Category Archives: Industrial Goods

Don’t Slip Up By Neglecting Floors

DESPITE slips and trips still being one of the most common causes of accidents in the workplace, many employers are unknowingly putting their employees at risk by not maintaining non-slip flooring correctly, according to a warning from workplace equipment provider, Slingsby.

The Health & Safety Executive (HSE) says at least one serious slip injury occurs every three minutes in workplaces throughout Great Britain and most of these are due to contaminants, such as water or grease.

Lee Wright, Marketing Director of Slingsby which supplies more than 35,000 workplace products across all industries from salt spreaders to air conditioners, explains: “Non-slip flooring is often found in high traffic areas such as kitchens and on walkways so it can quickly build up with dirt and grime if it is not cleaned regularly and as the HSE’s figures demonstrate this regularly results in accidents.

“Cleaning up any spillages or contaminations should be a priority in all organisations. Putting such procedures in place is quick and easy and can immediately make a workplace safer and reduce the risk of injuries and compensation claims.”

Lee adds: “In addition non-slip safety matting should be cleaned regularly to maintain its non-slip properties and in busy or public areas it should be cleaned every day. Because a lot of non-slip floors are heavily textured rap mops usually work better than sponge mops, which often disintegrate, and an industrial floor cleaning product should also be used. A scrub brush is good for tough areas or else steam cleaners are also very effective on these surfaces.

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Environmentally Friendly Safety Signs Material Comes to Safetyshop

As well as being an industry leader when it comes to safety signs and practically everything health and safety related, UK based Safetyshop have recently taken the decision to use a more environmentally friendly material as a part of their safety sign production process, another area in which the company is leading the way.

The workplace safety specialists have researched alternatives to the material used up until now, PVC at 1mm thick and found that polypropylene to be an all round better choice when it comes to sign manufacturing. Polypropylene is 1.2mm thick, recyclable and hard wearing enough to be a suitable eco-friendly replacement to PVC, meaning that businesses will not need to buy replacements in just a few years time.

All signs manufactured by Safetyshop use the recognisable symbols and warnings covering anything from no smoking signs to no access and fire exit signs, all of which comply with the ISO 7010 standards that apply to all EU countries. The range is also constantly expanding as new ISO symbols are released ensuring Safetyshop’s range covers all possible situations.

Sara Banks, UK Product Manager at Safetyshop commented, “Our safety sign manufacturing process is something we pride ourselves on and this move to the superior Polypropylene signs will help make sure our processes are as environmentally friendly as possible, yet remain effective and compliant with industry standards.

“Safety signs are a large part of our business and we have listened to our customers comments to make sure we are catering for all customers and industries. We have had comments such as being able to find a particular sign being too difficult and made sure to simplify the process, as well as reducing the quantity of duplicate sign styles as well”

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Look Out! ISO EN 7010 Comes Into Force at Safetyshop

Safetyshop, the UK’s market leader in safety products, has moved to reassure customers ahead of imminent changes to safety sign regulations.

In early 2011, the ISO 7010 standard will be officially updated as part of a move to harmonise safety signage across the whole of Europe, and Safetyshop has revised its catalogue of products in preparation.

ISO 7010 has been in force since late 2003, and covers safety signs used in workplaces and a variety of other locations where people need to be informed about safety matters. All of Safetyshop’s safety signs will comply to the latest ISO standards (Amendments 1-6) and the range will be updated throughout the year as more symbols are released by ISO. Signs for smoking, hard hats and fire assembly points are all covered by the new standard, and can be found in private buildings and public places across the UK.

Various amendments have been made to the standard in recent years and the latest will see a number of changes to signage in order to ensure consistency across Europe. Companies will notice some pictograms have only been very slightly altered to conform to the new rules, while other changes are far more noticeable. All changes however have been designed to make it simple for people of all European nationalities to instantly recognise important safety messages.

Sara Banks, UK Product Manager at Safetyshop, said: “The new standard, ISO EN 7010, has been devised to create consistent symbols, using new pictograms, which have been judgement tested across various EU countries to ensure the symbols are universally understood and recognised.

