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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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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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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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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.

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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.

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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.

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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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MFGmatch.net Helps Companies Get Manufacturing Quotes From Machine Shops

The Industrial Leaders Group announced today the launch of MFGmatch.net, a custom manufacturing marketplace to connect companies with machine shops and contract manufacturers. The company said the new site was launched in response of a serious need for small and medium sized job shops with limited marketing budgets to compete with larger shops with a more dominate online presence.

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According to Conrad Bailey, spokesperson for MFGmatch.net, the site is designed to help domestic and international machine shops promote their services online while enabling those in the market for custom manufacturing services to submit RFQ’s (request for quotes) directly to national and international manufacturers at . Bailey said the focus of the site is on machined parts, precision components and other custom products constructed in various metals, plastics, rubber, wood and other materials.

“MFGmatch.net was designed to include offerings for all types of services provided by machine shops such as castings, engineering and design, fabrication, forging, woodworking, tool and die making, prototyping, plastic and rubber parts, molding, mold making, metal finishing, precision machining, heat treatment, forging and other custom manufacturing solutions,” said Bailey. He added, “Industrial Leaders created the site because research has shown many smaller shops are in need of a lead generation service they can afford and compete with larger manufacturers that often dominate search engines and other industrial marketplaces on the Web.”

Bailey said there are existing site that charge machine shops as much as $5,000 and up annually for the privilege to access RFQ’s with no guarantee of results in terms of new customers. MFGmatch.net on the other hand is free for both the buyer as well as the supplier. He explained, “It’s a win-win situation for everybody involved because the money saved by the machine shop that would usually be spent on advertising can be passed on to the buyer.”

About MFGmatch.net
MFGmatch is a FREE Custom Manufacturing Marketplace at http://www.MFGmatch.net connecting buyers and suppliers of custom parts, precision components, machined items and other made-to-order products and solutions. The site is the solution to high-priced marketplaces as it’s designed to enable machine shops, contract manufacturers, foundries, engineers and other professionals to post and explore RFQs at no charge.

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Custom and Build-to-Spec Workbench Solutions By OnePointe Solutions LLC

OnePointe Solutions LLC (www.OnePointeSolutions.com) announces the launch of a new website, which focuses on 5 core elements of their workbench product: (1) modular workbench design, (2) laboratory solutions, (3) custom workbenches, (4) mobile material handling and instrumentation carts and (5) stainless steel workbench solutions.

The new website showcases their products, but also provides “how to” contact information and a customer support platform that is state of the art and easy to use. The new website displays the company’s high standard of workmanship along with a flexible variety of components and made-to-order specifications. With these new workbench applications, OnePointe Solutions bolsters its position as a top provider of high-performance workstations that can enhance productivity across all industries.

“Our innovative workspace solutions enable our clients to have the ability to maximize space and adjust to workflow, which can translate to sizable savings on real estate costs and an increase in employee productivity,” comments Aaron Boto, CEO of OnePointe Solutions, LLC. The company offers a wide array of materials in their workbench products, including plastic laminate, stainless steel, chemical resistant and ESD laminate, maple block, laboratory grade phenolic and epoxy resin.

In terms of laboratory solutions, OnePointe Solutions has also assembled work tables, wall units, laboratory islands, and even modular carts that are suitable for all laboratories. Mike Triche, Chief Operating Officer for OnePointe Solutions, LLC said, “Customers can now view and search for task specific products right on the website such as microscope tables and heavy duty laboratory workbenches that can withstand the daily demands of their laboratory or technical facility.”

In addition to custom-made workbenches, OnePointe Solutions also provides custom designed technical or laboratory furniture. OnePointe offers a wide range of technology hardware and bench related accessories that can easily integrate into the workstation for optimal performance. Items such as LCD monitors, monitor arms, monitor rails, servers, CPU’s, printers, webcams, TV’s, bin rails, magnifying lamps, special steel drawers, mobile storage solutions and overhead lighting just to name a few.

OnePointe Solutions also provides a variety of stainless steel solutions that are NSF-certified and clean room-ready. Their products are constructed to help their customers meet specific material-handling requirements in the food service and healthcare industries. (food zone certifications like NSF 51, for example). Using stainless steel clean room product that is specifically designed for electronics and healthcare manufacturing companies, OnePointe Solutions provides clean room-ready tables built using solid or perforated tops that can either have a brushed or electropolished finish. Workbenches in this category are made with 14 gauge stainless steel and are alcohol wiped and bagged for shipment.

About OnePointe Solutions, LLC
OnePointe Solutions, LLC (http://www.OnePointeSolutions.com) is a one-stop shop for technical furniture and custom workbenches. In addition to being a custom manufacturer, the company represents nearly 1,000 technology manufacturers and more than 600,000 products that can be integrated into workbenches and used in laboratories, light or heavy manufacturing, clean rooms, and food and healthcare industries and office environments.

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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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