Founded in 2013, Singapore Iron Ore Week (SIOW) has grown to be the most anticipated Conference in the iron ore and steel industry calendar. Through close collaboration with the industry, and active participation from key industry players, SIOW is now the platform of choice to discuss and debate the latest industry trends and market developments.
Featuring the flagship Singapore Iron Ore Forum (SIOF), SIOW 2019 will comprise the SIOF Welcome Reception and SGX Commodities Awards Night, SIOF Gala Dinner, trade exhibition, sports tournaments, inter-varsity debates on environmental and sustainability issues, education workshops and a number of networking receptions hosted by leading industry players.
The vision is for SIOW to become the global platform in promoting and deepening industry-wide cooperation amongst industry, government and businesses in the iron ore and steel industries. Through innovation, liberalisation, service and development, we endeavour to take SIOW 2019 to greater heights.
Join us in making Singapore Iron Ore Week a spectacular event in 2019!
Singapore – An International Commodities Trading Hub
Singapore has successfully established itself as the leading hub for global commodities trading in Asia. Today, it offers world class business and legal infrastructure, a diverse marketplace and a large pool of skilled global talent.
Singapore is the world’s second largest metals and minerals trading hub after Switzerland and has grown from having just a few companies to a community of over 200 today, and 95 of them are active traders of iron ore and steel products.
We have also anchored all of the top three iron ore producers globally, accounting for more than 65% of market share. They have also anchored their global ferrous marketing and sales, procurement, risk and supply management, and chartering teams here.
Singapore’s success as a trading hub extends beyond ferrous and non-ferrous metals, into the precious and minor metals space. Since the lifting of GST on Investment Precious Metals in 2012, the volume of gold traded out of Singapore has grown at a 5-year CAGR of 40%.
Click here for more information on ’Trading from Singapore’.
SGX – The Dominant Clearing House For Iron Ore Derivatives
As a key constituent of Singapore’s financial ecosystem, SGX provides domestic and international market participants with direct access to risk management instruments. In 2017, SGX cleared over 1.7 billion metric tonnes of iron ore derivatives (swaps, futures and options) – more than 1x the physical seaborne market, and accounting for over 95% of the international market for cleared iron ore derivatives.
To find out more about SGX Iron Ore derivatives contracts, please click here.