Category Archives: Materials

Industrial, Industrial Goods, Industrial Services, Industrial Supplies, Materials, Metals, Raw Materials

Dana Resources looking to Acquire Peruvian Silver Mines

Dana Resources (OTCBB: DANR) is a US-based precious metals development company with advanced stage gold and base metal properties in Peru. Management is pleased to announce progress on evaluating several potential silver acquisitions.

Dana Resources looking to Acquire Peruvian Silver Mines

Dana Resources is evaluating several opportunities in the silver sector in Peru. The company is looking for assets in production where it could make an investment in existing production situations to increase capacity to take advantage of current metal prices. The company is looking at three specific acquisitions.

Prospect one is a small scale Silver-Lead-Zinc mine. Dana believes with a minimum investment it could increase production from 50 tons per day to over 250 tons per day within 12 months time. Head grades are 25 oz/ton Ag, 7% Pb, 7% Zn and 2 grams/ton Au. Using the following numbers Dana could achieve the following cashflows.

Assuming an 80% recovery rate and a processing cost of $250 per ton, the company would be looking at an initial profit just under $6 million per annum on the initial 50 tons/day. Due diligence is ongoing.

Prospect number two is located in the Huancavelica Region. There is over 50 years of silver production in the area. The Huachocolpa Mine has produces approximately 25 million ounces of silver and the Julicani Mine produced approximately 80 million ounces. Major companies in the area include TSX listed companies Pan American Silver and Buenventura. Due diligence is ongoing.

Prospect three is an exploration project with several drill intercepts indicating a low-grade bulk tonnage deposit. Initial calculations by our geologist have indicated up to 30 million ounces of silver, although not in production yet, it could be brought into production in a short period of time with minimal capital expenditures.

The company continues with due diligence and hopes to conclude a transaction in the next several weeks.

Mr. Len DeMelt states, “Dana has implemented a plan to acquire producing precious metal assets in order to generate cashflows to leverage the current buoyant commodity prices. Our strategy is to acquire mines which initially require relatively small investments to increase production levels”.

About Dana Resources
Dana Resources is a precious and base metals exploration company with offices in the United States and Peru. Dana’s management team possesses local knowledge, extensive international connections, a wealth of experience and technical expertise in mining, mining finance, exploration and production. Dana Resources has acquired a portfolio of gold, silver and other precious & base metal properties located in Peru’s most prolific mining regions.

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Global Steel Recovery To Continue Into 2010

Balli Steel, one of the world’s largest privately owned independent commodity traders, anticipates that the global steel market will continue its recovery during 2010. Following a fall in apparent steel usage of approximately 15% in 2009, Balli Steel believes that usage could increase by up to 9% next year. However, consumption levels are unlikely to reach their 2007 peak until 2012 and recovery is liable to be driven by the Far Eastern markets, especially China, as European markets continue struggling.

Nasser Alaghband, Director of Balli Steel commented: “We are anticipating that the steel market will continue its recovery next year but growth is expected to be moderate and driven by emerging economies, with China’s influence continuing to be critical. There is a danger that consumption growth will not match the increased production capacity which has been created in recent years, which could lead to the possibility of oversupply.”

The economic downturn has severely affected demand for steel with apparent usage expected to fall by -32.6% in 2009 to 122 million metric tonnes*. This fall in consumption has led to a slowdown in production and Balli Steel estimates that many of the mills across Europe are operating at between 40% and 60% capacity.

The global recession has led to property downturns across the European Union resulting in an oversupply of both residential and commercial property which in turn has led to a significant slow down in construction. With the construction accounting for approximately 50% of global requirement, the property downturn has had a significant impact on the steel industry across Europe, particularly in Portugal, Italy, Ireland, Greece and Spain.

Projections from the World Steel Association suggest that steel usage across Europe could grow by up to 12.4% in 2010. However, Balli Steel believes the industry still faces a number of challenges with governments cutting spending on public sector and infrastructure projects.