“We want all of our customers to be reassured, and know that when they buy a safety sign through our online store, it will be up-to-date and comply fully with all of the current guidelines.”

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Static Control Ionizer Specifically Designed To Ionize Nitrogen Gas Flow In Pure Nitrogen Environments

ION Systems, an ITW Company, the leader in static charge neutralization and control products for high tech industries, announces the In-line Ultra Clean Nitrogen Ionizer, Model 4214, the first in-line ionizer specifically designed to ionize a nitrogen gas flow in ultra clean medical, semiconductor, or other high purity processes where static charge generation is an issue.

The Model 4214 In-line Ultra Clean Nitrogen Ionizer was developed to provide a solution to the problem of materials readily charging to 30-40 kV when handled in pure nitrogen environments. Many processes in the medical, semiconductor, and electronics industries are carried out in five 9’s pure nitrogen environments (99.999% nitrogen). Nitrogen ensures a clean, non-oxidizing environment that enables critical processes to be carried out without contamination issues. The dry nitrogen environment, however, encourages static charge generation, which can cause particles contamination through electrostatic attraction, or damage from ESD events. The Model 4214 ionizer, by providing a stream of ionized nitrogen, can effectively remove static charge from products to minimize particle attraction and ESD events. Nitrogen cannot be ionized with standard ionization equipment designed for use in ambient air or CDA environments. The Model 4214 provides the user with the first small format ionizer that ionizes the actual nitrogen molecules instead of the trace impurity gases.

In addition to ionizing pure nitrogen, the Model 4214 is also the world’s first corona ionizer that meets Extended ISO Class 1 cleanliness. Using formulas in the ISO 14644-1 standard, ION Systems has extrapolated the allowable particles down to 0.01 micron (10 nm) in size. These smaller particles which are not covered by ISO 14644-1 can be especially harmful to semiconductor devices with 32 nm or below technology nodes.

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Singapore Options and Futures Exchange Announces New Copper Contract

A new contract was released to subscribers. This contract is for copper ore and the length and investment opportunity for subscribers is unique.

Singapore Options and Futures Exchange continues to expand its offerings of pre-sold commodities contract participations with the announcement today of a Copper Ore contract that has an approximate length of 100 days from inception to payout.

“We are excited about our new Copper Ore offering, not only because we have expanded into this potentially lucrative commodity, but also because we are continuing to lengthen our contracts, allowing us to maintain attractive risk-adjusted returns while increasing profitability” said Mr. Samuel D. Brown, SGOFX press officer.

The future holds that even more contracts will be available. From Coffee and Sugar; to Iron Ore and Copper Ore, SGOFX is working hard to offer investors a variety of investment opportunities so that they can realize a more varied investment opportunity.

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Safetyshop Products Help Employers Meet PPE at Work Regulations

Online retailer of essential safety products, personal protective equipment and workwear, Safetyshop.com, is offering businesses advice on how to comply with industry standards and regulations.

As one of the largest retailers of its kind, Safetyshop understands that it has a duty to its customers to provide information on what PPE (Personal Protective Equipment) is necessary for businesses to have in order to meet UK and European health and safety laws.

Safetyshop explains that all employers have to meet basic rules regarding the provision and use of PPE at work and emphasises that many working environments must comply with Regulation 4 of the PPE at Work Regulation 1992, which outlines the mandatory use of protection for the face and eyes when at risk in a hazardous area.

Eye injuries can occur as a result of flying debris, dust and hazardous chemicals and in turn these can not only cause pain but also loss of earnings, loss of time and even loss of eyesight. Safetyshop offers an extensive range of face shields, overspecs, safety goggles and eye wash products to help minimise the risk of injury to the face and eyes.

All eye and face protection products available to buy online at Safetyshop.com comply with The industrial Eye Protection Standard EN166. Safetyshop emphasise that it is important to carefully consider the different hazards in the workplace in order to allow for the correct type of PPE to be chosen. This is true for all types of PPE and workwear.

