By Harriet Hunnable
| January 20, 2012
I was delighted to speak in Hong Kong earlier this week at the Asian launch of the Thomson Reuters GFMS Gold Survey – a long-established and highly-regarded source of analysis on the gold markets. CME Group is a sponsor of this year’s edition, but the value for us goes far deeper than this.
The report – [...]
By Harriet Hunnable
| January 20, 2012
Today we announced CME Group’s first-ever licensing deal with a mainland China-based price and index vendor. Mysteel is China’s leading service provider in the steel e-commerce sector. Based in Shanghai, it has established strategic partnerships with more than 20 metallurgic bodies in China and more than 600,000 registered members and information-collecting systems covering over sixty [...]
By Harriet Hunnable
| January 13, 2012
The news this week that CME Group had passed the milestone of 100,000 metric tons of coking coal swaps cleared since we launched the service in August 2011 was a welcome endorsement of the rationale behind the development of this new product – and a tribute to the industry which has embraced the change with [...]
By Harriet Hunnable
| November 4, 2011
Chinese demand has again shaken the global price of iron ore, and industry participants again have a need to respond accordingly. The price for iron ore delivered into China decreased last week to its lowest level since July 2010, according to The Wall Street Journal. Decreased demand for steel there follows the boom of recent [...]
By Harriet Hunnable
| October 5, 2011
Rapid economic growth and structural changes in Brazil, Russia, India, and especially China, have upended the ferrous metals industry in recent years. Steel raw materials and related products like ferrous scrap that were once traded domestically or north-to-south are now traded globally.
To counter what has become an unpredictable spot market, the industry has naturally looked [...]
By Harriet Hunnable
| May 12, 2011
What do the automotive and farming industries have in common these days? Illustrating the interconnectedness of the global economy, these two disparate industries are grappling with the rising costs of steel.
Automotive companies are charging higher prices as a result of metal costs. General Motors, for example, said it would raise car and truck prices by [...]
