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Two years ago, Beijing Heijin Shikong Electronic Commerce Technology Co.
Steel-to-steel exchanges: riding the east wind of development
Ganglaigangwang was born out of Beijing Zeren Resources Co.
As one of the earliest entrants in the steel industry, Zerenhe realized the importance of technology early on, as well as the necessity of combining the futures of black commodities and risk management.
In 2008, Zerenhe established the International Trade Department to engage in the import and export trade of iron ore, steel and coke.
Nowadays, Ganglaigangwang inherits Zerenhe's more than 10 years of commodity investment experience and risk management experience, taking advantage of the popularization of big data and the application of artificial intelligence, and is the first to initiate the digital and intelligent transformation of traditional industries.
Dialogue with Wang Shiyu, the founder of Ganglai Gangwang
Wang Shiyu, the founder and CEO of Ganglaigangxiang, has more than 20 years of experience in steel trade operation and management and more than 10 years of commodity risk management.
What is the current market background of the steel industry? What are the pain points?
I think that the emergence of the industrial Internet is actually forced out.
The positioning of our steel-to-steel platform is also based on the understanding of the status quo and pain points of the black bulk commodity industry chain.
First of all, the black bulk industry chain is a field with a low degree of digitization in traditional industries, and information islands still exist, resulting in high circulation costs and low efficiency.
The lack of a unified standard between the interface with the logistics information system leads to the "self-administration and enclosing services" among enterprises, platforms and organizations, which makes it difficult to achieve information exchange and sharing, and low efficiency.
In the current freight market, there are problems such as mismatch of truck and cargo information, high vacancy rate of vehicles, and no-load return trips of drivers.
The empty driving rate of trucks is more than 40%, which is one of the important reasons for the high transportation cost.
Secondly, the unique attributes of black bulk commodities and the mismatch between supply and demand have led to large and unpredictable price fluctuations in the spot circulation market.
The factors that affect commodity prices include macroeconomics, monetary policy, exchange rate policy, export factors, raw material costs, steel mill output, market inventory, international markets, futures or electronic transactions, etc.
, and these factors affect each other, and price quotations are difficult to predict.
The price fluctuation of bulk commodities is a common risk, and the price difference between regions may be relatively large, and the operating risk is relatively large.
In addition, the black bulk industry chain is also facing pain points such as high pressure on midstream and downstream funds, difficulty in financing and high costs.
To break the prisoner's dilemma in these industrial chains, we must rely on new variables.
How do you position the steel-to-steel exchange platform? How do you think the industrial Internet + model will empower the steel industry?
Ganglaigangwang is a black bulk commodity smart industry internet platform constructed by a new generation of information technologies such as big data, artificial intelligence, the Internet of Things, and blockchain.
It empowers the industrial chain with the "technology + finance" two-wheel drive model, and contributes to the industry The upstream and downstream enterprises of the chain provide smart transaction, smart finance and smart logistics services, promote the digitalization and smart reconstruction of the industrial chain, and are committed to creating an ecological smart industry Internet platform that is co-constructed, shared, symbiotic, and win-win.
The logarithmic and intelligent reconstruction of the industrial chain of steel-to-steel transactions will form three major service systems: smart transaction, smart logistics and smart finance.
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