SIMEC focuses on the trade of non steel related commodity items whilst seeking to support the GFG Alliance as a whole with raw materials for its expanding process oriented businesses.
These trading functions are managed out of Hong Kong at the SIMEC Group’s Global Headquarters, London the European Headquarters and the Geneva office which focuses purely on third party commodity trading.
The commodities currently traded include crude oil and refined products. This includes global trading activities as well as the supply of bio fuels for use in SIMEC’s own power generation. Further activities include the stock and distribution of oil products through storage operations in the United Kingdom and Spain currently.
SIMEC also trades steam and coking coal and since inception has already traded several million tonnes throughout Asia from its Asia hubs and now also in Europe through its Geneva based offices.
These include nickel, aluminium, copper amongst others. Already the volumes of nickel traded rank the Group as one of the largest nickel traders globally.
These shall in due course include bauxite, alumina and other ores to complement and support the GFG Alliance companies growing manufacturing and processing operations.