Koch Supply & Trading Expands into Steel Trading.Business Editors LONDON--(BUSINESS WIRE)--June 3, 2003 Koch Supply & Trading, LP has added steel to its trading capability, offering financial risk management and structured products to its worldwide customers. "As a global commodities trader, Koch Supply & Trading is continuously evaluating the extension of its expertise to complementary commodity markets," said Steve Mawer, president of Koch Supply & Trading. "Koch's experience and success achieved via its metals trading and risk management activities, coupled with its leadership and innovation in numerous commodity and derivatives markets The derivatives markets are the financial markets for derivatives. The market can be divided into two, that for exchange traded derivatives and that for over-the-counter derivatives. , gives it a firm foundation to explore this venture." Steel is the second-largest commodity market behind crude oil. Koch Supply & Trading has extensive experience across all aspects of crude oil, petroleum products and metals trading, and capabilities in risk management and cross-commodity offerings. "Koch Supply & Trading's participation will primarily involve developing and offering financial price risk management services for flat-rolled products to producers, service centers, converters, end-users and vested vested adj. referring to having an absolute right or title, when previously the holder of the right or title only had an expectation. Examples: after 20 years of employment Larry Loyal's pension rights are now vested. (See: vest, vested remainder) financial institutions," said Jeff Kabel, vice president of steel trading. "The company may couple these services with physical positions in the various steel-making process materials and the resulting finished products." Koch companies have 25 years of trading knowledge - expanding from trading domestic crude oil to globally trading a host of commodities. Koch Supply & Trading affiliates also have significant experience in refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar and pipeline operations. Koch Supply & Trading has traders Traders Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread. in Wichita, Houston, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , London, Mumbai, Moscow and Singapore and moves products through hubs, ports and terminals around the world, including the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe, Singapore and the Middle East. Koch Supply & Trading is a subsidiary of Koch Industries Koch Industries, Inc. (pronounced "koke") is a private corporation based in Wichita, Kansas. According to Forbes Magazine, it is the largest privately owned company in the world by revenue (surpassing Cargill in 2005 with the acquisition of Georgia-Pacific), with subsidiaries , Inc., a Wichita, Kansas-based firm that owns a diverse group of companies engaged in trading, investment and operations worldwide. More information is available at www.kochind.com and www.kochsteel.com. Koch Supply & Trading conducts financial service business in the United Kingdom through its agents Koch Metals Trading Ltd and Koch Supply & Trading Company Ltd. |
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