DB and Stemcor forge steel trading alliance
Deutsche Bank has formed a strategic alliance with the world's largest independent steel trader Stemcor to offer steel derivatives products.
The two organisations will offer hedging services to their combined client base through Deutsche Bank's sales and trading teams.
The alliance will cover steel products and raw materials for making steel and will be managed by Ray Key, global head of metals trading at Deutsche Bank, and Jean-Luc Fiorenzoni, director of risk management for Stemcor.
"This agreement will expand our metals product offering and synergize the bank's financial expertise and Stemcor's in-depth knowledge of the physical
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