What is Forward Auction vs Reverse Auction on MSTC

These two auction mechanics work in opposite directions, and understanding which applies to a given listing changes your entire bidding approach.

Forward auctions — MSTC's primary mechanism for scrap and asset disposal — have bidders competing by raising their price, with the highest bid generally winning, since MSTC is selling and wants maximum value.

Reverse auctions work in the opposite direction — used more in procurement contexts where MSTC or a buyer is purchasing, and qualified bidders compete by lowering price, with the lowest qualifying bid winning.

For most scrap and asset disposal activity relevant to traders, forward auction is the standard mechanism — understanding this orientation from the start prevents fundamental bidding strategy confusion.

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