How does escrow for metal trade in India work on LohaLink?

Every trade on LohaLink is settled through an RBI-compliant nodal escrow account. The buyer's funds are locked in escrow before the seller dispatches the consignment, and released to the seller only after the buyer confirms receipt and quality at the weighbridge. This eliminates bad debt risk in the scrap business and removes the need for post-dated cheques (PDCs) or letters of credit.

How are GSTIN and KYC of buyers and sellers auto-verified?

LohaLink uses live GSTIN auto-verification APIs to validate every buyer and seller against the GSTN database in real time — checking legal name, registration status, principal place of business and filing history. PAN, bank account and beneficiary name are matched via penny-drop bank verification, so only GST verified scrap dealers and verified sponge iron suppliers are allowed to transact.

How are weighbridge disputes resolved in scrap trading?

Weighbridge disputes are handled through tamper-evident dharam kanta receipts, geotagged loading photos and AI scrap metal grading. If the buyer's inbound weighbridge differs from the seller's outbound by more than the agreed tolerance, LohaLink's dispute resolution team reviews the digital trail, mediates a fair settlement, and adjusts the escrow release accordingly — usually within 24–48 hours.

What makes secure payment scrap trading on LohaLink different?

Funds never touch LohaLink's books — they sit in a regulated nodal escrow at a partner bank. Combined with GST-verified counterparties, AI quality grading from yard photos, and a documented audit trail for every truck, secure payment scrap trading on LohaLink delivers zero-risk B2B metal trade for foundries, rolling mills and verified scrap aggregators.

Which materials and steel hubs does LohaLink cover?

LohaLink is a B2B metal scrap marketplace covering HMS 1, HMS 1 & 2 (80:20), shredded steel scrap, CI scrap, MS turning scrap, sponge iron (DRI), MS billets, pig iron, ingot and ferro alloys — across Durgapur, Kolkata, Jharsuguda, Raipur, Asansol, Mandi Gobindgarh, Jalna, Alang, Ghaziabad and other major Indian steel hubs.

About LohaLink — B2B Scrap Metal Marketplace India

About LohaLink

Transforming India's Metal Supply Chain.

LohaLink is India's reliable B2B metal scrap marketplace — connecting direct iron scrap suppliers across India with foundries and rolling mills through secure payment scrap trading, escrow for metal trade India, and full supply chain transparency.

Our Vision & Mission

Architecting a transparent, circular metal economy.

Our Vision: To architect a 100% transparent, tech-enabled circular economy for India's metal industry — built around verified yards, GST compliance and supply chain transparency.

Our Mission: We are eliminating the trust deficit in the unorganized scrap metal sector. By bridging verified scrap aggregators directly with major foundries through secure payment scrap trading and an escrow-backed digital infrastructure, LohaLink helps prevent bad debt in the scrap business while guaranteeing fair pricing, assured quality and on-time settlements. We are not just a marketplace — we are the new standard for industrial resource recovery.

Market Opportunity

$12B+

Projected Indian scrap market by 2030

100%

Circular economy alignment

2.5x

Foundry demand growth this decade

Trust deficit, by design

India's scrap metal recycling industry is undergoing a massive formalization shift. As the nation aggressively scales its infrastructure, demand for secondary steel, sponge iron (DRI) and recycled HMS scrap is at an all-time high. LohaLink is positioned to capture this shift by organizing the fragmented supply side and providing the tech infrastructure to move high-tonnage materials efficiently and transparently.

Industry Transformation

Transforming the Secondary Steel Sector

For decades, India's secondary steel sector has been throttled by opaque brokers, weighbridge disputes, and unreliable payments. LohaLink eliminates middlemen by connecting verified scrap yards directly to foundries and rolling mills — turning every trade into a documented, escrow-protected transaction.

We resolve weighbridge disputes through tamper-evident dharam kanta receipts and AI scrap metal grading from a single yard photo — benchmarking HMS, CI and sponge iron grades before dispatch. The result: zero-risk B2B metal trade, faster nodal account settlement, and end-to-end supply chain transparency for India's foundries.

Leadership

Meet the people building LohaLink.

Director & CEO

Kaustav Deb

Spearheading LohaLink is Kaustav Deb, an entrepreneur and director across several companies, with a deep-rooted background spanning industrial operations, corporate accounting, and modern software development. With extensive, hands-on experience in industrial supplies, the iron trade, and managing complex supply chains, coupled with executive leadership in the tech sector as CEO of Forloop Software Solutions Pvt Ltd, Kaustav intimately understands both the ground realities of the heavy metals market and the digital architecture required to modernize it.