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AW Rostamani Trading Wins Exclusive Distributorship With ZNA In UAE

AW Rostamani Trading, part of the AW Rostamani Group, has signed an exclusive distributorship with Zhengzhou Nissan Automobile (ZNA) in UAE. Zhengzhou Nissan Automobile (ZNA) is one of China ‘s biggest automotive manufacturers established in 1993.

As part of the partnership, AW Rostamani Trading is also launching a brand new state-of-the-art showroom on Deira’s Airport Road in Dubai.

Commenting on the agreement, Mr. Abdul Wahid Al Rostamani, Chairman of AW Rostamani Group said: “We are proud to be partnering with one of the largest automotive group in China and look forward to the ­­vast experience they will no doubt bring to the region. The company’s outstanding reputation and excellent vehicle quality assures us of the success of this venture.”

Speaking on the appointment of AW Rostamani Trading as the exclusive distributor in the UAE, General Manager Overseas Business of Zhengzhou Nissan Automobile Co., ZHAO Hongwei said: “We are honoured to announce this partnership with AW Rostamani Trading part of AWR Group, a group with over 42 years experience in the automotive industry in the UAE. Highly successful and well known throughout the region, we look forward to a successful future working alongside the company.”

CEO of AW Rostamani Automotives, Michel Ayat said: “AW Rostamani Trading is honoured to be undertaking this joint venture with what is one of China ‘s biggest and most successful automotive groups, Zhengzhou Nissan Automobile Co. We are confident that ZNA’s high quality vehicles – which will now be distributed in the Middle East for the first time and which include the well known and reliable Nissan and ZNA brands – will ensure the future success of this partnership.

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Workplace Safety Experts Slingsby Warns ‘Flooding Can Drown A Business’

AS FLOODING becomes an ever increasing risk in the UK, many organisations are investing in flood protection products as a precaution against the severe disruption that water damage can do to a business according to workplace equipment provider Slingsby.

The Association of British Insurers has revealed that since 2000 the cost of flood damage in the UK has soared by more than 200 per cent with insurers paying out £4.5 billion since the start of the decade, which is up from £1.5 billion between 1990 and 2000. Slingsby sells more than 35,000 products across all industries and in recent years the company has introduced a range of flood defence products as a direct result of customer demand.

Lee Wright, Marketing Director of Slingsby says: “Flooding is becoming an ever increasing threat to many workplaces and as we’ve seen in recent years it can happen at almost any time during the year. Many businesses that experience a flood never reopen and with the Government recently announcing investment cuts in flood defences, we’re seeing increasing numbers of businesses buying flood protection products purely as an insurance policy.

“Even though a business may not be located near to a river or other such water source, it could still be affected by surface or groundwater flooding which can be very difficult to predict. Although it’s impossible to completely flood-proof a property there are lots of things that can be done to help prevent flood damage and make drying-out and cleaning up much quicker and easier.”

Lee continues: “In buildings that are at risk of flooding, for fixed items and furniture, it’s a good idea to use water resistant materials such as stainless steel or plastic where possible and electrical equipment and machinery can sit on raised plinths. It also makes sense to raise electrical sockets and fuse boxes and store valuable items on high-mounted shelves.

“Most importantly any insurance policies covering buildings and contents should be checked to determine what cover they offer for flood damage. It’s also worth notifying insurers when making any modifications to buildings because it could result in lower premiums.”

Below is a selection of products from Slingsby’s range that are all proving especially popular with businesses and organisations looking to protect themselves against the risks of flooding. They are all available from Slingsby by visiting www.slingsby.com or by calling 0800 294 4440.

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Safetyshop Warns Icy Conditions Are Set To Continue With Further Snow Fall

Winter is defiantly amongst us as snow and icy conditions are forecast to continue to affect many parts of the UK.

The cold snap will also bring freezing temperatures, overnight frosts and daytime temperatures will struggle to reach 3 or 4 degrees C. Workplace safety product supplier Safetyshop advises businesses to take these weather forecasts seriously and ask themselves if they are prepared for the start of the bad winter weather. Kimberley Slack at Safetyshop says “it’s important that workplace health and safety is well thought-out in order to minimise accidents”.

