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Total Global Steel was formed in 1999, and since its inception has grown to become one of the UK's foremost independant Structural Steel Traders specialising in physical metal trading, futures and hedging, online trading and LME brokerage. 

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TGS is now on CBEEX

Total Global Steel on CBEEXTotal Global Steel Awarded Place on the China Beijing Environment Exchange

Total Global Steel has recently been awarded a coveted position on the China Beijing Environment Exchange (CBEEX). http://www.cbeex.com.cn/article/hyfw/hyml/

Total Global China (“TGS”). a wholly-owned Chinese subsidiary Total Global Steel one of the UK’s fastest growing commodities traders and member of the LME, Bluenext and EEX, has become the first ever Foreign-owned member of the China Beijing Environment Exchange.

The China Beijing Environment Exchange (“CBEEX") (www.cbeex.com.cn) is a subsidiary of the China Beijing Equity Exchange and has over 45 members. Set up in 2008 CBEEX is a comprehensive environmental equity transaction institution authorized by the Beijing Municipal Government.

As a member of CBEEX, TGS will be able to trade through a public platform in China that enables it to provide carbon management and offsetting services to both companies and individuals. The Beijing Exchange is developing a strong Voluntary carbon offset trading market and will develop its own Panda standard through various projects. Companies who choose to offset their carbon emissions through the exchange will be fully recognised and promoted as members of the Low Carbon Union.

Darren Barrows, Director TGS Asia said:
“This is a very proud day for our Chinese Company and the Group as a whole, and we are delighted to have the honour of being listed on the Beijing Environment Exchange particularly as the very first foreign-owned member.

We are looking forward to working closely with the Beijing Exchange to develop the carbon business in China. This is a crucial time for China, where the phenomenal economic growth must be balanced with environmental consideration in order for the Government’s 2020 targets on emissions to be met. We are very excited to be given the chance to play some part in overcoming these challenges.

Our Chinese company will provide both corporate and personal offsetting services through the Exchange including Carbon Footprint Evaluations and trade of Voluntary Credits in RMB / multi-currencies. We will also be promoting the Low Carbon Union Group and developing our unique low-energy heating product which is scheduled to be launched in China during Q4 2010.

We would also like to thank the UK government departments in both London and China who have been very supportive of our business in Asia. Particular thanks must go to the UK’s Climate Change Projects Office, UK Trade & Investment and China Britain Business Council.”
 
 
Total Global Steel Joins N2EX

Total Global Steel, a London-based trader, will start handling U.K. and French power contracts this month, potentially boosting volume in both markets.

Started as a trader on the London Metal Exchange in 1999, Total Global Steel signed up to join Amsterdam-based APX-ENDEX, and Nasdaq OMX Group Inc. and Nord Pool Spot AS’s N2EX platform, Martin Lonergan, the company’s chief executive officer, said in a telephone interview.

Total Global traded German power contracts for the last two months and plans to trade power across U.K., French and German power cables starting in April.

It will focus on forward power contracts within this calendar year, Lonergan said. Total Global will trade power contracts over-the counter and on the
exchanges, he said in an interview this week. N2EX held its first U.K. power auction in January.

British regulators are pushing electricity auctions as a way of improving transparency and attract new entrants. The U.K’s energy market is dominated by six large suppliers, Centrica Plc’s British Gas, Scottish & Southern Energy Plc, Electricite de France SA, E.ON AG’s U.K supply business, RWE AG’s Npower and Iberdrola SA’s Scottish Power. The U.K. energy regulator Ofgem is seeking ways to encourage smaller companies to enter the market and boost competition.

Ofgem, the U.K.’s Office for Gas and Electricity Markets, proposed a range of measures this year and forced power generators to provide more details about revenue from their various businesses after a probe into market competition.

Trading in the U.K. market is low compared with other European markets including Germany and the Nordic region, which are the most actively traded.
 
Quality Carbon Offsetting

Global Carbon was launched as the sister company of Total Global Steel.  Originally specialising in physical metal trading, futures and hedging, online trading and LME brokerage, Total Global Steel has expanded its expertise to cover the energy market. This division, TGS carbon, is dedicated to emissions reductions and offers Carbon Offsetting to everyone, from international businesses and organisations to individual consumers.

With the carbon market rapidly developing we are now seeing high quality standards emerging.  Environmental issues are at the forefront of development. TGS Global Carbon is dedicated to taking responsibility for reducing the world's CO2 emissions. We have taken steps to minimise our own carbon foot print as well as enabling others to significantly reduce theirs. Working with businesses of all sizes, from small and medium enterprises to large corporates, we take time and care to identify and develop new opportunities for carbon offsetting.

In response to demand for more quality assurance in the carbon market the group made the move to pledge an Agreement with the Gold Standard Foundation.  The Gold Standard is a premium-quality brand in the carbon market.  The Gold Standard brand distinguishes a bench mark in any policy climate.   The group seeks to build brand equity and create sustainable value; with the launch of our offset site globalcarbon.co.uk we feel we are best able to do this through the Gold Standard.  Originating and sourcing our own high quality projects, our teams operates from a variety of locations around the world.  CEO Martin Lonergan comments ‘’we’ve built up a lot of expertise, with Environmental challenges continual evolving we see opportunities for companies to innovate and lead.  It is not a case of climate change getting worse; it’s a case of continual development.’  The group is in the process of launching a low carbon technology project, which will also improve the quality of life for the community involved.  We are all very excited to see this launch.
 
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