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George Adcock, Business Manager for Non-Ferrous Metals at The London Metal Exchange (LME), the world’s premier non-ferrous metals market, will address attendees of the BIR World Recycling Convention & Exhibition in Dubai, today, describing a range of price risk management opportunities for the stainless steel industry.
The global economic downturn has put an emphasis on price transparency and risk management in the sector and Mr. Adcock will speak on the recent performance of the LME and the benefits of using LME contracts as strategic tools for price risk management. The speech will take place at 2pm on Monday, 25th May - the first day of the conference, held at the Grand Hyatt, Dubai - during the Stainless Steel & Special Alloys Committee session.
The LME recently celebrated the first anniversary of its steel billet contract which has quickly become an integral part of the steel industry as a reference price in physical scrap and reinforcement bar transactions. Since the launch of trading in the LME Ring in April last year, official volumes have surpassed 1.5 million tonnes, with LME members indicating that additional, non-cleared, OTC volumes are exceeding five times those trading across the exchange platforms.
At the LME conference stand – stand no. 19 - attendees will also be able to see demonstrations of LMElive, the Exchange's own real-time price and data product which provides access to prices, charts and key market reports.
The London Metal Exchange is the world's premier non-ferrous metals market. It offers futures and options contracts for aluminium, aluminium alloy, copper, tin, nickel, zinc, lead and NASAAC, steel billet, plastics and soon cobalt and molybdenum.
