What is lead time in metal supply?
Related Terms
Metal Service Center
A metal service center is a distributor that buys metal in large quantities from mills and resells it in smaller quantities with value-added processing such as cutting, sawing, and slitting.
Request for Quote(RFQ)
An RFQ (Request for Quote) is a document a buyer sends to suppliers asking for pricing on a specific material, quantity, and specification. It is the standard first step in B2B metal purchasing.
Minimum Order Quantity(MOQ)
Minimum order quantity (MOQ) is the smallest amount a supplier will sell in a single order. Metal service centers may set MOQs by weight (e.g., 100 lbs) or dollar value.
Steel Distributor
A steel distributor purchases steel from mills and resells it to manufacturers, fabricators, and machine shops. Also called a steel service center, they stock common grades and sizes for fast delivery.