M-EX was built because the way industrial metals get traded in India is broken. No structure, no transparency, no paper trail. Just brokers, WhatsApp forwards, and hope.
A stockist calls his broker. The broker calls three buyers. Each buyer gets a different rate. Nobody knows what the material actually cleared for. The seller wonders if he left money on the table. The buyer wonders if he overpaid. The broker pockets the difference and moves on.
This is not a market. It is a network of relationships with pricing hidden inside it.
Buyers compete openly. Reserve prices stay private. Every deal generates a formal Deal Confirmation. The three-period auction process gives both sides time to evaluate, negotiate, and then let the market decide the price. It works for steel, aluminium, copper, and any industrial metal where surplus stock needs to move and buyers need to source competitively.
For buyers who know exactly what they need, M-EX also supports RFQ-based procurement. Post your requirement with grade, size, quantity, and location. Verified sellers compete to supply it. The lowest qualifying offer wins in a reverse auction.
M-EX is built and operated by GTE, a software firm specialising in algorithmic trading systems. The platform is purpose-built for industrial metal procurement, not adapted from a generic marketplace template.
One goal: give India's metal trade the infrastructure it has never had.
List surplus stock, source material, or participate in structured industrial auctions. Register free and see what is available today.