SteelOrbis Istanbul discusses how the CME Group offers unique, “made for steel” derivative options with Harriet Hunnable, CME’s Managing Director, Global Head of Metals.
ecent events must have reinforced your doomsday scenario, Mr. Gloom. First we had (and still have) turmoil in the Middle East, which caused crude oil prices to skyrocket yet again and slowly approach 2008 levels. The massive earthquake/tsunami in Japan has put the world’s third largest economy on ice for the time being.
Globalization: it’s a trend that’s celebrated and despised, welcomed and protested, anticipated and ignored. But despite the wide range of opinions on the subject, most can agree that globalization is very much a new world order, a further step in the evolution of human civilization.
As of mid-March, the last antidumping (AD) and countervailing duty (CVD) petition involving steel products had been filed more than 14 months prior—on December 31, 2009. It involved drill pipe from China and resulted in AD and CVD orders which were issued at the beginning of March 2011.
For those attending steel industry events this spring, new approaches in the “new normal” were the most frequent topics of discussion.
SteelOrbis discusses the US scrap industry’s domestic situation and place in the global raw materials landscape with George Adams, President, SA Recycling
What a promising start to 2011! Even though rapidly-rising steel prices have been met with a measure of restraint, and the robust levels of purchasing activity were largely based on inventory restocking, the situation did not necessarily inflate into a bubble as many predicted early in the year.
“When we look at the market we see that all the talk is about Europe. However, Africa is a big market and an important region.” Salim Metin, Corbus Metal
It goes without saying that the steel industry needs the scrap industry; without an abundant supply of leftover steel from consumers, manufacturers and demolishers, steel plants would have to rely entirely on iron ore for their raw material. Sure, iron ore is more pure than scrap and can produce higher-quality steel, but it’s costlier to […]
he last time we spoke, Mr. Bull, you advised me to look out for your steaming freight train that was about to hit, or at least arrive, in Q1 2011. I have been on the lookout ever since, straining my eyes and even buying more powerful binoculars.