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Commodity house Gunvor starts iron ore trade from Singapore

Published on Mar 28, 2014 9:12 AM

LONDON (Reuters) - Commodity house Gunvor now trades iron ore as part of its strategy to diversify in both what it deals and where it operates, the company said on Thursday.

Privately-owned Gunvor has stared trading physical iron ore and iron ore derivatives from Singapore, the main trading centre for the steelmaking ingredient widely consumed in China.

Gunvor has hired traders Darren Toh, previously at steel trader Stemcor and Brett Suann an iron ore veteran previously at BHP Billiton and Mitsubishi.

It also hired Dan Brebner, a metals analyst formerly at Deutsche Bank.

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