Mistakes in steel trading, including misidentification of grades and weight mismatches, lead to compensation cases, underscoring the need for precision in purchasing decisions to avoid financial losses.
One of the critical aspects to consider is including provisions that allow you to claim back the advance payment in case the seller fails to deliver as agreed.
Preventing the purchase of old or substandard steel products in the steel trade requires implementing a comprehensive quality control process and due diligence measures.
This post delves into the workings of deposit account services in the context of international steel trade and highlights the benefits they offer to both buyers and sellers.
This guideline provides a comprehensive framework for buyers to perform due diligence on Chinese sellers before committing to contracts or making advance payments. It address common red flags such as customer complaints, fraudulent companies.
Carrying out a pre-shipment inspection in the steel trade with China is an essential practice to ensure the quality, quantity, and compliance of goods before they are shipped.
Carrying out inventory inspections in the trade with Chinese steel traders is a crucial step to ensure the accuracy and quality of the goods involved. Here are the steps to successfully conduct an inventory inspection.
In the first half of 2023, the Chinese steel pipe industry has displayed remarkable growth in both production and export, defying some challenges in the global steel market. This report provides an analysis of the steel pipe production, exports, and the factors influencing this industry’s performance.
In the aftermath of China’s largest private property developer, China Evergrande, facing financial turmoil, the domino effect has reverberated through the closely linked steel industry. Amid the turmoil, an alarming wave of financial crises has hit the steel sector, which is intricately linked to real estate, leading to a slew of defaults.
To safeguard against the risk of non-delivery of goods in the steel trade with Chinese sellers, it is essential to adopt several precautions and follow best practices.
Counterfeiting steel in trade with Chinese companies typically involves deceptive practices aimed at misrepresenting the quality or origin of steel products. Here are several methods through which sellers may engage in counterfeit steel practices.
If a Chinese seller unilaterally raises the price in an international steel trade transaction, it can be a challenging situation to handle. Here are some steps you can consider taking to address the issue effectively.
Sourcing steel from China can sometimes expose you to various fraudulent activities.
