Posted: May 17th, 2013 | Author: Rod Sherkin | Filed under: China, Steel | Tags: iron ore, iron ore china, iron ore price, iron ore stock, rebar, rebar price | No Comments »
Steel reinforcement-bar futures headed for a weekly loss as the price of iron ore, the main ingredient in steelmaking, fell to the lowest in five months. Rebar for delivery in October on the Shanghai Futures Exchange fell as much as 0.6 percent to 3,529 ($575) a metric ton and was at 3,531 at 10:15 a.m. local time.
Futures have declined 3 percent this week, the most since the week ended April 19.
Ore with 62 percent iron content at the port of Tianjin fell 1.1 percent to $125 a dry ton yesterday, according to The Steel Index Ltd. “The view that iron ore prices will continue to decline is becoming more convincing, which leads to expectations for lower steel-products prices in the second half of 2013,” Zhang Lei, analyst at Nanhua Futures Co., said by phone from Shenyang today.
Read the rest of Rebar Set for Weekly Decline as Iron Ore Falls to Five-Month Low » » »
Posted: May 16th, 2013 | Author: Rod Sherkin | Filed under: China, Steel | Tags: china steel, steel, steel glut, steel output, steel price, steel production | No Comments »
A surge in Chinese steel production and a flood of exports are pressuring world-wide steel prices despite Beijing’s efforts to rein in the steel industry, in the latest example of the global impact of China‘s massive industrial overcapacity.
Global steel prices have fallen 3.5% since February to an average of $710 a ton, according to MEPS steel consultancy. While China hasn’t been shipping much more directly to the U.S., much of its material is destined for the world’s largest economy via trans-shipments through Japan, South Korea, Singapore or Malaysia.
Read the rest of Surging Chinese Steel Exports Put Pressure on World Prices » » »
Posted: May 6th, 2013 | Author: Pascal Blanc | Filed under: Best practices, Gem, Negotiating with Suppliers | Tags: negotiation, rfp, supplier, supplier negotiation, tradeshow | 1 Comment »
Dear Purchasing Professional,
We usually don’t get to speak with you directly when we respond to an RFP. But if we could, this is what we’d say.
We’d like you to know that to get the best value when buying custom tradeshow exhibits you need to take a slightly different purchasing approach. These products require creative thinking (like advertising), and work best when uniquely crafted to fit your company’s needs.
Custom trade show exhibits are not one-size-fits-all. They differ from system or portable exhibits such as standard pop-up and tabletop exhibits. In a nutshell, they are properties created specifically for your company and should not be valued strictly on a basis of price.
“Will this design represent our company better and thus generate more leads, sales, and press coverage?” is what you really need to ask yourself. Read the rest of A Supplier’s Advice for Purchasing Custom Tradeshow Exhibits & Environments » » »
Posted: May 4th, 2013 | Author: Rod Sherkin | Filed under: China, Gem, Metals, Steel | Tags: china, metal, steel | No Comments »
By rights, many companies should have closed. Instead, they march on like zombies, China’s industrial undead.
China simply makes too much steel. The government estimates that China’s annual production is about 100 million tonnes more than it should be, a figure equal to the whole annual output of the industry in the United States.
Worse, China has far too many steel companies, more than 700 at last count. Add in iron companies and companies that roll or otherwise shape steel, and the total comes to more than 7,000. Despite repeated government attempts to force them to consolidate into fewer, bigger companies, most of them are still small and inefficient.
via China’s runaway steel train on Propurchaser.
Posted: April 24th, 2013 | Author: Tom Bowers | Filed under: CSR in purchasing, Gem | Tags: corporate social responsibility, CSR | No Comments »
Commodity production in many parts of the world causes huge problems for local communities. Extractive industries located in areas with poor environmental protection and enforcement can be particularly damaging.
