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Steel woes, lack of venture capital blamed for e-marketplace meltdown
MetalSite L.P. has shuttered its independent Net marketplace for steel and other metals and fired 62 of its 72 employees.
MetalSite is maintaining its Pittsburgh headquarters and seeking financing to make another go of it. A handful of Web developers and customer service reps are keeping the company going, at least for now.
Doug Schuster, MetalSite's VP-- marketing and strategy, insisted the company's future is bright. "Right now, we are extremely bullish on our business model," he said. "We are...