How LohaLink works — every step from yard to foundry
Every trade on LohaLink is engineered for trust. Here's exactly what happens in the background — from KYC and AI pricing to RBI-grade escrow, live truck tracking, digital weighbridge reconciliation and GST e-invoicing — so buyers and sellers of HMS scrap, sponge iron, MS billets, iron ore and ferro-alloys can transact with zero counter-party risk.
GSTIN, PAN & MCA verification
Every yard, foundry and trader is auto-verified against the live GSTN, PAN and MCA databases. Legal name, registration status, principal place of business and filing history are checked in real time. Penny-drop bank verification matches the beneficiary name before any payout. Only GST-verified scrap dealers and verified sponge iron, MS billet and ferro-alloy suppliers are allowed to transact.
AI-benchmarked pricing & quality grading
Our pricing engine ingests live mill, mandi and import-parity data to publish AI-benchmarked rates for HMS 1, HMS 1 & 2 (80:20), shredded steel, sponge iron, MS billets, pig iron, dolomite, ferro-manganese, silico-manganese and more. Yard photos are graded by a computer-vision model so buyers see a fair, objective quality score before committing.
RBI-grade nodal escrow
Buyer funds are locked in an RBI-compliant nodal escrow account at a partner bank before dispatch. Money never touches LohaLink's books. Escrow releases automatically to the seller after the buyer confirms inbound weighbridge and quality — eliminating bad debt, post-dated cheques (PDCs) and letters of credit.
Pan-India logistics & live truck tracking
Integrated logistics partners cover Durgapur, Kolkata, Jharsuguda, Raipur, Asansol, Mandi Gobindgarh, Jalna, Alang, Ghaziabad and every other major steel hub. Every consignment ships with a digital LR, geotagged loading photos and a tamper-evident driver tracking link that pings location on a configurable interval. Counterparties get email and dashboard updates throughout transit.
Digital weighbridge & dharam kanta receipts
Outbound and inbound weighbridge slips are uploaded as tamper-evident dharam kanta receipts. The platform automatically reconciles outbound vs inbound weight, flags variances beyond the agreed tolerance, and produces a digital audit trail for every truck.
Dispute resolution in 24–48 hours
If quality or weight is contested, LohaLink's dispute team reviews the AI grading report, weighbridge slips and geotagged photos and mediates a fair settlement, adjusting the escrow release. Most disputes close within 24–48 hours — far faster than the weeks it takes through traditional brokers.
GST e-invoicing & e-way bills
Tax-compliant GST invoices and e-way bills are auto-generated for every trade, with IRN and QR codes, and pushed directly into both parties' accounting systems and admin dashboards.
Notify-me & material expansion engine
Buyers can register interest in upcoming materials — iron ore, iron pellets, ingots, angles, billets, TMT bars, coal, quartzite and ferro-alloys. A confirmation email goes out instantly, the request is logged in admin, and a notification is fired the moment the category goes live.
Direct foundry network — no middlemen
LohaLink connects 3,400+ GST-verified scrap yards directly with foundries, rolling mills and EAF/induction units. Removing middle layers means better realisation for sellers, lower landed cost for buyers, and a transparent paper trail at every step.
Circular-economy compliance
Every trade is logged against the MoEFCC Steel Scrap Recycling Policy framework, supporting India's circular-economy goals and giving large buyers the documentation they need for ESG and Scope-3 emissions reporting.
Why this matters for India's scrap & steel supply chain
India's scrap metal sector handles more than 30 million tonnes annually, yet most trades still rely on broker chains, post-dated cheques, manual weighbridge slips and ad-hoc quality calls. LohaLink replaces every one of those steps with a verified, auditable digital equivalent — bringing the trust, speed and transparency that modern foundries, rolling mills and EAF/induction units need to scale sourcing across multiple steel hubs without exposure to bad debt or quality fraud.
Frequently asked questions
Materials launching next
Explore upcoming categories — full specs, sample images and a notify-me on every page. Browse live scrap rates or see open roles at LohaLink.
Ready to trade scrap, sponge iron or billets the safer way?
Join 3,400+ GST-verified yards and foundries already transacting on LohaLink with RBI-grade escrow and live truck tracking.