Steel consumption in the Middle East has fallen at a slower rate than in Europe with usage falling by -9.8% in 2009 to 38,834 million metric tonnes*. The demand for construction steel has fallen across the UAE, but Dubai has been hit particularly hard due to a decline in the demand for property in the first quarter of the year. Balli Steel reports that construction steel demand in Saudi Arabia is likely to remain strong in the medium term as the country looks to develop good employment prospects for its population.

China continues to dominate both the Far Eastern and global steel trading markets accounting for almost 49% of world steel production as well as approximately 50% of global consumption equating to 1.5 million tonnes per day. There are signs of over production, but the Chinese government appears reluctant to instruct the steel mills to reduce supply. The result may be an increase in exports, despite existing trade tariffs, especially for galvanised steel.

India, has been largely sheltered from the global economic crisis but its steel market has remained relatively subdued. The country’s continuing economic expansion, combined with growth in domestic consumer demand and infrastructure projects should ensure that demand for steel in India will increase in the medium term.

Other smaller Asian markets are also showing signs of growth and recovery.

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China Dominates The Global Steel Market

Balli Steel, one of the world’s largest privately owned independent commodity traders, reports that China is expanding into the iron ore market and increasing its steel production capacity, against a backdrop of declining worldwide production.

Figures from the World Steel Association demonstrate that global steel production declined by 18.1% year-on-year in August 2009 to 758 million tonnes. In contrast, crude steel production in China increased by 5.4% over the same period. China now accounts for almost 49% of world steel production as well as approximately 50% of global consumption which equates to 1.5 million tonnes per day.

Balli Steel estimates that Chinese steel production already stands at over 400 million tonnes for the first 7 months of this year compared with 560 million tonnes during the whole of 2008 and only 200 million tonnes as recently as 2000. Domestic consumption of steel has also increased sharply in recent years from just 25% of global production 10 years ago to nearly half today. However, increased supply has enabled China to become one of the leading exporters of steel, joining the ranks of the EU and Japan, with exports exceeding 20 million tonnes.

Balli Steel highlights that three factors are currently driving China’s growing dominance in the global steel market. The first is the scale of domestic demand for both industrial and construction steel, which is currently evenly balanced, with the latter a reflection of the property boom in leading cities such as Shanghai, Beijing, Tianjin, Guanzho and Hong Kong. Real estate development grew by 10% in the first half of 2009 and automobile manufacturing grew by 16.4% during the same period resulting in increased demand for steel.

The second factor is that the depreciation of the US Dollar against the Yen and other world currencies is now reversing. In addition, other countries, such as Indonesia, are also seeing their currencies strengthen which is enabling their economies to stabilise adding to the demand for steel products.

The final driver is that the slight upturn in demand, combined with the fact that destocking has occurred, has led to an upward pressure on prices. Steel billet prices have risen from $300 per tonne two months ago to current levels of $450 per tonne.

Nasser Alaghband, Director of Balli Steel commented: “Both consumption and production of steel in China remains strong against a global backdrop of falling supply and continuing uncertainty in demand. China’s dominance of the global steel market is an indicator of the wider strength in the Asian market which has also seen an increase in production in other countries such as India and rising exports in Japan, albeit at lower levels than 2008.”

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Balli Steel Expands Further Into Asian Steel Markets With The Appointment Of Gianpiero Repole

Balli Steel, one of the world’s largest privately owned independent commodity traders, has furthered its expansion plans into the Asian steel market with the appointment of Mr Gianpiero Repole as Business Development Director. Gianpiero joins Balli Steel from Noble Commodities where he held the position of Executive Vice President of Steel in Hong Kong.

Gianpiero’s appointment is part of a strategic move by Balli Steel to strengthen its operations in the increasingly significant Asian steel market with a specific focus on China which now accounts for approximately 50% of both world steel production and global consumption.

Gianpiero has pan-Asian experience of the steel market and an extensive network of contacts which spans the region. He will spend a considerable amount of time travelling across the company’s network of offices and will be constantly promoting the business in both established and new markets. Gianpiero will also focus on increasing Balli Steel’s share of the flatroll trading market and looking at ways of maximizing revenue across the company’s Asian operations.

