HSBC Held its North East Regional Final at the Royal Hall, Harrogate

From an overwhelming number of inspiring business thinkers who entered this initiative, 5 were selected as finalists from the North East to travel to Mexico on one of HSBC Thought Exchange trips, experiencing its business culture, economy and the opportunities it can offer.

From those 5, at the climax of the evening, HSBC announced two regional winners; who will receive up to £5 million in lending and a Financial Reward of up to £100,000. The finalists will go on to compete with the winners from 8 other UK regions to contend for the title of Overall Winner of Business Thinking 2010 at the prestigious International Insights event in Hong Kong.

All Steels Trading was victorious in this Regional Final and is looking forward to competing in the Hong Kong Final in December.

Speaking in Mexico Laurence McDougall said

"All Steels forward sells at least half of each shipment landed dockside, and plays the volatility of the markets to find buyers for the remainder. We want to sell into mainland Europe. Key target countries are Germany, The Benelux countries, France & Scandinavia."

and

"Britain simply can't afford to ignore the pace of globalisation and the acceleration on trade flows that are resulting from the growth in the emerging markets. Mexico is undoubtedly one of the hotspots for strong economic growth and British business will surely learn from watching how business grows in this type of environment."