Category Archives: Industrial Supplies

Engineering, Heavy Industry, Industrial, Industrial Equipment, Industrial Services, Industrial Supplies, Transportation & Handling

Hike Metal Ships and Delivers Chicago’s 90′ Fire Boat

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Hike Metal of Ontario, CA. delivers Chicago’s heavy duty NFPA Type III Fire-Boat. Designed and built to operate year-round in Lake Michigan, the Chicago River, and surrounding harbors. The Fire-Boat will be used to respond to the Chicago Fire Department (CFD), Rescue, Chemical, Biological, Radiological, Nuclear and Explosive incidents (CBRNE), Hazmat decontamination, dive operations, and other waterway related responses. Chicago’s Fire-Boat is named the “Christopher Wheatley”, in memory of a fallen 31-year-old Chicago Firefighter who died in the line of duty.

Unique Custom CFD Fire-boat features include ;

•  300 tons; Steel hull with Aluminum superstructure.
•  Twin 1,600hp Caterpillar diesel engines.
•  Two 30 KW diesel powered generators.
•  2,500 gallon diesel tank
•  Two 500 gallon foam tanks
•  Two 7,000 GPM pumps powered by 2-1,000hp Caterpillar Diesels.
•  4 monitors, 3 on the bow, 1 on the stern, stern monitor elevates to a height of 30 feet.
•  Mast can be lowered hydraulically to allow passage under the bridges on the Chicago River system.

The CFD heavy-duty Fire-Boat is designed to break up to 12 inches of ice so it can operate year-round. It can travel at 12 knots or at three knots through ice. The Custom Fire-Boat can be used with scuba divers for rescues, for firefighting with foam or water and as a pumping station to supplement the city’s fire-main supply of water. It can be run with a crew of 5 or up to 10 when fighting a fire. It has a full galley, washrooms, medical room, Hazmat crew protection quarters, and crew accommodations below decks.

One of the 4 monitor nozzles sits on a platform that can be elevated 30 feet, and the force of the powerful spray is enough to blast brick off the side of a building.

The heavy duty custom Fire-Boat represents a year of work at Hike Metal Products Ltd. It is one of many boats the Wheatley, Ontario shipbuilding factory has shipped out of the harbor and is larger than a similar heavy duty Fire-Boat we built and delivered to the city of Baltimore, MD.

Hike Metal has built over 180 custom commercial boats, ships and vessels up to 150′ since 1958. Wespecialize in unique and complex high quality projects ranging from Coast Guard self–righting SAR’s Vessels and Hovercraft, Fire and Police Department Fire Boats and Patrol Boats, Car and Passenger Ferries, Tug, Tow and Pilot Boats, Fishing, Diving and Research ships.

Our modern waterfront shipyard and factoryis strategically located on the North shores of Lake Erie, facilitating the complete construction of vessels up to 100 ft under climate controlled cover while enabling a full program of sea trials prior to delivery. Hike has delivered many turn-key custom commercial steel and aluminum boats and ships to governments, municipalities and private sectors around the world, including the USA, Canada, Central and South America, the Caribbean and the Middle East.

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New Tugs Pull In Sales for Slingsby

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A NEW and innovative range of handling and lifting equipment are already proving to be a hit within months of being added to Slingsby’s new catalogue.

Although the company now sells all types of workplace equipment it has been supplying a market leading range of trolleys, trucks and tugs since 1893 when company founder, Harry Crowther Slingsby, began producing products to move heavy loads horizontally around large buildings.

The latest additions to the range feature electric motors and are designed to pull, push and steer wheeled loads of up to 1000kg, with hardly any effort required by the operator.

Dominic Slingsby, Managing Director of Slingsby explains: “These state of the art tugs are simple to use and enable anyone to manoeuvre substantial loads around confined spaces by literally flicking a switch. Although there are cheaper alternatives out there, these are among the best tugs in the world at the moment and as a result they are immediately generating interest due to their huge potential and versatility.

“They are designed to be used in all types of premises from hospitals to warehouses and shops through to factories. These products will immediately increase productivity, reduce manual handling and improve safety and for larger premises there’s also an option to add a ride-on platform.”

They come with built-in rechargeable batteries, an accelerator system that can be regulated to specific limits and they can be adapted to work with a wide range of trolleys, carts and pallet systems. Visit www.slingsby.ie or call 1850 200 633.

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Turn Up The Heat On Fire Procedures In Your Workplace

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DESPITE new legislation being introduced last year to reinforce the fact that employers in England must consider an employee’s capabilities when it comes to fire safety, the majority are still unaware of their obligations according to workplace equipment provider Slingsby.

The Fire Safety (Employees’ Capabilities) (England) Regulations 2010 were introduced to clarify how fire-related tasks and assignments should be delegated to employees. As part of the legislation employers must consider what a worker is able and unable to do and how these capabilities may affect their ability to deal with fire-related risks.

