Are you performing due diligence on METCO Co Ltd from South Korea who sells Stainless Steel Coils? If so, read on below to read one buyers experience when trying to buy Stainless Steel Coils.
You will also find some links to help you find more related information about METCO Co Ltd on Supplier Blacklist and on Google as well as other bad suppliers of Stainless Steel Coils reported here on SBL.
METCO Co Ltd
METCO Co Ltd
53-8 Songwon-ro, Jangan-gu, Suwon City, Gyeonggi Province, 16597, South Korea
Initial contact with the supplier:
Type of product(s) being purchased:
Stainless Steel Coils (304, 430, 201 Grades)
Value of the Purchase Order when the incident occurred:
100,000 to 1,000,000 USD
Destination market of order in question:
Type of Complaint(s):
Missed Lead Times, Compromised Intellectual Property, Contract Violations, Scams & Other Unethical Activities
Stage of relationship with the supplier at the time of the incident:
All conditions with this Seller (METCO Co., Ltd. in South Korea) was before clearly confirmed. Purchase Contract was confirmed from both side. A deposit (20%) was made for 3 orders and the balance payment of 80% upon presentation of Bill of Lading. When the goods were ready for shipment, this seller wanted to act against our agreement and wants to have the remaining 80% before shipment. Clearly against our deal. We canceled the orders and asked for the refund the advance payment. Till now the seller has not paid our money back. We took a big loss as a result and have very bad experience with this unserious Seller. We contact and negotiate directly with the CEO of Metco Co. Ltd., his name is Mr. Michael Lee.
His is very unseries in business. Please be careful for all Buyers they will do business with this Seller.
We as a buyer company have very bad experience with METCO Co. Ltd and his owner CEO Mr. Michael Lee. I advise all buyers worldwide to be sure to act carefully when dealing with this company.
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