SteelSalvor Delivers Immediate Buying Opportunity with 'Instant Purchase' Option

Online Auction Site for Metals Industry Adds Feature Allowing Buyers and Sellers Quick Turnaround on Secondary Steel Offerings

NARBERTH, Penn., Sept. 6 -- SteelSalvor, the only auction site that provides the metals industry with unequaled expertise involving marketing solutions online, today announced the addition of its "Instant Purchase" option. Available now, this new feature will give buyers and sellers on the site the opportunity to move quickly on desired lots of secondary and excess steel and to lock out their competition.

At SteelSalvor.com buyers will find the most effective method of buying or selling prime, excess, slow moving or aged inventory, salvageable, and off- spec steel products. Every category of steel possible is available on the site -- from galvanized coils to re-bar, from stainless pipe to hot rolled plate.

"Our online auction model lends itself perfectly to 'Instant Purchase,'" said Scott Shapiro, CEO of SteelSalvor. "Additionally, our expertise in pricing steel makes it a valuable solution for buyers who want to purchase the lots they need quickly and at the right price without having to wait through the auction process."

Much like options on other auction sites, buyers on the SteelSalvor site can choose the pre-set price and instantly take the desired lot off of auction, or they can bid on the metal as they had done in the past. In the first five months of this year, SteelSalvor has posted 355 new auction listings representing 57,000 tons of various types of steel.

"The interest in what SteelSalvor can do has been explosive," Shapiro continued. "We are working with companies all over the world to maximize their transactions on the site." In addition to companies like Fortis, one of Europe's largest financial institutions, SteelSalvor works with automotive and large white goods companies on the seller side, as well as metal service centers. Hard line steel industry veterans are now seeing the benefits of working with SteelSalvor and are using the site.

"My goal is for SteelSalvor to be the number one place to buy steel worldwide," said Shapiro. "As we continue to grow the site and add new features, more and more companies are seeing how we can fit into their sales cycle."

About SteelSalvor

SteelSalvor.com is an online auction site specializing in surplus and salvageable steel and other metal products. SteelSalvor provides a safe and reliable site to buy steel at a fair price, helping suppliers turn inventory into cash. With a focused database of more than 5,000 potential buyers and sellers, SteelSalvor is transforming the way companies buy steel. For more information, please visit http://www.steelsalvor.com/.

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   Mary Frances Bishop                           Jane Munkelwitz
   Lois Paul & Partners                          Lois Paul & Partners
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   bishop@lpp.com                                jane_munkelwitz@lpp.com