Lee Wright, Marketing Director of Slingsby, which supplies 35,000 workplace products including an extensive range of fire safety equipment, explains: “Rather than being an extra burden for employers, these new regulations have been introduced to reinforce a workplace’s responsibilities under the Regulatory Reform (Fire Safety) Order 2005. However the majority of businesses that we speak to are still unaware of the requirements and, as well as creating health and safety issues, this could put them at risk of prosecution.

“The regulations say that employers must carry out a fire safety risk assessment to identify what general fire precautions need to be in place. This should be reviewed regularly and updated where necessary. It must take a workers’ capabilities into consideration along with specific risks they face in their job role and where necessary employers should provide specific training. This also applies to fire wardens or marshals.”

The Regulatory Reform (Fire Safety) Order 2005 is still the primary legislation concerning all sectors of fire safety. As part of this employers are required to carry out a fire risk assessment to identify potential hazards and then take action to reduce them. They must also have a plan in place in case of an emergency as well as nominated people to assist in implementing it and all employees should be aware of the procedures.

All buildings must have adequate escape routes for their size and layout. In addition relevant signage should display fire procedures and highlight exits. In premises where employees could be unaware of a fire, either because it’s out of sight or they can’t hear warnings from colleagues, suitable fire alarms should be used and emergency lighting may be necessary in dark escape routes.

Usually one water based extinguisher is also required for each 200m2 of floor space, with a minimum of one extinguisher per floor. However in large or more complex premises, and depending on individual risks, a greater number or wider range of fire safety equipment could be required and some premises may also require hose reels, fire blankets or protective clothing.

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Workplace and Safety Equipment Provider Slingsby Launches Magalogue

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LEADING workplace and safety equipment provider Slingsby, which supplies more than 35,000 products across all industries, has launched a new ‘magalogue’ which combines seasonal parts of the company’s catalogue with a wide range of features and news articles.

The new 64 page publication, named ‘WORK-it’ will be produced twice a year and offers supplier and customer interviews, buying guides, tips, ideas and news articles as well as showcasing a selection of Slingsby’s most popular products including safety matting and office furniture.

Lee Wright, Marketing Director of Slingsby, explains: “WORK-it is designed to be relevant to people across all industries and features a full range of unbiased articles as well as profiling various products. The first issue contains six interviews, which include the head of The British Institute of Facilities Management and key people from ladder manufacturer Abru, as well as special offers, competitions, product reviews and health and safety advice.

“Customers can already view our entire product range in our catalogue and on our website as well as being able to visit our trade counter so WORK-it has been designed to complement these whilst being informative and interesting.”

Lee Wright, Marketing Director adds: “The first issue has been circulated to a wide range of customers across all types of business and public sector organisations and their initial response has been fantastic and we are delighted with the feedback we have received.”

For further information on Slingsby and its product range visit www.slingsby.com.

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EcoLogic Solutions Partners With Onondaga Nation to Rid Workplaces of Toxic Cleaners

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Onondaga Nation and Brooklyn-based Ecologic Solutions today announced a historic, Native American-green business partnership to boost the company’s efforts to rid workplaces of toxic cleaners and replace them with sustainable alternatives.

Under the terms of the partnership, Onondaga Nation (www.onondaganation.org) has agreed to become the second largest shareholder in EcoLogic Solutions (www.ecologicsolutions.com), a leading supplier of natural, plant-based cleaning supplies for restaurants, hotels, schools, office buildings, and other commercial users. EcoLogic Solutions will use the investment to create jobs and expand current operations, while developing new products and approaches to eliminate harmful cleaning supplies from workplaces.

“EcoLogic Solutions is a company that shares our goals of a more sustainable planet, and a better, more holistic way of doing business,” said Jake Edwards, member of the Onondaga Nation Council of Chiefs. “This is the first time we’ve invested in a U.S.-based environmental firm. When you partner with Onondaga, you partner for life.”

“When I founded EcoLogic Solutions, I looked to Onondaga values and sustainability as paragons for our business,” said EcoLogic CEO Anselm Doering. “That’s why I’m honored, and humbled, to make in this announcement today. It’s the fulfillment of a dream within a dream.”

Based in the Brooklyn Navy Yard along with 30 other green businesses, EcoLogic Solutions manufactures soaps, detergents, degreasers, solvents, glass cleaners, disinfectants, and other earth-friendly cleaning supplies for the institutional marketplace using bio-based formulations that are readily biodegradable and non toxic to humans and aquatic life. The company, using groundbreaking technology and scientific advances, offers the most progressive, environmentally preferable commercial cleaners in the market today.

EcoLogic Solutions clients include Chipotle Mexican Grill, Whole Foods Markets, the Statue of Liberty, Mandarin Oriental Hotels, Mario Batali & Bastianich Hospitality Group, the Durst Organization, and NBC Universal, among many others. It sells exclusively to wholesale markets at this time. EcoLogic Solutions’ products will be made available to Onondaga Nation citizens soon.