Essential items for businesses are necessary to make sure they don’t slip up this winter! It can be said that in 2009 nearly 11,000 workers suffered serious injury whilst in the workplace due to a slip or a trip –with totals reaching more than 30 each day. This is why Safetyshop are reiterating that everyone should maintain a safe working environment during the winter months.

An extensive range of stock including everything you will need to keep safe in the winter is available online. For the outdoors Safetyshop stock a superb range of rock salt, salt spreaders, grit bins, snow shovels and winter driving essentials. Not forgetting the need for an indoor range of products such as anti slip tape, entrance matting, hi-vis stair nosing and anti slip sprays, minimising slips and trips inside offices and warehousing facilities.

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Slingsby’s Sound Advice Can Prevent Industrial Deafness

DESPITE legislation being introduced to guard against it, thousands of employees still develop hearing problems every year as a result of being exposed to excessive noise in the workplace, even though it is one of the easiest and cheapest conditions to prevent according to workplace equipment provider Slingsby.

Under The Control of Noise at Work Regulations, employers have a legal responsibility to protect workers from high noise levels in order to prevent hearing loss or tinnitus which causes a constant ringing, buzzing or whistling sound in the ear.

Lee Wright, Marketing Director of Slingsby explains: “Hearing problems, tinnitus or industrial deafness, as it’s often known, are still common medical conditions that are caused by excessive noise. The severity of the condition depends entirely on the level of noise and the length of time exposed to it but in severe cases it can lead to complete hearing loss and once the damage is done the effects are irreversible.

“Employers are required by law to protect their employees when noise reaches certain levels or else they can face prosecution and compensation claims. For this reason it’s important that employers monitor noise levels in areas where it can become uncomfortable. However the good news is that if it is excessive, it’s usually cheap and easy to guard employees against it.”

To help prevent hearing problems, Slingsby has compiled a check-list that employers must follow when noise levels reach certain levels.

When daily noise levels reach an average of 80 dBA (decibels) employers must:

– Explain the risks to employees and tell them how to protect their ears.
– Provide ear protectors – otherwise known as ‘ear defenders’ – and keep them in good working order.
– Reduce noise levels wherever possible by modifying, muffling or replacing equipment and maintaining it regularly.
– When daily noise levels reach an average of 85 dBA (decibels) ear protectors must be worn by law and signs must be displayed warning people they are in an ‘ear protection zone’.
– Average exposure levels, after taking into account any hearing protection, should never exceed 87 dBA.

About Slingsby

Slingsby was established in Bradford during 1893 by Harry Crowther Slingsby who designed and created a range of robust trucks and trolleys to move heavy loads horizontally around large buildings. Several members of the Slingsby family remain on the board of directors and whilst the company is still famous for its manual handling equipment, it now supplies more than 35,000 workplace products to a full range of industries via its catalogues and website, just in time for the onset of the winter weather Slingsby have many salt spreaders, and other ice melt supplies as well as rock salt storage solutions such as a grit bin.

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Safetyshop Helps Businesses To Put Security At The Top Of Their Agenda

Safetyshop, supplier of health & safety solutions for over 40 years, has highlighted its range of inexpensive and easy-to-fit security products to businesses, in a bid to emphasize the importance of putting security at the forefront this winter.

Experts at Safetyshop are keen to alert businesses to the availability of simple security products such as decoy cameras, anti-climb paint and personal alarms that can help to minimise security risks as the days become shorter and there are more hours of darkness.

Safetyshop’s Kimberley Slack said: “Winter weather brings darker mornings and afternoons that can be dark from 4pm, unfortunately it’s around this time of year that security must be on the top of businesses’ agendas.

“In order to protect premises it’s essential to take a closer look at areas that can be made more secure, it’s important to assess your property along with the level of personal security for all employees. Employers do have a legal responsibility for the health and safety of employees and improving their safety can also improve the security of your business premises.”

Safetyshop understands that not all businesses can afford to implement expensive security projects and instead offers simple yet effective security solutions such as CCTV safety signs and safety window film. The trusted retailer also suggests increasing personal safety with the use of hi-vis clothing, small portable torches, identity badges and personal alarms.

