This training course is unique in offering the most in-depth and comprehensive overview of the entire steel market.
In just two days, attendees will learn the following: please note that the program may be subject to slight change.
Day 1 - Tuesday, October 5 2010
| 08:00 |
Session I: Introduction
Introduction
Steelmaking video
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Mr Andrew Goodwin, General Manager Metals, Platts
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| 09:00 |
Session II: Steel Production Process. Part I.
What is steel?
Raw materials
Steelmaking process routes
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Mr Roger Walburn, Manager - Customer & Product Development, NLMK - USA
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| 10:45 |
Session III: Steel Production Process. Part II.
Casting
Rolling & Coating
Galvanizing & Coating
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Mr Roger Walburn, Manager - Customer & Product Development, NLMK - USA
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| 14:00 |
Session IV: End Use Sectors part 1: steel types, volumes and trends
Construction
Automotive & Transportation
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Mr Glenn Kidd, Consultant, USS Marketing Director - Retired
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| 15:00 |
Session V: End use sectors part 2; steel types, volumes and trends
Domestic Appliances
Energy/ Oil & Gas
Industrial Products
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Mr Glenn Kidd, Consultant, USS Marketing Director - Retired
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| 16:00 |
Session VI: A macro view of the US and world steel market
Historic growth of steel production and consumption
Industry evolution and consolidation
Steelmaking costs in context: a look at scrap vs iron ore
Trade flows
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Mr Glenn Kidd, Consultant, USS Marketing Director - Retired
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Day 2 - Wednesday, October 6 2010
| 08:30 |
Session VII: How a Purchasing Manager thinks
Calculating & Negotiating steel prices
Pricing Fundamentals
Steel spot vs contract and index pricing
Demand, supply and market sentiment
How Purchasing Managers think, and act
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Mr Rich Cover, Owner, Richard J. Cover & Associates, LLC
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| 10:30 |
Session VIII: Forecasting steel prices
Quantitative techniques
Introduction
Designing the forecast methodology
Examples
Qualitative techniques
Introduction
Using qualitative techniques to forecast steel prices
Demonstration of price analyser
The Steel Index Data and Market Survey
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Mr Rich Cover, Owner, Richard J. Cover & Associates, LLC
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| 13:15 |
Session IX: 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 indexes and forward curves
Key characteristics and benefits of using financial tools
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| 15:00 |
Session X: International steel trading & domestic distribution
The evolution of steel trading
Steel distribution in the U.S.
To import or not to import?
Anti-dumping & other legal actions
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