1. Welcome to Steelez.com. Its a privilege brings you about the Bidding Process.
2. Bidding is the process by which you can Participate in the e-auction and Bid for a particular auction or lot.
3. You can Bid by Two ways,’ Bid one by one’ and by ‘Auto bid’. By continuous Bid you can challenge to the other Bidders, with in the time allotted. The highest Bidder will be taken into Consideration; however the seller has the discretion to decide in favor of the highest bidder, depending on circumstances.
4. The highest bidder shall be authorized by Seller only.
5. The highest bidder shall be authorized by the seller by information through Email, SMS or by Fax. Same way, in Auto Bid, in order to save the time, decides to so for auto bid and can quotes his highest bid (Price/Amount). If the Auto bid price is higher than other last highest bidder then the Auction bid price will be the Last bid plus one more minimum increament.
6. The final Bidder shall be authorized by seller as mentioned above.