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Be Organised and Improve Productivity With Slingsby’s Safety Products

NEARLY every workplace in the UK can increase efficiency by making some simple improvements to employee workspaces according to Slingsby, which supplies workplace equipment across all industries and regularly advises businesses on ways of enhancing productivity.

Lee Wright, Marketing Director of Slingsby explains: “We work with all types of companies to solve a wide range of problems but a common theme revolves around employee work rates. Wages are the biggest expense for most businesses so it’s false economy if people are unable to perform to their full potential simply because of their surroundings.

“The first thing we always look at is personal workspaces and work stations and there are nearly always areas where these can be improved. Although most of us spend more time at work than anywhere else, many people neglect to keep their workspace clean and tidy which ultimately reduces a person’s efficiency.”

Lee continues: “Everyone has spent time at work trying to find things that have been misplaced. Whether it’s a phone number or a piece of equipment it wastes time and in most cases it’s completely unnecessary.

“There are huge benefits to proactive employers that encourage employees to maintain tidy and organised work areas because almost immediately they will see output improve. Even if every employee just spends five minutes at the end of the day to get organised for the following day, it makes a big difference and clearing things away after they have been used also makes for a much safer working environment.”

Slingsby sells a wide range of popular products that can help workplaces to stay organised, including office furniture and health and safety signs. For the oncoming winter weather Slingsby can help your business be prepared with grit bins and salt spreaders as well as bollards for clear marking even after a coating of snow or ice.

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Safety Shop Shows How to Light Up Dark Nights

Workplace safety product specialists Safetyshop have begun to promote their range of safety products that relate to the oncoming winter period. Soon many people will be travelling to and from work in the dark and school children will be walking or cycling to school in the dark also. It’s time to take extra care as visibility and quiet, dark roads become a risk – take a forward thinking approach to staying safe this winter.

Safetyshop stock a wide range of high visibility clothing and accessories to ensure that the dark mornings and evenings don’t become a serious hazard for pedestrians as well as motorists.

Children walking to and from school are often the most vulnerable especially when crossing roads, According to official government statistics, children are more at risk from road accidents from 3pm onwards in autumn and winter and this can often coincide with workers driving home.

Safetyshop’s Kimberley Slack commented, “With an increased awareness of road safety we have found that making sure the public are able to get the best safety products can often be a life saver.

“With the darker mornings and nights it can be difficult to spot a child in the road until it’s too late. So anything that can make children and adults more visible, whether they are walking or riding a bicycle, is a high priority for us at Safetyshop”.

On the subject of motorists, the winter period poses many risks especially as temperatures drop and the roads becoming slippery with snow and ice.

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Don’t Endure Another Winter Of Discontent – Protect Your Business Before The Worst Of The Weather Comes

The nights are already drawing in, and soon winter will be with us in full force. So now’s the time to make sure that your business is prepared if you want to avoid the chaos brought by the severe weather of the start of 2010.

With a leading authority on forecasting the British weather warning that the UK could be in for a second consecutive big freeze, leading safety equipment specialist Safetyshop.com is asking business owners and managers to think ahead, and ask themselves how their day-to-day operations would cope.

The UK could be in for “a combination of snow, ice and bitterly cold temperatures and another ‘white-out’ as some areas grind to a halt,” warned Jonathan Powell of Positive Weather Solutions. His organisation correctly forecast the big freeze earlier this year.

“If these predictions from experienced weather-watchers are to be believed, we’re in line for another harsh winter,” said Kimberley Slack, Safetyshop’s Internet Marking Executive.

“But there is no need for businesses to be caught cold by a sudden freeze,” Kimberley added.

“Stocking up on essentials such as anti-slip matting, using heaters and fans to keep your working environment at the right temperature, and having all the appropriate safety signs in place will help you stay productive through the worst this winter has in store.”

Safetyshop can help you keep your premises safe, limit damage caused by snow and rain, and help you prepare your business for any severe weather to come. With Rock Salt and Grit bins available as well as salt spreaders to ensure your car parks, entrances and walkways are safe.

