Economy
Reibus Adds Long Products to its Online Offerings
Written by Tim Triplett
May 25, 2021
Reibus, the online metals marketplace, now offers long products as well as flat rolled, sheet and plate products.
Reibus (www.reibus.com) is an independent SaaS-enabled marketplace that utilizes technology to match buyers and sellers and to solve ingrained supply chain problems in the industrial material market.
“With momentum building and partnerships forming throughout the metals industry, we felt the urge to continue to grow our product portfolio,” said John Armstrong, CEO and founder of Reibus. “The partnership and trust from our customers helped us bring the entire long products category onto the Reibus platform and expand our ability to deliver value to the market.”
Founded in 2018, Reibus claims it has helped hundreds of customers by reducing lead-time, improving inventory, and streamlining finance and freight services.
Tim Triplett
Read more from Tim TriplettLatest in Economy
US housing starts gain momentum in July
US housing starts rose in July both month-on-month and year-on-year, according to figures from the US Census Bureau.
Manufacturing in New York state improves again in August
Business activity in New York state improved modestly in August. It was just the second positive reading for the general business conditions index in six months.
President Trump intends to set additional steel tariffs
While boarding Airforce One on Friday, US President Donald Trump stated that he would be setting more steel tariffs and putting ~100% tariffs on semiconductors and chips.
Hot-rolled spot market conditions linger, prices slip
Market participants said they have high hopes that the stable hot-rolled spot market will improve as the year rolls on.
Dodge Momentum Index surges in July
The Dodge Momentum Index (DMI) jumped 20.8% in July and is now up 27% year-to-date, according to the latest data released by Dodge Construction Network.