How the Steel Market Works - Pittsburgh, December 2009
3-4 December 2009

Past events
 

SBB Training USA: How the Steel Market Works is over and we will be deciding on the location and date of our next event shortly.


The content of our training course held on December 3-4 in Pittsburgh contained the following:

Day 1 - Thursday, 3 December 2009
8am Session I: Introduction

Introductions
Steelmaking video

9am Session II: Steel Production Process. Part I.

What is steel?
Raw materials
Steelmaking process routes

10.45am

Session III: Steel Production Process. Part II.

Casting
Rolling & Coating
Galvanizing & Coating

1.30pm Session IV: End Use Sectors part 1: steel types, volumes and trends

Construction
Automotive & Transportation

2.15pm

Walk around the block looking at steel products and applications

3.00pm Session V: End use sectors part 2; steel types, volumes and trends

Domestic Appliances
Energy/ Oil & Gas
Industrial Products

4pm 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

Day 2 - Friday, 4 December 2009
8.30am 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

10.30am 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

1.15pm 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

3pm 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



If you would like to discuss training further,
please call +1 (412) 431-4370
or email trainingusa@steelbb.com

 

Event Details
Venue:
Dates:3-4 December 2009


 
 

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