Iron and Steel Industry Confirmer Wharf Financing Mode

Abstract

Given China’s iron and steel industry current situation, large in scale and technological backwardness, it is low on profit, lacks innovation, and competitiveness. This paper analyzes the application of using confirmer wharf financing model in iron and steel industry, and further on the procedure the Quartet (the bank, the iron and steel industry, distributors, logistics enterprises involves in the confirmation warehouse financing process). It concludes that the confirmer wharf can play a valuable role in promoting the supply chain flow and logistics and information flow in the industry, and gives iron and steel manufacturers constructive recommendations to avoid the risks related to confirmer wharf.