Stainless Steel Auctions; News

[auctiondata@buystainlessonline.com]

StainlessOnly! is a weekly magazine featuring important news from the 
stainless steel world.

PRIME AND SECONDARY STAINLESS STEEL- Inquiries welcome!
We also have a stainless steel auction running:
visit: www.buystainlessonline.com

Before We Begin:
Please forgive us for missing the last several weeks! We have been conducting 
some very major site
renovations that have proven to be quite exhaustive! We look forward to 
getting this newsletter out to all
of you............. ALSO: Auction Format is finally ready for quantity 
postings!  We still have some major
additions to make, but you should all be able to understand the items as well 
as the auction functionality.
As always, we are open to any suggestions that our users may have. 

(by the time everyone gets this, there should be over 3000 items for bid!)
at the time of this letter we had:
94 Pipe items,
2 Plate items,
3 Pup Coils,
1 Round Bar item,
1 Sheet Item,
1 Slit Coil,
2 Tubing items,
and 1 Master Coil.
(by the time everyone gets this, there should be over 3000 items for bid!)

Scrap Pricing (Philadelphia):
Scrap has remained in a constant climb, holding around $40.00cwt, we expect 
to see more of an increase in the coming weeks...
To report scrap in your area, email me and I will put it in the news letter 
next week.



Metals USA forms Web business unit
By John E. Sacco (www.amm.com)
PITTSBURGH, March 1 -- Metals USA Inc., Houston, has formed a new business 
unit, i-Solutions, which is expected to further develop Metals USA's 
integrated supply services and Web-based e-commerce initiative.

At the same time, the company also named Jim Collins president of the unit.

"In servicing our Department of Defense contract, Metals USA utilizes a 
sophisticated online ordering, procurement and tracking system we developed 
for integrated supply services," said J. Michael Kirksey, president and chief 
executive officer of Metals USA. "We formed I-Solutions to expand this 
capability to other customers. To support our business-to-business e-commerce 
efforts, we engaged Oracle Corp., which has extensive experience developing 
technologies for recognized e-commerce leaders."

Yardley, Pa.,-based i-Solutions will offer a single point of contact, a 
Web-based order fulfillment system and the ability to accommodate customers 
who need a unique format or have complete procurement requirements. On-line 
customers interactively shop and place orders in a shopping cart modeled 
after those used by dot.com retailers.

Metals USA has offered integrated supply services and Web-based e-commerce 
with the U.S. Defense Department since March 1998. The company uses Oracle 
Corp. technology to build on the supply system it created for the military.

Collins has led the development of Metals USA's e-commerce initiative since 
1998.

Previously, he was vice president of sales and marketing of Metals USA's 
heavy carbon steel group. He began his career with Metals USA-Interstate 
Steel Supply in 1976 and has served in various sales and marketing positions.

"Our i-Solutions initiative is designed to promote high-end customer service 
for processed metals by allowing our customers to leverage purchasing power, 
reduce overhead and better manage costs," Kirksey said. "By saving time and 
reducing errors, our i-Solutions initiative will allow our customers to move 
closer to a true just-in-time inventory system than ever before. We believe 
this platform establishes the foundation for the processed metals supply 
chain of the future."

<Web Watch, From Amm.com's Philip Burgert>

www.metalsite.net  (it's about time!)
Pittsburgh-based e-commerce marketplace MetalSite has added secondary 
flat-rolled stainless steel from J&L Specialty Steel Inc. to its catalog and 
also is offering an e-commerce library with a series of downloadable papers.

www.theminingweb.com
South Africa's Moneyweb Holdings has launched theMiningweb.com, an 
Internet-based publication providing mining and metal news, analysis and 
other services.

www.materialnet.com
Business-to-business raw materials marketplace MaterialNet, Great Neck, N.Y., 
has rolled out a "Beat This Price" auction option allowing buyers to add a 
starting price to other "request for quotation" requirements.

http://www.state.gov/www/global/human_rights/1999_hrp_report/
The United Steelworkers union (www.uswa.org) has called attention to the 
Chinese content in the U.S. State Department's newly released country reports 
on human rights practices as part of its campaign to halt China's admission 
to the World Trade Organization.


Philip Burgert is News Editor-Europe based in American Metal Market's London 
bureau. E-mail multimedia-related metals news updates to him at 
philip.burgert@rbi.co.uk.


NICKEL
1st session
Cash    10,305.00  10,310.00*  9,775.00 . 9,785.00* . 530.0
3 mos.  10,040.00  10,045.00   9,660.00 . 9,670.00 .. 355.0
2nd session
Cash    10,410.00  10,420.00   9,775.00 . 9,780.00 .. 105.0
3 mos.  10,170.00  10,180.00   9,685.00 . 9,690.00 .. 130.0
        STOCKS     35,250      STOCKS     35,502



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