Online marketplace Steel-screen has expanded operations by offering e-business technology services to the metals industry.
The Stockholm-based ex- change will market industry-specific solutions under the banner of Corporate Trade Net.
Steelscreen said it had identified strong demand among metals business for the integration technologies it uses on its main marketplace — Steelscreen.com. The B2B venture is now looking for IT partners to extend its delivery capability.
Steelscreen claimed that enabling users to increase its own e-business capability would not undermine the main site’s position as an intermediary.
‘Corporate Trade Nets do not substitute but complement business on the independent marketplace,’ said chief executive David Schelin.
The company also announced it has secured a new round of funding from Reuters, Techbank and Prime Technology Ventures.
Schelin said the funding obtained had taken the marketplace into profitability and would let it pursue its twin strategy.