Vahid Alaghband, Chairman of Balli Group, commented: “We are very pleased that Gianpiero has joined Balli Steel as his experience and contacts will be invaluable to us as we look to expand our trading operations across the Asian markets. We see a number of strong opportunities for Balli Steel in the region over the next 18 months and believe that we are now well positioned to capitalise on these prospects.”

Gianpiero Repole commented: “My new role at Balli Steel is an exciting challenge, which brings with it countless opportunities to promote the company’s operations across Asia. My appointment coincides with a considerable strengthening in the Chinese steel market as both production and consumption levels continue to rise.”

Figures from the World Steel Association show that crude steel production in China increased by 5.4% year-on-year in August 2009, whilst global production declined by 18.1% over the same period.

Balli Steel estimates that Chinese steel production already stands at over 400 million tonnes in the first seven months of this year compared with 560 million tonnes during the whole of 2008 and only 200 million tonnes as recently as 2000. Increased supply has enabled China to become one of the leading exporters of steel, joining the ranks of the EU and Japan, with exports exceeding 20 million tonnes.

Nasser Alaghband, Director of Balli Steel commented: “The fortunes of the Asian and GCC steel markets have reversed over the past 20 years. In the 1990s and early 2000s the Middle East steel market was booming, however, now it is the Asian markets, led by China that has a dominant global position, whilst the Middle East markets remain subdued. We expect this trend to continue as the Chinese and Indian economies expand and we have already identified a number of key opportunities for Balli Steel across the region.”

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Design, Engineering, Industrial, Industrial Design, Industrial Engineering, Industrial Goods, Manufacturer, Materials

Couture Glass – Breaking New Ground In Large-Scale Glass Tile

GrayGlass www.grayglass.net with over 60 years of experience in the architectural and technical glass fields has spun-off a new company to enter the glass tile industry. GrayGlass recognizing the current economic environment has invested in this new venture to bring style and value to homeowners, builders and remodelers.

Couture Glass is breaking new ground in wall coverings with their remarkably affordable, high style glass tile. Their exquisite large-scale glass tile – Verre Tile has made quite a global impact with tile distributors, architects and designers. Couture Glass debut offerings includes an elegant collection of 3-D large-scale glass tile in sizes ranging f r o m 6″x 12″ to 18”x 24” in a palette of 12 colors f r o m subtle to spectacular and numerous dramatic textures which will compliment any room.

Light dances on the surface of the Riche pattern to create a range of hues f r o m the base color. This dynamic tile will reflect a myriad effect at different times of the day based on how light enters the room and strikes the wall.

Vogue will take your breath away with its multi-dimensional depth that incorporates softness, luxury and beauty. A distinctive feature of this tile is its ‘movement’, which mimics gentle winds caressing sand.

Luxe blankets walls with a gorgeous light-catching bristle effect that glistens and changes color. This eye-catching tile resembles luxurious fur and is a brilliant choice for anyone interested in adorning their walls with elegance.

Feeling reflective? Create the expansion of space while livening up your walls with this modern, versatile mirror tile available in our entire collection of 3-D VerreTile patterns.

This superior quality, TCNA tested, eco-friendly, high style glass tile collection has been created by our design experts with cutting edge tile trends in mind. This combination of style and function will appeal to traditional and modern taste alike. We are extremely sensitive to the current economic times, therefore, we are committed to deliver glass tile with excellent value and durability at a competitive price point that responds to consumer concerns and demands. Private label projects are welcome. Please visit our website to see our stunning collection of glass tile. For more information about Verre Tile by Couture Glass, visit www.coutureglass.com or contact Jennifer Wichard or Chris Vigianno.

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Industrial, Industrial Goods, Industrial Supplies, Materials, Metals, Steel

Limited Credit Insurance Continues To Hamper Steel Market

Balli Steel has warned that the limited availability of credit insurance is continuing to have a serious impact on the global steel market. The current lack of credit insurance means that whilst the demand for steel has increased over the past quarter trading volumes have remained static.

