Bryzos is the new online marketplace that facilitates between buyers and sellers for the exchange of steel. Bryzos was founded and developed by steel industry veterans who wanted to change the way steel was being exchanged. Bryzos includes steel pipe, tube, coil, plate, fittings, and flanges. Bryzos has constructed the transaction flow to imitate the way transactions are conducted today via phone, email, or even fax. The Bryzos founders took an enormous amount of time and energy to create this new marketplace. Bryzos is positioned to change the market structure by putting the buyer and seller in direct contact with each other.
There are two different ways to buy in the Bryzos marketplace: search the listings or by using the Bid Blaster. The Blaster is an online negotiating tool that was designed to show how steel should be sold. There are a few steps when using this Blaster such as entering your bill of material (BOM), enter specifics about the deal, and then by submitting the BOM to the marketplace. Once in the marketplace, dozens of suppliers will compete for your business. You will then get quotes back from suppliers. The best feature from the Blaster is that you are able to counter/ reject/ accept what offers from the sellers will best fit your needs. For example, a buyer might have offers from many different sellers for API Specification 5L but only one is the right option for his or her needs, so the buyer will accept that offer from the best option. The Blaster also has a time limit which is like an auction in a way. This benefits both the buyer and the seller as the deal gets done.