Staff add information to online steel trade system, on March 17. [Photo/baotounews.com.cn]

The city of Baotou, Inner Mongolia set up an online steel trade site recently, as a steel industry innovation, the first of its kind in the region.

It is backed by the Shanghai Banksteel Co, the Baotou steel trading group, and the Baotou Logistics Park, and has been in pilot operations for the last few months.