Banks have been avoiding the steel trade sector like the plague. Alloy tube traders have been defrauding loans through the warehousing process, primarily in two ways: false warehouse receipts and repeated pledges. E-commerce platforms can effectively address this issue by managing the logistics and warehousing process and sharing "big data."

Currently, due to high costs, most e-commerce platforms rely on third-party logistics companies for their logistics operations. Online marketplaces are strengthening their oversight of the logistics and warehousing processes to mitigate financial service risks. "If static warehousing supervision and dynamic joint transportation supervision ensure the authenticity of the goods being traded, it's like giving steel on the platform an ID card, which can eliminate fake warehouse receipts," said Huang Hao. "In this case, the bank's risk would significantly decrease, and trust would increase. Therefore, banks are still willing to lend through this method." Huang Yunfei introduced that Dongfang Iron and Steel is collaborating with major banks in Shanghai to build a "Mobile Property Ownership Registration Platform," to regulate warehouse management, issue electronic warehouse receipts, and link the platform's data flow with all banks to ensure the authenticity of warehouse financing. "As the platform grows, it can also negotiate preferential interest rate conditions."