NASS News Update Issue No. 205

12 November 2010

All Steels Trading Ltd. scoops Top Business Award

Congratulations to NASS Member, All Steels Trading Ltd., who has won the regional final of the HSBC Business Thinking Competition.  All Steels picks up a £100,000 first prize, £5 million of interest free trade finance over a 3 year period and qualifies for the UK finals to be held in Hong Kong in December.

All Steels beat 200 other companies persuading the "lion’s den" judging panel that their plans to start exporting steel into Scandinavia, the Benelux countries, Germany and France was founded on sound business practices and illustrated the sort of business planning and thinking that made All Steels stand out from the rest.

Laurence McDougall (All Steels’ Managing Director) said it was a superb award not only for All Steels but for the whole UK steel stockholding industry. "We are sometimes our own worst enemy, talking things down. This award illustrates that UK steel stockholding is a world class industry with a great future and this is now recognised by the largest UK bank, HSBC."  John Thompson (All Steels’ Chairman) said "When our name was read out I nearly fell off my chair! After 39 years in the steel industry this is the first award we have ever picked up."

The award ceremony took place in the Royal Hall in Harrogate and was hosted by the ITN newsreader Mary Nightingale.  Further information about the award can be seen on the HSBC Business Thinking website.