SINGAPORE Standard Bank
Group Ltd. has decided to shut down its steel desk.
A spokeswoman for the bank told
AMM sister publication Steel First that the
Johannesburg-based bank made the decision in November 2012,
when it conducted a general staff redundancy exercise across
its international business.
"We kept a skeleton crew in
order to run a few positions, and we have since that time
ceased any new business in steel," she said, adding that the
closure of the steel desk wont affect any of the
banks other business.
A version of this article
was first published by AMM sister publication Metal