Credit insurance is a critical element in the supply chain as it provides suppliers of raw materials with guarantees that outstanding balances will be paid in the event of a steel manufacturer failing. In turn, credit insurance also protects steel producers themselves in the event of manufacturers defaulting on contracts. Steel traders and distributors are also heavily reliant on this insurance to be able to buy and sell on the commodities market.

Nasser Alaghband, Director of Balli Steel commented: “The trade finance sector of the steel industry is heavily reliant on bank finance and credit insurance. In the past three months bank finance has returned to normal trading, however, insurers remain unwilling to provide business credit insurance. This bottleneck is crippling companies’ abilities to trade with each other and could have far reaching consequences across the European economy just as the first signs of economic recovery are presenting themselves.”

Balli Steel highlights that this is an industry wide issue affecting even the largest organisations. For example in February 2009, Euler Hermes reduced the amount of cover it was willing to supply to Corus, the UK’s largest steel manufacturer, due to weakening global demand for steel.

Balli Steel highlights that as the banking crisis unfolded during 2007 and 2008, central banks stepped in to provide liquidity in the markets and eventually brought stability to the system. However, with the exception of AIG in the United States, insurers have not received the same level of assistance from Government and this is having a considerable impact on the sector.

Balli Steel believes that governments and central banks should assist in providing guarantees in the re-insurance market to provide the confidence to enable insurers to provide the necessary cover. If necessary, governments should be willing to become shareholders in institutions which require financial assistance.

Nasser Alaghband, continued: “The restoration of free flowing credit insurance market is essential for normal trading in steel to be resumed. We have first hand experience of European steel distributors being unable to complete deals worth several hundred thousand pounds due to a lack of available insurance. This is brining paralysis to certain sections of the steel market and is hampering economic recovery. We therefore believe where necessary governments and central banks should be willing to underwrite insurers to ensure business can resume.”

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Fabrics, Industrial, Industrial Goods, Industrial Supplies, Manufacturer, Materials, Quality, Raw Materials

The Chinese Pig Leather Industry in 2009

Due to the financial crisis, the export of leather has not been doing very well this year. The export value has decreased for the first time over the last 10 years. Some Chinese tanneries have to cut cost or scale down their production in order to get through the crisis, waiting for a comeback of international market demand very soon.

Pig leather industry is no exception. The production clusters have been shrinking and it is not hard to find some drums having stopped running for a while now.

Based on the analysis of our management team, we find some problems of the industry: 1) Excess capacity of certain kind of pig leather; 2) Frequent foreign trade frictions of the industry; 3) Product mix is too simple. Currently, some tanneries just produce one or two types of pig lining. They never think of upgrading their technology and producing value-added leather, such as vegetable-tanned leather.

Taili Leather Co., Ltd. has been aware of the above problems, trying to upgrade their overall technology and to extend their product range from pig lining, pig grain lining, pig split lining, pig grain lining and split rezined (glazed), pig suede and pig split suede to coated leather, embossed leather and so on. In the meantime, it managed to upgrade its technology and produce high quality vegetable-tanned leather. To avoid the risk from fluctuating market demand, Taili Leather Co., Ltd. extends their products range to leather belt, men’s belts, women’s belts, fashion belt, braided belt, cotton belt, ladies’ belts.

Most pig leather companies are labor intensive and highly depending on the export market. We are facing unprecedented challenges. As part of the pig leather industry, we should increase our competitive advantage with more know-how, try all the way to unite with each other and take full advantage of our resources, in order to fight against the hardship successfully.

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Balli Steel Warns Russian Steel Market Continuing To Face Challenging Conditions

Balli Steel, one of the world’s largest privately owned independent commodity traders, has warned that despite the bottoming out of the global steel market, the Russian market will continue to face challenging conditions for the next 12 to 18 months. Speaking at Metal Bulletin’s 7th Russian Steel Summit in Moscow, Nasser Alaghband, Director of Balli Steel, outlined that the strengthening Rouble and the impact of the annual Iron Ore negotiations could weaken the competitiveness of Russian producers.

balli

According to Balli Steel, the Russian Steel market has undergone considerable growth and wide scale transformation over the past decade with gradual modernisation of plants and production facilities. Russia is able to take advantage of abundant natural resources and competitive labour costs to produce steel on the lower side of the cost curve and has established a strong position as the 4th largest producer of steel in the world.

