality of steel by type for your project. Alternatively, connect with us at Tata nexarc to find all your diversified steel requirements in one place.

4. Check for prices

How much does TMT bars cost by kg/tonne in India? What&#;s today&#;s price for hot rolled coils? What&#;s the price of steel coils?

Whether you are buying steel online or offline, it&#;s given that you will enquire about the price of steel. Here are some key points to keep in mind when you buy steel online:

• Steel prices change frequently
• Based on the city/state you are buying from, the rates will vary because of additional taxes (e.g., GST)
• Steel can be bought by kg, tonne, and per piece
• All steel types have sizes and the rates vary based on the size e.g., TMT bars come in 8mm, 10mm, 16mm, 20mm, etc. And the rate changes based on the size
• Cost of steel will change marginally between brands, wholesale and retail prices
• Always check for daily steel prices in India, and steel price in the last 3 months
• There are packaging and transportation/freight charges added separately that impacts overall price of steel

In addition to these key points on steel pricing, also check for the payment terms when buying steel, i.e., advance payment, full payment, credit options, etc.

5. Additional support available

Support and guidance in purchasing steel can refer to many things. It can refer to prompt response to customer queries, after sales support, guidance on buying the right type of steel, support for availing business loans for purchasing inventory, logistics and transportation support &#; in short, the ability of your vendor/supplier to add value to the entire buying experience.

In general, most suppliers will be able to provide customer support and value-added services in some form or the other. , , and messaging channels are the most preferred form of communication. This gives customers the option to connect with the supplier through different channels based on need and accessibility.

Closing thoughts: The online steel buying process

The rise of eCommerce business in India has had the online buying process effortless. While it has enabled B2B and B2C audiences to save time, money, and effort, it has also led to critical questions on security, quality, credibility etc.

So, when you check online steel rates in India to buy steel, the rules are the same. Verify, validate, and ensure all the important checkboxes are ticked. Also, remember, buying steel is not a one-time activity. Infrastructure development, construction, and engineering projects are long-term projects. So, it&#;s imperative that you trust your steel supplier in terms of quality, prices, and meeting scheduled delivery timelines.

As a best practice, work with 2-3 suppliers to mitigate risks and consider using demand aggregation for steel procurement for efficiency and cost advantages.

Author: Sohini Banerjee

Sohini is a seasoned content writer with 12 years&#; experience in developing marketing and business content across multiple formats. At Tata nexarc, she leverages her skills in crafting curated content on the Indian MSME sector, steel procurement, and logistics. In her personal time, she enjoys reading fiction and being up-to-date on trends in digital marketing and the Indian business ecosystem.

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