SBB Executive Training: How the Steel Market Works

Day 2 -- The evolution of the steel sector. The economics of steelmaking. Key steel end uses. The carbon agenda and climate change. Design the steel company of the future.

Day 3 -- International steel trade and trade flows. Strategic overview of steel prices. Price risk management. Forecasting.

Day 4 -- Steel Futures & Hedging

Day 1 - segunda-feira, 13 setembro 2010
08:30	Registration
09:00	Session I: Introduction and welcome Videos of steelmaking process
	Sr. Roger Emmott, Global Head of Research, Consulting and Training, Steel Business Briefing
	Sr. Roger Manser, Founder, Steel Business Briefing
09:30	Session II: The world of steel • Steel in the world • Production and consumption drivers • Consumption and trends
	Sr. Roger Manser, Founder, Steel Business Briefing
10:30	Coffee break
11:00	Session III: Steel Production Processes (Part 1) • What is steel? • Raw materials • Steelmaking process routes
	Sr. Philip Rogers, Former Steelmaker and Independent Consultant , Metals for Packaging
12:30	Lunch
13:30	Session III: Steel Production Processes (Part 2) • Casting and finishing • Product groups • Steel end use applications
	Sr. Philip Rogers, Former Steelmaker and Independent Consultant , Metals for Packaging
14:30	Session IV: Steel in construction • The evolution of steel in construction • Focus on steel buildings in London • Specific examples
	Sr. Roger Emmott, Global Head of Research, Consulting and Training, Steel Business Briefing
15:30	Coffee break
15:45	Session V: Optional Steel Walk through City of London • View key construction sites in City of London • Compare and contrast steel use in Tower 42, The Lloyds Building and the Swiss Re Building (The Gherkin) • View progress on Heron Tower, Bishopsgate Tower
	Sr. Roger Emmott, Global Head of Research, Consulting and Training, Steel Business Briefing
19:00	Optional dinner hosted by SBB

Day 2 - terça-feira, 14 setembro 2010
09:00	Session I: A macro view of the steel market and industry • Historic growth of steel consumption • Industry evolution and consolidation • Trade flows • Steelmaking costs in context
	Sr. Gilles Calis, Managing Director, SteelConsult International
10:15	Coffee break
10:30	Session II: The economics of steelmaking • The elements of steel cost structure • Factor costs • Unit usages and yields • The cost of a tonne of slab around the world • Conversion costs • Cost curves
	Sr. Gilles Calis, Managing Director, SteelConsult International
12:30	Lunch
13:30	Session III: Coated steels - metallic and organic coated • What are coated steels – hot dip galvanized, electrogalvanised, organic coated, branded products) • Where and when to use coated steels - characteristics and uses • Consumption, growth and market size by type of coated steel • Manufacturing processes • Coated steels prices
	Sr. Gilles Calis, Managing Director, SteelConsult International
14:30	Coffee break
14:45	Session IV: Steel in the context of the global climate change • CO2 emissions in steelmaking • The climate change agenda – international background • Carbon leakage • WorldSteel Association (WSA) proposals • International Energy Agency (IEA) proposals • New technologies • CO2 emissions trading • China
	Sr. Roger Manser, Founder, Steel Business Briefing
16:00	Session V: Workshop - Design the steel company of the future • Groups use the course material to design the steel company of the future
	Sr. Roger Emmott, Global Head of Research, Consulting and Training, Steel Business Briefing
16:45	Overview and summary of the day
	Sr. Roger Emmott, Global Head of Research, Consulting and Training, Steel Business Briefing

Day 3 - quarta-feira, 15 setembro 2010
09:00	Session I: International steel and raw materials trading and trade flows • The evolution of steel trading worldwide • Key trade flows by product • Trends in trade flows • The rise and influence of China
	Sr. Roger Emmott, Global Head of Research, Consulting and Training, Steel Business Briefing
10:30	Coffee break
10:45	Session II: Strategic overview and evolution of steel prices • Drivers for steel supply and demand • Steel price movements • Demand, supply and market sentiment • Demonstration of SBB price analyser
	Sr. Mark Wiggett, Editor, Global Market Outlook , Steel Business Briefing
12:15	Lunch
13:30	Session III: Price risk management • Reasons to manage price risk • Traditional steel industry approaches • Emerging financial tools - what are they and how do they work? • Price discovery - role of indices and forward curves • Key characteristics and benefits of using financial tools
	Sr. Steve Randall, Managing Director, The Steel Index
15:00	Coffee break
15:15	Session IV: Introduction to forecasting • Introduction to qualitative and quantitative techniques • Designing the forecast methodology • Examples • Forecasting and steel
	Sr. Mian Obaid Shah, Research Analyst, Steel Business Briefing
16:30	Overview and summary of the day
	Sr. Roger Emmott, Global Head of Research, Consulting and Training, Steel Business Briefing
17:00	Drinks courtesy of SBB An opportunity to network and meet other members of SBB and The SteelIndex

Day 4 - quinta-feira, 16 setembro 2010
09:00	Introduction to steel futures
	Sr. Neil Banks, Consultant
09:30	Session I: • Steel futures • The concept of Hedging in plain English • Case studies in hedging with futures
	Sr. Neil Banks, Consultant
11:00	Coffee break
11:30	Session II: • How the LME billet contract works • The Dubai Gold and Commodity Exchange Contract
	Sr. Neil Banks, Consultant
12:30	Lunch
14:00	Session III: • How NYMEX contracts work • Pricing base for physical contracts
	Sr. Neil Banks, Consultant
15:00	Coffee break
15:30	Workshop: Hedging workshop
	Sr. Neil Banks, Consultant
16:15	Session IV: • Incorporating steel futures in your business and trading strategies • Prepare a business sales forecast
	Sr. Neil Banks, Consultant
17:00	Overview and summary of the day

SBB Training London - September 201013-16 setembro 2010

Course Agenda - these sessions may be subject to minor changes

SBB Training London - September 2010
13-16 setembro 2010