Balli Steel highlighted that the downturn in global steel prices has not been easy for the majority of Russian producers to absorb, with many in the midst of extensive capital investment initiatives on plant modernisations and new acquisitions.

Steel consumption appears to be down by 40% year-on-year, with Russia’s largest steel company, Severstal, expecting domestic demand to fall by 25% in 2009. Balli Steel anticipates that domestic demand will remain low as the country heads towards its first recession for 10 years.

However until very recently the decline in domestic steel demand was offset by export growth, with the weak Rouble, which had declined by as much as 36% against the Dollar in the previous year, making Russian Steel an attractive proposition to importers. However, in the last month, the Rouble has undergone a substantial appreciation which has put considerable pressure on the export prices. The profit margins for many of the Russian Mills have begun to shrink, with most producers now operating at close to cost. As a result, any further strengthening of the Rouble would put increasing pressure on Russian steel exports.

Nasser Alaghband, Director of Balli Steel commented: “Global steel prices have shown signs of recovery in recent months. However, whilst price improvements have been promising, steel has not recovered as well as some precious metals or energy commodities. We believe that steel prices will increase further amidst the global economic revival, although the recovery will not be smooth or uniform and individual markets, such as Russia, will continue to react differently to both domestic and international factors.”

About Balli:
Balli Steel is part of Balli Holdings, is a large private, multi-national corporation, chaired by Vahid Alaghband. The company is headquartered in London, but has offices in Dubai and other key business hubs around the world.

Balli was established in 1982 and operates a number of affiliated companies specialising in commodity trading, industrial, real estate and private equity with operations in over 20 countries. Together with its affiliated companies, Balli employs over 2,000 people worldwide.

Balli Steel is the company’s principal operating subsidiary, and is one of the largest independent traders of steel in the world. Balli Steel provides raw materials and steel to a number of market segments including steel mills, steel service centres, pipe and tube makers, the oil and gas industry and other designated end-user segments such as the packaging products industry.

The company’s real estate operations currently have are invested in a significant property portfolio comprised of over 900,000 sq ft of property under development with a Gross Development Value of some $800 million, and an additional 2 million sq ft and a GDV of almost $2.5 billion in the pipeline.

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Balli Steel Reports Enhanced Role For Steel In Construction Industry Despite Slowdown

Balli Steel, a leading international steel trader, has reported that despite the slowdown in the global economy, the role of steel in construction industry markets across the world will grow. Balli Steel highlight that this growth is due to a range of factors including environmental and recycling benefits, urbanisation, technological advances and the load bearing, high rise opportunities, safety and speed of construction benefits that steel provides.

balli

Company forecasts indicate that global annualised steel production this year is to be 1.1 billion tonnes, with the construction industry being the largest end-user of steel, accounting for over 40% of total steel consumption.

Balli Steel calculate that the competitive cost gap between steel and concrete building frames is widening. A recent report by the British Constructional Steel Association (Q4 2008) showed a £22.22 per sqm advantage for steel frames over concrete, up from £12.10 per sqm in 1995.

Another advantage is that whilst steel has a higher embodied carbon value per tonne than concrete, a tonne of steel goes a lot further so steel structures generally have a lower carbon footprint than concrete ones.

Vahid Alaghband, Group Chairman of Balli Steel, said: “Whilst many people may often equate steel buildings and infrastructure schemes with super-high rise and large span structures, steel is also used extensively in small scale and low rise buildings. Steel is used throughout the construction industry and the building process, not just on mega projects.”

