Argus has reported that Monaco-based physical & derivatives commodities trading firm Levmet has re-entered the steel market with the launch of its subsidiary Steelmet International. London-based Steelmet will trade all major products, including hot-rolled and cold-rolled coil, hot-dip galvanised, billet, rebar, wirerod and scrap. Mr Julian Coates, previously of trading firms Cargill and Macsteel, will lead Steelmet. Mr Giulio Thuburn is commercial director of the business. Mr Coates said “Steelmet will also offer tailored financial and risk management solutions.”Levmet Chairman Mr Paul Chivers, Levmet Chief Executive Mr Andrew Campbell, Mr Coates, and Mr Thuburn are directors of SteelmetLevmet traded European hot-rolled coil swaps as far back as 2015, when there was a contract on London-based LCH.Clearnet. It now has a more widely adopted risk management tool at its disposal in the CME Group's north European HRC contract.Established in 2012, Levmet is a physical and paper trading business with our holding company in Malta and headquarters in Monaco. Levmet is a physical, futures and options trader specializing in raw materials, base materials and ferrous metals. The business is primarily focused on trading metals including copper, aluminium, zinc, nickel and bulk materials including solid fuels.