Demand for price risk management demonstrates need for steel futures

Dec 05, 2006 | 09:27 AM | Phillip Price

The growing demand both from steel buyers and producers for tools to manage price risk demonstrates the need for a steel futures contract, according to Nasser Alaghband, joint chief executive officer of London-based trading house Balli Group Plc.

Speaking at the 4th Steel Success Strategies Europe Conference in Amsterdam, the Netherlands, hosted by World Steel Dynamics Inc. and AMM sister publication Metal Bulletin, Alaghband said that 62 percent of the steel industry is in favor of steel futures, and predicted that the majority of changes brought by the launch of a contract....

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