His strong background in BPO operations, Tally accounting, and strict GST compliance forms the backbone of LohaLink's secure, verified trading ecosystem. Recognizing the massive inefficiencies and trust barriers in traditional scrap trading, Kaustav engineered LohaLink to protect both buyers and sellers — merging industrial grit with fintech-grade security.

Co-Founder & Head of Operations

Jayanta Goswami

As Co-Founder and Head of Operations, Jayanta Goswami is a driving force behind LohaLink's strategic vision and daily execution. Jayanta brings a vivid and extensive background spanning the construction, real estate, and iron and steel sectors — industries that form the very backbone of LohaLink's ecosystem.

With huge industry exposure, Jayanta masterfully balances macro-level strategic planning with hands-on execution. He directly oversees the company's end-to-end operational framework, including field operations, complex supply chain logistics, and high-value procurement. His deep-rooted relationships with suppliers and absolute mastery of material sourcing ensure that LohaLink maintains a resilient, cost-effective, and uninterrupted supply chain. As a co-founder, Jayanta's unique blend of field-tested grit and corporate foresight is instrumental in scaling LohaLink's footprint and redefining operational excellence in the industry.

Head of HR & Transport Operations

Akash Das (Nil)

A seasoned industry professional, Akash Das — widely known as Nil — brings a wealth of expertise to the LohaLink team. Since entering the sector in 2018, Akash has built a robust career at the intersection of Human Resources and transport logistics. This unique combination allows him to not only manage complex supply chains and fleet operations with precision but also lead, recruit, and retain a high-performing network of drivers and ground staff.

With a proven track record of optimizing transit efficiency and navigating the daily dynamics of the industry, Akash ensures that LohaLink's moving parts operate seamlessly, safely, and on schedule.

The Team

Logistics, engineering, and compliance — under one roof.

LohaLink is supported by a dedicated team of logistics experts, software engineers, and financial compliance officers based in Howrah and Kolkata. Together, we ensure every transaction — from the initial AI image upload to the final nodal account settlement — is executed flawlessly.

Markets & Materials

Markets & Materials Traded on LohaLink

A single B2B metal scrap marketplace covering every major grade and every major steel hub in India — from HMS 1 scrap and shredded steel to sponge iron (DRI), MS billets and ferro alloys.

Materials Traded

Verified sponge iron suppliers, direct iron scrap suppliers India and rolling-mill grade raw materials — all with GST verified traders and quality assurance (QC).

HMS 1 scrap
HMS 1 & 2 (80:20)
Shredded steel scrap
Cast iron (CI) scrap
MS turning scrap
CRINGO scrap
Melting scrap
Sponge iron (DRI)
Coal-based sponge iron
MS Billets
Pig iron
Ingot
Ferro alloys

Connecting India's Major Steel Hubs

From sponge iron suppliers in Durgapur and scrap buyers in Kolkata to MS billet manufacturers in Jharsuguda — LohaLink runs wholesale steel scrap marketplace coverage across India's busiest foundry corridors.

DurgapurSponge iron suppliers in Durgapur
KolkataScrap buyers in Kolkata
JharsugudaMS billet manufacturers in Jharsuguda
GiridihIron scrap dealers in Giridih
RaipurRaipur sponge iron market
AsansolAsansol steel scrap buyers
Mandi GobindgarhMandi Gobindgarh scrap market
JalnaJalna steel hub
AlangAlang ship breaking scrap
GhaziabadGhaziabad foundries

Frequently Asked Questions

Escrow, GSTIN verification & weighbridge disputes — answered

Everything foundries, rolling mills and verified scrap aggregators ask before their first secure payment scrap trade on LohaLink. Looking for HMS 1, sponge iron (DRI) or MS billets pricing insights? Read our latest analysis on the LohaLink Journal.

Contact

Reach the LohaLink team

Talk to our trade desk for bulk procurement, yard onboarding, escrow setup or partnership enquiries.

Support

+91 93303 77207 +91 93304 77207 +91 79801 56276

Mon–Sat · 9:30 AM to 7:00 PM IST

Email

connect.lohalink@gmail.com lohalink.in@gmail.com

Replies within one business day.

Office

203, Tower-II, Infinity Think Tank,
Street No. 18, GP Block, Sector V,
Bidhannagar, Kolkata,
West Bengal 700091, India

Get in Touch

Send us an enquiry

Questions on escrow, GST verification, or onboarding your yard? Drop us a message and our team will respond within one business day.

Trusted partners

Foundries & rolling mills we've supplied

A snapshot of factories and steel producers who have sourced scrap through LohaLink — directly or via our partner yards.

India's Verified B2B Metal Scrap & Sponge Iron Marketplace