For example this contentious aluminum refinery in Niyamgiri, India: The battle for Niyamgiri
Should purchasers have a role in influencing supply chains by avoiding companies with dubious social and environmental ethics? Would this be interfering with domestic governance and development, or does CSR (corporate social responsibility) pave the way for this type of decision? Are purchasers in a position to obtain and evaluate the information needed to make those decisions?
Posted: April 22nd, 2013 | Author: Pascal Blanc | Filed under: Aluminum, China, Commodities, Copper, Gold, Metals, Steel | Tags: base metal, Copper, copper price, Gold, gold price, industrial metal | 1 Comment »
Industrial metals prices trading on the London Metal Exchange were shaken this week by an unexpected slowdown in Chinese growth, followed by gloomy indicators in the United States, which cast doubt on global growth strength.
Like oil and gold, base metals were taken Monday in a huge selloff movement affecting all commodities: speculative investors were rushing to withdraw from the market.
“The week started quietly in Asian trade … until China published macroeconomic statistics that totally reversed the trend“, said Edward Meir, analyst at broker INTL FCStone.
Read the rest of Base metals caught up in the turmoil » » »
Posted: April 19th, 2013 | Author: Tom Bowers | Filed under: CSR in purchasing, Gem, Greening the Supply Chain | Tags: CSR, green purchasing, sustainability | No Comments »
The benefits of avoiding extraction and primary processing are usually significant, even when collection, transport and reprocessing of recycled material is taken into account.
An increasing range of recycled products are coming onto the market, such as glass, steel, aluminium, plastics and paper. Usually calculating the carbon benefit is reasonably straightforward. As the final products must perform to similar standards (whether from virgin or recycled materials) in order to compete in the market place, the carbon footprint during their ‘use phase’ will also be very similar.
Read the rest of The Carbon Benefits of Recycled Materials » » »
Posted: April 14th, 2013 | Author: Tom Bowers | Filed under: Best practices, Economic Indicators, Gem | Tags: greendex | No Comments »
If your business is expanding into new or facing competition in existing markets, can you benefit from enhancing your green credentials to meet consumer preferences?
Greening your supply chain could provide a competitive edge in markets where consumers are increasing concerned with environmental issues and making spending decisons based on those concerns.
Find what you can learn from the Greendex Survey.
Posted: March 25th, 2013 | Author: Pascal Blanc | Filed under: Energy, Europe, Shale gas | Tags: shale gas, shale gas europe, shale gas france, shale gas poland, shale gas production, shale gas uk | No Comments »
The energy revolution experienced by the United States for the past ten years will not come to Europe anytime soon. Members of the European Union are indeed very divided on the issue of the exploitation of non-conventional energy resources.
In November 2012, after 3 studies published earlier by the European Commission which concluded that Europe would not reach energy self-sufficiency, the European Parliament invited to comment on the development of shale gas, was unable to pass a binding resolution. In the end, the two resolutions adopted in Strasbourg just called for the Member States to exercise caution in this area because of environmental constraints.
A binding resolution encouraging to explore or exploit shale reserves would probably not have had a majority of votes because of many European MPs opposition, as risks associated with shale gas extraction are not perceived in the same way throughout Europe.
Read the rest of Shale gas – Europe – The current situation » » »
Posted: February 26th, 2013 | Author: Tom Bowers | Filed under: Best practices, CSR in purchasing, Greening the Supply Chain, What's Happening in Our Profession | Tags: sustainability, sustainable practice, sustainable sourcing | No Comments »
The 2012-13 annual Carbon Disclosure Project (CDP) Supply Chain report has been recently published. There is a glut of useful information within the 22 pages, and here are some of the highlights.
Firstly, the report concludes that climate change is creating very real supply chain risks, with 70% of respondents identifying at least one serious risk to their business due to the impacts of climate change. This makes sober reading where ever you are in the value chain of a product and emphasizes the need for a risk based approach to sustainable supply chains.
Read the rest of Carbon Disclosure Project Supply Chain Report » » »