Balli Steel points to the global process of urbanisation as another factor driving the demand for new buildings, and therefore a demand for construction steel. The United Nation’s (UN) latest figures show that 50% of the world’s population live in urban areas. Over 3.2 billion people now live in cities, up from 732 million in 1950. The UN calculates that by 2050, over 6 billion people, 75% of humanity, will be living in towns and cities.

In the current ecologically aware times, steel is often favoured over other materials like wood and plastic. Nasser Alaghband, Managing Director of Balli steel commented: “The advantages of steel in the building construction process include strength, energy efficiency, design flexibility, fire resistance, speed of assembly, material cost advantage and less maintenance. The steel industry has been actively recycling for more than 150 years and it is becoming increasingly financially and environmentally advantageous to continue with this approach. It is cheaper to recycle steel than to mine iron ore and manipulate it through the production process to form new steel.”

Over 95% of structural steel beams and plates, used in building manufacture, are recycled, and similarly, other construction industry elements such as reinforced bars are recycled at a rate of around 65%. Balli highlight that the energy saved by recycling these large amounts of steel globally is enough to power 18 million homes around the world for one year.

About Balli Holdings
Balli Holdings, is a large private, multi-national corporation, headquartered in London, but with offices in Dubai and other key business hubs around the world. Balli was established in 1982 and operates a number of affiliated companies specialising in commodity trading, industrial, real estate and private equity with operations in over 20 countries. Together with its affiliated companies, Balli employ over 2,000 people worldwide.

Balli Steel is the company’s principal operating subsidiary, and is one of the largest independent steel trading companies in the world. Balli Steel provides raw materials and steel to a number of market segments including steel mills, steel service centres, pipe and tube makers, the oil and gas industry and other designated end user segments such as the packaging products industry.

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Balli Steel, One Of The World’s Largest Privately Owned Independent Commodity Traders, Forecasts Economic Recovery In Five Phases

Balli Steel, one of the world’s largest privately owned independent commodity traders, has forecast that the global economic recovery will sequentially occur in five phases, with increased demand for steel in each sector acting as a barometer or indicator of such recovery.

balli

Balli Steel highlights that global annualised steel production this year is forecast to be 1.1 billion tonnes, down on last year’s record 1.3 billion tonnes, but significantly higher than the 800 million tonnes recorded in 2000.

Balli considers the steel markets of North America, Europe and the Gulf Co-operation Countries (GCC) the hardest hit by, not only the credit crisis, but by overstocking and speculation on future prices. Balli expects the market in the GCC economies to see a gradual improvement while North America and Europe will experience continued problems. Forecasts indicate that Japan and South Korea will also continue to face economic challenges since their industries are more dependent on Western Europe and North America.

Vahid Alaghband, Group Chairman of Balli Steel, said: “The credit crunch and global economic downturn has had a ‘Tsunami Effect’ covering all key economic sectors: steel and other commodities, property, automotive, capital goods and finance. At present steel producers are operating only at around 50-60% of their capacity. We consider the implementation of government driven stimulus packages, which will see significant public sector investment in civil engineering and infrastructure projects, will procure the first phase of the global economic recovery.”

Balli Steel considers that the second phase will be characterised by a gradual recovery of the housing market that is expected to begin in Q4 2009, and which will be led by key cities such as London, New York, Singapore and Hong Kong.

Vahid Alaghband observed: “With prices down by up to 40% in certain markets, overnight interest rates at the near zero level, and yields at up to 10%, property has become a good long term investment again. With supply at a record low we expect the market to grow steadily through to beginning 2010 and well into 2014. The return to the market of competitive mortgages will prove a further boost.”

Phase three of the recovery will be characterised by increased demand for products that rely on unsecured loans and consumer-credit. Balli Steel calculates that the retail, white goods and automotive industry will begin to see a return to recovery to begin around Q2 2010.

Balli also expects a recovery of the global shipbuilding industry, providing a major boost to steel traders, in the first quarter of 2011, marking the return to more normal international trading patterns and leading the fourth phase of the global recovery. The fifth phase will be a return to more normal investment in capital goods by producers as they gain confidence in the state of the world economy.

