Tata Steel and Metaljunction signed an agreement under which Metaljunction will collect and sell a range of secondary steel products, byproducts and obsolete capital goods and spares of Tata Steel.
With the agreement, Metaljunction combines online selling over the internet with a physical infrastructure of warehouses and the complete responsibility of logistics and payment collection.
In a release, Tata Steel said the selling of secondary steel products was not a core activity for Tata Steel and bringing in a partner that could unlock value by using information technology and the internet to provide a higher level of service to existing and new customers.
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