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Long-term index-based contracts vs. Spot

Long-term index-based contracts vs. Spot

The global market for ferroalloys and metals as raw materials for the iron & steel industry is well in excess of 150 Billion US$.

There are two main instruments for consumers to buy and for suppliers to sell ferroalloys and metals: long-term index-based contracts and spot. In most cases, companies apply a mix of these two instruments. This combination varies a lot from company to company and also over time.

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Digital procurement – Advantages

Digital procurement – Advantages

Procurement is a very complex process that involves a lot of paperwork, negotiations, discussion of bids, among other tasks. Therefore, it is a very time-consuming process that might lead to inefficiencies. The good news is that the use of technology makes the process much easier and straightforward resulting in cost savings for any company.

Below is a summary of some key advantages of digitalising the procurement process. But first, the main procurement problems are mentioned.

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Incoterms – Which type should I use?

Incoterms – Which type should I use?

If you import or export metals and ferroalloys, you have to deal daily with the Incoterms, which regulate in detail the distribution of costs and duties, as well as the transfer of risk between the contractual parties.

But what exactly are Incoterms? What is their function? Which Incoterms are valid and what to keep in mind when negotiating on our marketplace? On this post, we answer these questions and summarize the most important facts about Incoterms 2010.

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Molybdenum – Global Market Insights

Molybdenum – Global Market Insights

Despite price recovery in China observed over the last couple of weeks, the global molybdenum products market is likely to remain under pressure until the end of Q3 2019. According to market sources and industrial experts, a number of factors will contribute to that:

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Nickel metal vs. Ferronickel for the production of ferrous alloys

Nickel metal vs. Ferronickel for the production of ferrous alloys

On this blogpost, we share the main findings of the study “Value-in-use of nickel products in the production of ferrous alloys” conducted by  Rasoul Sadeghi and, Dr. Sebastian Kreft. The study investigated and compared the effects of using nickel metal and ferronickel on the total cost and quality of produced ferrous alloys. The main results help both foundry operations and purchasing departments for making more informed decisions in selecting the optimal raw material.

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Top 3 marketplace features you should know

Top 3 marketplace features you should know

Now that the first half of 2019 is over, it is time to reflect on what has been a tremendous semester. We are happy that now 500 companies are actively using the Metalshub tool to buy and sell ferroalloys and metals. Compared to the first half of 2018, the transaction volume concluded on Metalshub has six folded to over $50 Million. This is legally binding contracts concluded, not trades “initiated”.

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Manganese markets are under pressure

Manganese markets are under pressure

After growing world steel output throughout spring 2019, the usual summer season lull has arrived early this year to manganese markets. Despite continuous growing steel production in China and new stimulus provided by Beijing, market insiders do not forecast any recovery in the next months to come.

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These are the different types of payment terms

These are the different types of payment terms

A major challenge in international commodity transactions is for the buyer and the seller to agree on the payment terms. Payment terms determine how credit risk is managed and which side bears which level of risk. Typically, each counterparty in a negotiation has its own preference of which terms to use taking into account the cost and risk.

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Four Questions For: Ilya Treshchalov – MBR METALS OÜ

Four Questions For: Ilya Treshchalov – MBR METALS OÜ

We continue with our “Four Questions For” series! This time we have the pleasure of interviewing Mr. Ilya Treshchalov from the Estonian trading company MBR METALS OÜ. He shares with us his interesting opinion about the performance of the market during the first two quarters of 2019 and what differentiates MBR METALS.

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Boost your back office productivity

Boost your back office productivity

For the majority of companies, particularly those in service-based industries, the back office is the heart of the business where most of the value is generated for customers. However, tracking productivity is often very challenging.

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