“We are by no means out of the woods yet and there is a lot of pain ahead of us in 2009 and 2010. But in the last few weeks as I speak to business counterparts the general consensus appears to be that we are no longer in a state of uncontrolled free-fall and we are at or close to the bottom in a number of markets”, said Vahid Alaghband.

About Balli:
Balli Holdings, is a large private, multi-national corporation, headquartered in London, but with offices in Dubai and other key business hubs around the world. Balli was established in 1982 and operates a number of affiliated companies specialising in commodity trading, industrial, real estate and private equity with operations in over 20 countries. Together with its affiliated companies, Balli employs over 2,000 people worldwide.

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Engineering, Fabrics, Fiber, Industrial, Industrial Engineering, Industrial Supplies, Manufacturer, Materials

Bakner Limited Forms Strategic Partnership With Glovetex and Texinpro

Bakner Limited today announced a strategic partnership with Glovetex and Texinpro designed to expand their Global business. Glovetex and Texinpro are leaders in textile engineering. Bakner Limited develops, manufactures, and consults with partners in China to serve their Global clients.

“The partnership expands Bakner’s capabilities in fiber and yarn extrusion, spinning and blending,” said Jason Baker, Bakner’s cofounder. “We will enhance Bakner’s intellectual property by developing and patenting new high performance yarns.”

“We are excited to be partnering with two high-quality manufacturing and development companies and this agreement represents a great opportunity to grow our business,” said Matthew Wagner, cofounder.

“The combination of Glovetex and Texinpro’s efficiency, capability, and knowledge after 15 years in the textile field, and the revolutionary innovations and continuous development of Bakner, will provide positive results to our Global clients,” said Wongchai Sermsak, CEO of Glovetex.

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International Steel Returns To Normal Trading Levels Reports Balli Group

Balli Group Chairman, Vahid Alaghband, reports international steel market bottoms out and returns to normal trading levels.

Vahid Alaghband, Group Chairman of Balli Group, one of the world’s largest privately owned independent commodity traders, has stated that he believes the indications are that the international steel market has now bottomed out and is once again experiencing a normal trading environment, albeit at reduced volumes.

The return to regular steel trading confirms that the market has now recovered from the state of paralysis it found itself in last year.

Vahid Alaghband commented: “The international steel trading market is no longer frozen and we expect further stabilisation over the next 6-12 months. The return of normal trading and the relative stability of prices is an important milestone in the recovery of the construction industry and for the global economy.”

Nasser Alaghband, director at Balli Steel, added: “The bottoming out of the market for steel follows a cut in capacity by producers in response to the global downturn in construction and the seasonal fall in demand for the northern hemisphere. The growth of the steel futures markets for construction steel in London and Dubai since 2007 has helped increase price transparency and has enabled decision making on capital investment.”

Major steel consumers – property developers, construction firms and ship builders – welcomed the growth of the futures market for steel as it provides them with a means of controlling risk by enabling users and suppliers to lock in prices and avoid losses.

Balli Steel experienced good trading levels in Q4 (2008) and expects Q1 to be slower, partially due to seasonal variations in the market. Near normal market conditions are predicted for the second half of the year.

Nasser Alaghband observed: “The market became incredibly difficult and almost non-existent early in 2008 as demand, principally from the construction industry evaporated in response to the global financial crisis. The situation eased during the third quarter and by Q4 the market began to trade again in a normal fashion.”

“One major obstacle to European trade is the loss of access to credit insurance as insurers such as Euler Hermes and Atradius re-evaluate their exposures in deteriorating economic conditions”, Nasser concluded.

About Balli Group plc

Balli Holdings, is a large private, multi-national corporation, headquartered in London, but with offices in Dubai and other key business hubs around the world.

Balli was established in 1982 and operates a number of affiliated companies specialising in commodity trading, industrial, real estate and private equity with operations in over 20 countries. Together with its affiliated companies, Balli employ over 2,000 people worldwide.

