Varuna M International FZE (VMI) goes live with Brady’s metals trading solution for growth in international secondary markets

London, December 2019: Brady plc, a leading provider of trading, risk management and logistics solutions for global commodity and energy markets, announces that VMI has gone live with its ‘Quick Start’ physical trading solution for metals. ‘The current Short-Range outlook suggests that global steel demand will continue to grow in 2020, more than we expected in these challenging times, mainly due to China. In the rest of the world, steel demand slowed in 2019 as uncertainty, trade tensions and geopolitical issues weighed on investment and trade. Manufacturing, particularly the auto industry, has performed poorly contracting in many countries, however in construction, despite some slowing, a positive momentum has been maintained. While the global economic outlook is highly unpredictable, we expect to see further growth in steel demand in 2020 of 1.7%, with emerging and developing economies excluding China contributing more. This forecast faces significant downside risks if the current level of uncertainty prevails. We selected Brady’s ‘Quick Start’ solution for its ability to meet the essential capabilities were looking for, at the right price point, in the quickest timeframe possible,’ says VMI’s Managing Director. Brady’s ‘Quick Start’ solution is delivered pre-configured to support end-to-end trading business processes for base metals,… continue reading

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Source: CTRM Center

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