Cold Rolled Steel Trade: DR Buyer & China Supplier

Buyer: Dominican Republic Buyer

Supplier: Chinese supplier

Platform: Routres Platform

Transaction Timeframe: ~2 days to confirm the deal and sign the contract by both parties

Order Type: Steel Purchase (Cold Rolled – CRC/CRS)

Quantity: 545 MT ±15%

Quality/Grade: CS Type B – ASTM A1008 / A568

Destination: CFR FO Rio Haina Port, Dominican Republic


Overview of the Deal

Dominican Republic Buyer required a bulk supply of Cold Rolled Steel with strict quality and delivery requirements under technical protocol. Instead of relying on traditional trading processes, they used Routres Platform to find a reliable supplier who can ship materials on time, provide credit and pay advances to the mill and close the deal faster.


Step-by-step process on the platform

  1. Buyer Created and submitted RFQ (Jan 23, 2025)
    Dominican Republic Buyer created and submitted their steel requirements, including quantity, grade, and delivery location, on the platform.
  2. Supplier Matching
    The system instantly matched the requirement with verified suppliers. Chinese supplier responded with offer.
  3. Multiple Supplier Offers Received: Seven verified suppliers responded to the request with their offers. The platform displayed all offers in a clear and comparable format, showing pricing and delivery timelines.
  4. Confirmation & Shipment
    The order was finalized within 2 days including signature of the contract from both parties. Vessel MV EURO BAND was nominated, with an aimed BL date of April 30, 2025.

Time Taken to Complete the Transaction

  • RFQ created and Quotes from suppliers provided within 12 hours
  • RFQ Confirmed within 24 hours
  • Contract Finalization signed by both parties : 48 hours

Benefits of Using the Platform

  1. Faster decision making: Traditional trading may take 1–2 weeks. The platform enabled Dominican Republic Buyer to lock the deal in 2 days.
  2. Trusted Connection: Chinese supplier was verified and reliable.
  3. Built in Communication: Seamless quote review, negotiation, and confirmation in one place.
  4. Secure Documentation: No offline paperwork. Everything—from invoice to BL—was exchanged securely.
  5. Payment Protection: Payments are secured. If an order is cancelled or not fulfilled, the buyer is eligible for a refund, ensuring risk-free trading.
  6. Freedom to trade anytime: Access the platform 24/7—place or respond to orders whenever it suits you.
  7. Save time-  Avoid repetition – Resend the same RFQs in just a few clicks.
  8. Go-to hub for an expanding network of buyers and sellers.
  9. Customer support: In case of issues, the platform offers dedicated customer support to resolve disputes or guide users.