OREANDA-NEWS. December 14, 2011. Baosteel signs e-commerce strategic cooperation agreement with Kunming Steel Holding. Through Bsteel Co., Ltd. e-commerce service platform and operating experience, the two sides will together promote B2B e-commerce implementation and application in the Kunming Steel Holding and provide support for Kunming Steel Holdings' purchase, sale and supply chain collaboration, reported the press-centre of Baosteel.

Kunming Steel Holding travel and office supplies procurement, ferroalloy procurement system platform go on-lines on the same day, and the first transaction is completed. This is the first time that Bsteel e-commerce platform is comprehensively carried to the social market.

Over the years, Baosteel actively explores the steel and related industries' e-commerce applications. By learning Baosteel purchasing and selling practice, Bsteel forms third-party centralized shared e-commerce solutions, application environment and professional service capabilities which is of leading position in large manufacturing industry. Its application areas have gradually expanded and it has a high influence and reputation in the field of B2B e-commerce.Previously, it has established single business partnership with customers in the field of steel, heavy equipment manufacturing, chemical industry, new energy, and non-ferrous metals.

Kunming Steel Holding is a large enterprise group with iron and steel metallurgy, coal chemical industry, mining development and heavy equipment manufacturing as one. It has annual output capacity of 7 million tons of steel and is Yunnan's largest steel production base. With the increasingly fierce competition in the steel industry, Kunming Steel Holding has increasingly urgent demand on efficient and standardized operation mode and e-commerce is an effective means to achieve this requirement.Kunming Steel Holding has done some preliminary exploration in e-commerce platform building, but it does not have experience in the actual operation and business flow. It hopes to enhance Kunming Steel Holding operational efficiency through mature third-party e-commerce platform.

Under the agreement, Kunming Steel Holdings will use the e-commerce platform to carry out online procurement of alloy steel, metallurgical materials, general supplies and travel and office supplies, online sales of chemical-related products, steel scrap and and waste products. It will achieve procurement, sales and supply chain collaboration business e-commerce operations.In addition, Bsteel will continue to provide Kunming Steel Holdings with business consulting, process optimization, platform configuration, application inputting, customer training and network marketing. This will help Kunming Steel Holding to improve the business operating model and management processes and enhance the efficiency and service capabilities with the minimum cost and in shortest time.