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STEMCOR The world's largest independent steel trader

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Steel futures<br />

Price volatility is increasing<br />

Stemcor Risk Management uses the new <strong>steel</strong> futures<br />

exchanges to manage price risk for the Group<br />

Alli Alliance with ith DDeutsche t h BBank k tto offer ff hedging h d i services i tto clients li t<br />

– Solutions for mitigating risk exposures and protecting operating margins<br />

Offer long-term long term fixed price contracts to customers<br />

Hold unsold stocks in warehouses and hedge price risk<br />

Commit to long-term g purchase p contracts from <strong>steel</strong> pproducers<br />

Enable longer-term variable price contracts linked to an<br />

objective price index

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