Steel

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    The steel industry is highly segregated with numerous steel products available. Steel products can be either classified as flat products, used in the automobile, shipping and white goods industries or long products which are used in the construction industry. Steel is an indispensable building block of the global economy and the developing economies of Asia.

    With an active physical market, steel prices have become volatile and unpredictable over recent years, making planning increasingly difficult. With this price volatility, it has become increasingly important for miners and steel mills to hedge their risk through the paper market. Also, more industry participants have realized that index-based pricing offers a sustainable mechanism better suited to the challenges of today’s market conditions.

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