BIR World Mirror on Ferrous Metals / Quarterly report - January 2015

PRESIDENT'S OPENING REMARKS
by William Schmiedel, Sims Group Global Trade Corporation

Dear colleagues,    

As your new divisional President, I would like to begin by wishing everyone a very prosperous and abundant New Year. With the New Year, there will no doubt be new hurdles we will face as an industry. Nevertheless, I believe we can all agree that we will ‎continue to seize and overcome these challenges one by one during the course of the year.

As we reflect on the events of 2014, we saw a huge increase in Chinese semi-finished and finished steel exports into consuming markets that were generally large ferrous scrap importers. Many of us were breathing a sigh of relief when, as of January 1, the Chinese government removed the export rebate for boron-added steel products; however, we now see billets with other additive elements like chrome being traded, and so perhaps the export volumes may not see much, if any, decrease (...)

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