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Safety Made Easy With Safetyshop’s Solutions

Online retailer of essential safety products, Safetyshop, has re-launched ‘Solutions’, a way for customers to find the safety signs and equipment they need, from initial design concept through to manufacture.

As of autumn / winter 2010, Safetyshop customers can enjoy this service, which has been described by the retailer as ‘definitely not a one size fits all approach’.

Kim Slack, Internet Marketing Manager at Safetyshop, said: “We are passionate about the products we sell and we strive to offer the best service through our catalogues, website and contact centre. Now we are really pleased to announce ‘Solutions’, as a new way of helping our customers choose the right product, a service which sees us saying, ‘we can help our products and services fit with your businesses requirements.’

‘Solutions’ is a team dedicated to supplying your ideal business solution. The solutions team can help you find products and brand products at competitive prices even if they’re not featured in the online product range. The service also allows people to customise standardised products, bulk buy and design bespoke products to meet specific requirements.

Kim adds: “With Solutions, we are offering all our customers a dedicated and personal service that is on hand to help at all times; this is what sets us apart and makes us the one-stop-shop for all safety products.”

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Manufacturers Find Creative Ways to Cost-Efficiently Meet Surging Demand

Neptech, Inc., a leading provider in the emissions testing field, has expanded its scope of contract services at its Tech Center in Highland, Michigan. The Neptech team is structured to support an expansive market – from original equipment manufacturers and suppliers to R&D labs and testing facilities throughout North America.

The company has built-up its capacity to handle jobs ranging from small electro-mechanical sub-assemblies to large turn-key projects. This enables
manufacturers to outsource assembly work in order to keep up with surging market demand while maintaining world class quality standards.

The process starts with design right through component specification, manufacturing, testing and installation. The design team works with customers to develop an efficient design that meets the application requirements for performance, electrical, mechanical and thermal attributes.

Recent projects have included design and installation of test cells and industrial gas supply systems for exhaust gas measurement. They have the expertise to design high purity gas distribution systems for semi-conductor, aerospace and solar / PV applications. The added capability of orbital welding has increased cost-efficiencies and turnaround time on average by 25% on custom work during 2010.

While Neptech has maintained steady growth over the past two years, it has built its reputation on its lean efficient operation, responsiveness to market needs, and by consistently delivering cost-effective solutions for its customers.

Neptech has the ability to leverage its network of hundreds of suppliers and partners allowing the option of custom manufacturing or sourcing of components as needed while achieving economies of scale.

For more information visit www.neptechinc.com/contract-services

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Free Industrial Reference Guide Now Available on iPhone

Industrialfocus.com, a website dedicated to providing relevant information about industrial equipment and services, today announced the release of its iPhone application.

The Industrial Focus application is packed with information about a wide variety of industrial topics, including agriculture and forestry equipment, construction equipment and supplies, electrical and test equipment, and manufacturing equipment and tools.

According to Marilie Doman, editor at Industrialfocus.com, the new iPhone application provides unique value. “Consumer guides, reviews and detailed articles are added on a regular basis, allowing consumers of industrial products and services to use their iPhones as a source for detail research, or as a handy industrial reference guide.”

Industrial Focus is the first iPhone application for industrial equipment available in the app store.

Industrial Focus allows a user to see the latest articles, browse articles by category, or search for articles by keyword. The application provides the user with an intuitive interface, leveraging the iPhone’s unique features and capabilities. The user will have access to the following functionality in the free application:

•  Browse – Explore hundreds of articles by browsing an intuitive category tree
•  Search – Users can find specific content by utilizing the keyword search function
•  Latest articles – See the latest content, updated on a regular basis

The Industrial Focus iPhone application was developed in-house by D4DR Media. More information and a link to the iTunes download can be found at www.industrialfocus.com/iphone/.

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Balli Steel Reports European Steel Markets Cushioned From Price Correction By Weak Euro

Balli Steel, one of the world’s largest privately owned independent commodity traders, highlights that European steel markets have been cushioned from the effects of the recent downturn in global steel prices due to the weakening Euro. Balli Steel’s research shows that steel prices in US Dollars fell by approximately 20% between their peak in mid April and May 2010. However, the weakening of the Euro against the Dollar over the same period meant that the relative decline in steel prices was only 3.3% in the Eurozone.

