FOR SELLERS — LISTING AUCTIONS
Turn Idle Stock Into Working Capital
Most engineering and alloy steel businesses accumulate material that is difficult to move through regular channels — leftover stock, surplus from cancelled orders, excess production, odd sizes or non-standard grades, off-spec material, or even regular production that needs a new sales channel. Without a platform like M-EX, this material is typically disposed of as scrap at a fraction of its real value, locking up working capital and warehouse space.
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Excess Production
Regular or trial production runs that exceed your current order book.
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Leftover & Surplus
Material left over from completed projects or cancelled orders.
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Odd Sizes & Grades
Non-standard dimensions, rare grades, or slow-moving inventory.
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Off-Spec Material
Material with minor deviations — still usable, but hard to sell through regular channels.
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Free Up Working Capital
Convert idle stock to cash. Stop paying storage costs on unsellable inventory.
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Small Lots Welcome
No minimum quantity. Split a large lot into smaller lots to attract more buyers.
How You Sell on M-EX
1
List Your Material
Submit grade, form, quantity, reserve price and TC data. Our team reviews and approves.
2
Offer Window
Registered buyers submit private offers. Accept, counter, or reject — you stay in control.
3
Live Auction
Verified participants bid competitively. Auction closes at your reserve price or above.
4
Deal & Payment
Identities revealed. GST invoice generated. Payment and dispatch arranged directly.
FOR BUYERS — BROWSE & BID
Source Verified Steel at Competitive Prices
Whether you need spot material, want to trial a new grade, source a rare specification, or benchmark market prices — M-EX gives you access to verified steel lots with real mill TC data before you commit a single rupee. Buyers consistently get better prices than regular market rates.
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Spot Buying
Source material quickly for urgent requirements without long lead times.
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Trial Grades
Try a new grade or specification in small quantities before committing to large orders.
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Verified TC Data
View real mill Test Certificates before registering — know exactly what you are buying.
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Better Prices
Competitive auction pricing often beats regular market rates for equivalent material.
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Identity Protected
Your identity is not revealed to the seller until a deal is closed.
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Any Quantity
No minimum order quantity. Buy exactly what you need.
How You Buy on M-EX
1
Browse Listings
View active listings by grade, form, quantity and location. Free to browse.
2
View TC Data
Pay a small view fee to access full TC data and register as a participant.
3
Make Offers or Bid
Submit private offers during the offer window, then bid competitively in the live auction.
4
Win & Deliver
Highest bid wins. Identities revealed. Arrange payment and delivery directly with seller.
FOR BUYERS — POST A REQUIREMENT (RFQ)
Need Specific Steel? Let Sellers Come to You
Can't find exactly what you need in active listings? Post a Buyer Requirement (RFQ) — specify grade, form, quantity, dimensions, and your ceiling price. Verified sellers register, submit quotes, and compete in a reverse auction to win your order. You set the ceiling — sellers bid down.
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You Set the Ceiling
Define your maximum price. Sellers can only bid at or below your ceiling — never above.
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Competitive Quotes
Multiple verified sellers compete for your order through a structured quote and reverse auction process.
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Exact Specifications
Specify precise dimensions, surface conditions, processing requirements and delivery location.
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Time-Bound Process
Structured periods ensure sellers respond quickly. No open-ended enquiries that go nowhere.
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Identity Protected
Your business identity is not revealed to sellers until you accept a quote or a deal closes.
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Verified Sellers Only
Only verified, GSTIN-registered sellers can register and quote on your RFQ.
How the RFQ Process Works
1
Post Your RFQ
Specify grade, form, quantity, dimensions, ceiling price, payment terms and required-by date.
2
Sellers Register
Verified sellers pay a view fee and entry fee to register as participants during Period 1.
3
Quote & Negotiate
Sellers submit private quotes. You can accept, counter, or reject — or wait for the reverse auction.
4
Reverse Auction
Sellers bid DOWN. Lowest valid bid at or below your ceiling wins. Best price guaranteed.
Why M·EX
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Real Mill TC Data
Every listing includes actual mill Test Certificates. No guesswork, no disputes about material quality.
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Verified Participants
All buyers and sellers are verified businesses with GSTIN. No anonymous or unverified listings.
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Time-Bound Process
Structured three-period process — for both listings and RFQs — ensures fair price discovery. No endless negotiations.
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GST-Compliant
Full GST invoicing built in. Tax Invoice, Deal Confirmation, and Receipt generated automatically.
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Identity Protection
Buyer and seller identities are protected until a deal closes. No spam, no direct solicitation.
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Transparent Pricing
All fees published upfront. No hidden charges. Pricing page shows live rates.