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Calibration & Testing, Control, Engineering, Environment, Industrial, Industrial Design, Industrial Equipment, Industrial Goods, Industrial Supplies, Measurement, Sensors

New Cleanroom-optimized Humidity and Temperature Transmitters from Vaisala

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Continuous humidity and temperature monitoring is essential in ensuring the high quality of both processes and end products in life science and microelectronics industries. To ensure accurate and stable measurement data, Vaisala introduces two new humidity and temperature transmitters, designed for use in cleanrooms and demanding HVAC applications specifically.

The new Vaisala HUMICAP® Humidity and Temperature Transmitters HMT120 and HMT130 complement Vaisala’s existing offering of relative humidity measurement instruments that covers various applications from monitoring to ventilation and process control in demanding environments.

In addition to delivering accurate and reliable measurement data, the new transmitters are durable, easy-to-use and easy-to-install. Further, their smooth enclosure finish is resistant to dust and cleaning agents, which means that the transmitters are ideal for installation in cleanrooms and other critical environments with very high level of cleanliness and air quality requirements.

“Maintaining constant environmental conditions in production and storage environments is everything to our customers. The new transmitters incorporate Vaisala’s state-of-the-art HUMICAP® humidity sensor technology with guaranteed high measurement performance, which – especially when used in conjunction with the Vaisala Veriteq Continuous Monitoring System – means that our customers can rest assured that their products remain protected at all times,” says Jan Grönblad, Regional Market Manager for Vaisala’s Life Science and High Technology business.

Designed for both indoor and outdoor use, the transmitters can be either wall-mounted or used with a remote probe for installation in ceilings, chambers or air ducts. Calibration and maintenance are made simple, quick and cost-effective by making the transmitters’ measurement probes fully interchangeable. As a result, calibration does not need to be done onsite, and the probes can be replaced without having to remove and re-adjust the transmitter.

For further information and detailed product specifications, please go to vaisala.com/HMT120.

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Go!Foton Announces a New SELFOC® µ-Fluorescence Detector: the FLE 1100

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Leveraging upon the success of the FLE 1000 Fluorescence Detector, Go!Foton announces the availability of a fiber-optic fluorescence detector with up to 0.5 nM* or better sensitivity which is two times higher than the FLE 1000 that it replaces.

The FLE 1100 detector is housed in a very compact body that can be built into other analyzers. The Go!Foton FLE1100 fluorescence detector works in high ambient light, is highly portable, and is vibration resistant. It can be used as a standalone detector or integrated into other instruments such as automatic DNA analyzers, chromatographic measuring instruments such as HPLC, flow cytometers, or customized for instruments including environmental monitors for air or water that test for trace amounts of contaminants or pathogens.

The FLE 1100 is available in three fixed wavelengths: a B type (FITC, FAM, SYBR Green, GFP, etc.), a G Type (Cy3, Resorufin, etc.), and an R type (Cy5, etc.) A UV version will be available shortly.
* depending on the specimen and at S/N =3.

About Go!Foton Holdings
SELFOC ® is a registered trademark of Nippon Sheet Glass Co., LTD. (NSG Group).
Go!Foton is an exclusive distributor of NSG’s microlenses worldwide for the optical communications industry and is a manufacturer of and developer of other optical components and modules.

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Don’t Slip Up By Neglecting Floors

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

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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

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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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AW Rostamani Trading Wins Exclusive Distributorship With ZNA In UAE

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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’

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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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Slingsby’s Sound Advice Can Prevent Industrial Deafness

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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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Be Organised and Improve Productivity With Slingsby’s Safety Products

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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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Free Industrial Reference Guide Now Available on iPhone

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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

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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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Balli Steel Reports Global Steel Market Experiencing Sharp Rises Since Chinese New Year

Balli Steel, one of the world’s largest privately owned independent commodity traders, highlights that steel markets across the globe have experienced sharp price rises since mid- February 2010. The first six weeks of the year had seen a flat market with the majority of commentators believing that prices would most likely fall back to November 2009 levels, however conversely, prices started to rise sharply coinciding with Chinese New Year (14th February).

Balli Steel reports that the price has largely been driven upwards by restrictions in the availability of raw materials and by steel mills maintaining a tighter control over supply. Balli Steel anticipates that prices are likely to continue to rise in the short term, however, there is the possibility that the market may start to show signs of fatigue in the third quarter, especially if the steel mills fail to retain supply restrictions.

Balli Steel reports that prices have risen by approximately US $200 per tonne since the start of the year regardless of their base level, equating to increases of approximately 35-40%.

Nasser Alaghband, CEO of Balli Steel commented: “Contrary to the views of most commentators at the beginning of the year, we have seen a strong rally in steel prices over the past six weeks, albeit based on relatively thin trading volumes. We anticipate that prices are likely to grow more conservatively over the rest of the year, although prices may come under pressure in the third and fourth quarters if steel mills decide to increase production.”

Although steel prices have risen across the board, there remain significant regional market variations. The Chinese market remains key, accounting for significant global demand and over 50% of worldwide production, however despite surpluses, China has not been an aggressive exporter. Elsewhere in the Asian market, demand from India has also remained very strong with significant imports made in the first quarter of 2010.

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