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The weakening of the Euro against the dollar has enabled steel producers in Eurozone markets to continue exporting steel for a longer period of time as well as discouraging domestic consumers from importing steel from elsewhere.

However, Balli Steel pointed out that the real demand for steel across the European market remains sluggish. With government spending both directly and indirectly impacting on steel demand, the widespread budget cuts and austerity measures being taken in countries such as Spain, Italy, Germany, France and the UK has led to a significant reduction in demand.

Nasser Alaghband, CEO of Balli Steel commented: “The weakening Euro has acted as a lifeline to European steel producers, making them more competitive to importers whilst being able to fight off competition from overseas. This trend may continue for some time, however, with falling demand there is a real need for production to be checked if prices are to be maintained. We have already seen a number of producers idle their mills in recent weeks and we expect this to pick up momentum, especially as the traditional summer holiday season approaches.”

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Balli Steel Reports Surge In Production Leads To Dramatic Fall In Chinese Steel Prices

Balli Steel, one of the world’s largest privately owned independent commodity traders, has highlighted that a surge in Chinese steel production since the beginning of 2010 has led to the recent dramatic decline in steel prices from their peak in early April.

Figures from the World Steel Association show that approximately 158 million tonnes of steel were produced in China during the first quarter of the year. In addition, steel production peaked at 55.4 million tonnes in April 2010, a 27% increase on April 2009, representing the highest amount of crude steel that China has ever produced in a single month.

This dramatic surge in production has led to a corresponding decline in steel prices over the past six weeks. In January 2010, Chinese steel prices were approximately $500 per tonne, rising to a peak of $700 per tonne in early April. However, overproduction has led to prices falling back to $550 per tonne by mid-May.

As China is by far the single largest steel producer in the world, accounting for approximately 47% of global production in 2009, this overproduction of steel and the corresponding decline in prices have had a significant effect on the global market.

Balli Steel emphasised that what happens next to the area’s steel prices will be dependant on how quickly China can cut its production and estimates that the country needs to reduce its output to approximately 40-45 million tonnes per month by July in order to maintain stable pricing.

Gianpiero Repole, Business Development Director of Balli Steel comments: “The Chinese steel market remains a strong prospect for the medium and long term with the country’s growing economic dominance in the region ensuring that there will be an ongoing demand for steel. What we are currently experiencing is short term timing difficulties with sharply rising prices at the beginning of the year leading to a surge in production, ultimately resulting in over production and falling prices.

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Balli Steel Reports BRIC Countries Driving Global Steel Market

Balli Steel, one of the world’s largest privately owned independent commodity traders, has reported that the BRIC countries (Brazil, Russia, India and China) are the driving force in the global steel market, thriving whilst more established markets and newer emerging economies struggle.

Balli Steel’s analysis of the World Steel Association’s crude steel production statistics demonstrates that the BRIC countries accounted for 58% of global steel production in 2009, with their market share more than doubling over a decade from 28% in 1999. In contrast, the established major economies of the USA and Japan saw their crude steel production levels decline by 40% and 7% respectively over the same ten year period.

Balli Steel highlighted that China is by far the single largest producer in the world, accounting for approximately 47% of global production in 2009, increasing from only 16% in 1999. However, this is not to underestimate the contribution of the other BRIC nations with Russia and India both contributing 5% each to global production and Brazil contributing 2%.

Balli Steel believes that this explosion in production has been triggered by significant industrialisation and economic growth in each of these countries. As one of the less mature BRIC economies, currently undertaking extensive infrastructure projects, India is still a net importer of steel, whilst the more developed Chinese and Russian economies are now net exporters. Brazil’s balance of steel trading is approximately equal.

Whilst the BRIC countries continue to grow, each overshadows its geographical neighbours. Struggling economies like Vietnam, South Korea and Thailand do not have the critical mass or capital required for significant internal investment projects which generate the need for raw materials and other commodities.

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