First transactional b-to-b steel portal goes live

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New York--e-Steel Corp. has launched the first Internet-based transactional steel portal ( Companies can buy and sell steel over the password-protected and encrypted site, which went live Monday. In addition to transactional features, the steel portal includes market news, forums and industry reports. Participating companies need to undergo a review process that includes a credit check before being allowed to use the site. e-Steel is among a handful of companies, including VerticalNet, Horsham, Pa., that are looking to tap the burgeoning b-to-b online transactional marketplace.
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