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COUNTERFEIT STEEL IS A BIG WORRY IN THE INDUSTRY

Counterfeit alert! Counterfeit products are fakes or unauthorized replicas of the real product. They are often produced with the intent to take advantage of the superior value of the imitated product.

According to the Steel Alliance Against Counterfeiting (SAAC), more than 53% of the steel industry has personally come across fake products during their day-to-day operations. (Source)
There are mainly two illicit practices, namely: (Source)
1.A fraudulent branding of non-certified steel products using the brand of well-known, certified suppliers often sold together with falsified certificates
2. The refurbishment of used steel products to appear and be sold as new

COUNTERFEIT STEEL IS A BIG WORRY IN THE INDUSTRY

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