Balli Steel is the company’s principal operating subsidiary, and is one of the largest independent traders of steel in the world. Balli Steel provides raw materials and steel to a number of market segments including steel mills, steel service centres, pipe and tube makers, the oil and gas industry and other designated end user segments such as the packaging products industry.

The company’s real estate operations currently have a property portfolio of over $3billion, comprised of over 900,000 sq ft of property under development with a Gross Development Value of some $800million, and an additional 2million sq ft and a GDV of almost $2.5billion in the pipeline.

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Chemicals, Environment, Industrial, Industrial Goods, Lubricants, Manufacturer, Material Handling, Materials, Oil, Petroleum, Raw Materials, Safety

Total Chemicals have deployed an innovative method of delivering safety information in a more structured and timely way by their storage and manufacturing specialists

TOTAL Chemicals has developed an IT approach to reduce safety concerns associated with the manufacture and storage of chemicals.

The Total Chemicals operational team consists of experienced specialists from within the world of chemicals, blending, distribution and storage.

Total have the ability to manufacture and store a wide variety of chemicals including dangerous goods with Registration Categories covering clauses 3 to 6 and 8 as well as non-hazardous goods, all under cover in dry storage.

Within the chemical industry the ability to speak in a timely way with a suitably knowledgeable person in regard to chemical storage safety and planning issues has always been a problem with the potential for serious adverse outcomes.

To meet this problem head-on Total employed internet consultants WebStation Australia to research the various options available. WebStation chose the proven GObookings AppointmentDiary V9 system to manage the situation automatically by way of online appointments. This solution allows the online customer to firstly select a product range and day; available times are then displayed reflecting the availability of the chemicals storage specialist consultants. Customer appointments are then made for a preferred time in an easy, seamless and user-friendly way. The outcome; the customer is able to book the ‘right’ consultant to telephone them at a time which suits with confirmation by email. The Total consultant then calls back at the appointed time.

Chris Barton Co-Founder of TOTAL Chemicals commented – “Total now has an industry first; a measured and efficient solution to provide faster response times for critical advice for safety and planning issues.”

TOTAL Chemicals range of products include alcohols, chemical manufacturing, toll blending, flexographic solvents, hydrocarbons, oils, greases, lubricants, thinners, paint strippers, safety solvents, solvents, specialty chemicals and raw materials.

Web Resources -Total Chemicals – www.totalchemicals.com.au
GObookings Systems – www.info.gobookings.com

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Chemicals, Coating & Laminating, Composites, Contactors, Converters, Industrial, Industrial Services, Machinery, Materials, Plastics, Polymers, Raw Materials

Biomatdev – website for biobased and biodegradable materials

Biomatdev is a B2B website in both french and english entirely dedicated to the industry of biobased and bio-degradables: polymers and raw materials, additives, semi-finished products, intermediates, processing,equipments, research, distribution and services.

Until now, there was no B2B tool for all these “new” products such as natural and synthetic biodegradable polymers, bioplastics, green surfactants and green additives, biolubricants, biosolvents …

But a lot of industry players have already invested highly in the development and marketing of these bio-products and want to highlight their innovations. With Biomatdev, raw materials suppliers, manufacturers and converters, machinery and mould makers, distributors have a place which exactly aims them to promote their activities and get in touch with suppliers and customers.

It’s truly a business platform, focused on five large areas of applications: Plastics and composites – Paints, inks and coatings – Industrials products & intermediates – Roads, buildings and gardening – Research, machinery, tooling & services.

Free access for all visitors, Biomatdev is an entirely automatized website which allows users to list themselves their company and products and to advertise. Biomatdev gives to companies a large range of possibilities: listing in the manufacturers and products directory, advertisement – sell and buy offers – training and job classifieds. At last, everyone can find on Biomatdev market news and current regulations, a list of specialized links and a calendar of related events.

About Biomatdev owner: Biomatdev is a private and independent initiative launched by two French specialists in selling advertising space for B2B media. Their goal is to create a practical business tool for all parties involved in the increasing industry of biobased and bio-degradable materials and products.

Via EPR Network
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