HRC Futures: Markets Fairly Volatile

Gaurav Chhibbar is a partner at Metal Edge Partners, a firm engaged in Risk Management and Strategic Advisory. In this role, he and his firm design and execute risk management strategies for clients along with providing process and analytical support. In Gaurav’s previous role, he was a trader at Cargill spending time in Metal and Freight markets in Singapore before moving to the U.S. He can be reached at gaurav@metaledgepartners.com for queries/comments/questions.

Ferrous markets globally have been fairly volatile over the last few days. Let’s start with the iron ore market since the impact of its movement is also trickling over to our own backyard. The ore prices rallied hard post the news of Vale’s dam break and subsequent news of mine closures that created panic amongst traders. Many anticipated the post-holiday return to market by the Chinese to be marred with further scrambling to access ore supply.