Redstone Commodity Search  /  Vacancies  /  Sponge Iron (DRI) Trader, London

Sponge Iron (DRI) Trader, London

Job Reference: RS0886A

Job Title: Sponge Iron (DRI) Trader, London

Location: Europe

Product: Metals

Role: Trading

Redstone Commodity Search focus on offering 360° search solutions to the global commodities markets. With a competitive coverage of Trading Houses, Producers, Majors, Utilities, Merchants, Hedge Funds, Investment Banks and Brokerages; Redstone Commodity Search can confidently offer you an edge in today’s volatile market.

Redstone Commodity Search are working with an international ferrous trading company seeking a DRI Direct Reduced Iron / Sponge Iron Trader in London.

Key Responsibilities / Tasks

  • In charge of physical trading of direct-reduced iron (DRI) / sponge iron including hot-briquetted iron (HBI); with full responsibility for maintaining a profitable physical trading book
  • Work closely with the operational team for the shipment / logistics of bulk sponge iron, direct reduced iron loads.
  • Keep up to date with market analysis and market intelligence from research houses, internal analysis reporting and trading risk analysis to identify new trading opportunities in the iron ore / DRI and sponge iron markets
  • Develop and maintain strong relationships with sourcing partners for iron ore pellets, DRI and sponge iron whilst building a portfolio of steel mills and producers for the sale of hot-britquetted iron ore and sponge iron / DRI
  • Reports into the Head of Trading

Key Qualifications / Experience

  • Minimum 3 years’ experience in a physical ferrous trading role, ideally with direct experience on iron ore / sponge iron
  • Existing relationships with sponge iron / DRI / HBI producers would be an advantage
  • Strong knowledge of the European and Asian iron ore and steel making markets
  • Fluent in English as well as an additional European language would be beneficial
  • Located in or eligible to work in London (or happy to relocate)

If you match the job description and are keen on applying for this role; please send us a copy of your resume/cover letter to or submit your application through the Vacancy Form.