Managing the volatility of ferrous scrap and maximising ......Managing the volatility of ferrous...

Steel ScrapConference

For more information and to register please visit

www.metalbulletinstore.com

Register ONLINEbefore 27 May 2011

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Media partners:

Sponsor:

Leading industry speakers include:

l Kees Gerretse, Group Director Procurement, Tata Steel Group

lMarkus Barg, Chief Operations Officer,Interseroh Scrap and Metals Holding, Germany

l Abhijit Chaudhuri, Director – Supply Chain Management,Ispat Industries, India

l Christian Rubach, Senior Advisor, TSR, Germany

l Kartik Swaminathan, Senior Analyst, Goldman Sachs, UK

l Tom Bird, Managing Director, Van Dalen Recycling UKand President European Ferrous Recovery andRecycling Federation, UK

l Andrey Parkhomchuk, Commercial Director, MMK Atakas, Turkey

l Ugur Dalbeler, Managing Director,Çolakoğlu Metalurji, Turkey

l Dick Sands, Director, Raw Materials, Stemcor, UK

l Andreas Versmann, Policy Officer,European Commission, Belgium

Managing the volatility of ferrous scrap and maximising new opportunities

Supported by:

29-30 June 2011Mövenpick Hotel, Istanbul, Turkey

Predicting the market and controlling price risk isincreasingly hard in the ferrous scrap sector. Factors suchas long product demand, exports and purchasing trendscontinue to cause volatility.

This conference will quantify new demand in emergingeconomies in the developing powerhouse of Asia. TheTurkish market: Where is this heading and what are millsgrowth strategies? How much scrap will be needed andwhat will this mean for the market?

Whether you are shipping or receiving material viacontainers or through break bulk transportation the freightmarket continues to affect margins. How will thehandysize building programme affect rates?

Business altering information:l Long term forecasting: Will high prices continue?Will exchange rates further affect sales and purchasing?

l Fluctuations: Understand what strategies arebeing used and developed to control volatility

l Purchasing trends: Identify correlation in scrap bookings

l MMK – Atakas: A New EAF in Turkey – what levelof demand will there be for new materials?

l Regulations: Understand steps by the EuropeanCommission to aid ferrous scrap trade

l Discover if there is a supply crisis and where newscrap supplies will come from

In June Metal Bulletin Events will welcome you to theindustry forum for the ferrous scrap market. This will beyour chance to meet executives from both recyclers andsteel mills. Hear the opinion of these parties and alsotraders on the future of the scrap industry.

Who should attend?l Merchants and recyclersl Ferrous metal tradersl Steel producersl Equipment manufacturesl Industry consultantsl Bank and loan managers


Day one:Wednesday 29 June 201108:00 Registration desk opens

09:00 Chairman’s opening remarks

Keynote papers:

Session I: Factors affecting the ferrous scrap market

09:15 Considering next year’s strategy: Long term direction of scrap prices• How can recyclers use steel demand to forecast scrap metal consumption?

• Fluctuations: Where will the market be in 12 months?• How could greater supplier consolidation affect market dynamics?

• Exchange rates: QE and the impact to sales margins from dollar volatility

Christian Rubach, Senior Advisor, TSR, Germany

Panel discussion:09:45 Need to increase availability: Where will new scrap supplies

come from?• What is the future availability of low residual and HMS material?How will this affect the market?

• Out of the recession: Manufacturing forecast and the impact to scrap availability

• Will Russian exports resume to past levels? Will this lower prices?• How will CIS vat rates continue to affect exports? Kees Gerretse, Group Director Procurement, Tata Steel GroupTom Bird,Managing Director, Van Dalen Recycling UK, andPresident, European Ferrous Recovery and RecyclingFederation UKMarkus Barg, Chief Operations Officer, Interseroh Scrap andMetals Holding, Germany

11:00 Networking coffee break

Keynote papers continued:

11:45 Turkey: Steel market growth and the implications to ferrousscrap consumption• Turkish consumption and its continuing influence over the steelscrap market

• What are the new strategies for growth of steel sales by Turkish mills?

• Growth of domestic steel consumption in Turkey, how will thisdrive the scrap market?

Ugur Dalbeler,Managing Director, Çolakoğlu Metalurji, Turkey

12:15 Long product forecast: Where is the market heading and whatdoes this mean for recyclers?• EU construction industry: Will there be a growth or decline inlong product consumption?

• Can long products be used as an indicator to gauge pricing andsales of scrap?

• What does the price disparity between the end product andscrap mean for steel producers and recyclers?

• Is there an oversupply of long products in the market?Kim Marti, International Sales Director, Celsa, Spain

12:45 Networking lunch

Session II: Volatility and market trends14:15 Market trends: When are the best times for recyclers and mills

to sell and buy material?• Winter constrictions: When does the market start moving due to bad weather?

• Is there a correlation in Turkish purchasing habits?• Inventory vs. spot market purchasing: What strategies are being used?

• Are mills their own worst enemy when it comes to purchasing strategies?

Kartik Swaminathan, Senior Analyst, Goldman Sachs, UK

Panel discussion:14:45 How can volatility be avoided and stability created in the market?

• What strategies are being developed for hedging and risk mitigation?

• Are advantages provided to the steel mills by price volatility?• What mechanisms are being used for pricing indicators? Arethese clear or are the spreads too great?

• Spot and quarterly: What affect does iron ore pricing have on therecycled steel sector?

• How does resistance to certain pricing levels by sellers andbuyers impact the industry?

Zeynel Şahin, Procurement Manager, Içdaş, TurkeyRuggero Alocci, Managing Director, Alocci Rappresentanze, ItalyJens Hempel-Hansen, Managing Director, HJ Hansen Recycling, DenmarkCameron Hunt, Director, Metal Bulletin Index, UKRik Debaere, CEO, Group Galloo, Belgium


Session III: Emerging markets: Potential forrapid growth in scrap metal consumption

16:15 China: Opportunities for merchants provided by further scrapmetal utilisation• Will CISA’s policy to remove dependence on iron ore increase scrap consumption?

• Will scrap continue to be used as a coolant or will EAF’s be developed?

• Import or domestic consumption: Will China be able to satisfy itsown future needs for steel scrap?

• Will China become a net exporter of steel scrap, how could thischange the industry?

Mike Walsh, Director, Hatch Beddows Strategy Consulting, UK

16:45 India: Developing significant scrap business in a fast growingsteel market• DRI and HBI: Will India continue to enter and leave the market?• India’s economic growth and what this means for greater raw material consumption

• How is scrap used as a price balancer to other raw materials? Will this be used in greater or lesser quantities?

• Growth of EAF’s: Will there be a serious attempt at scrap utilisation?

Abhijit Chaudhuri, Director – Supply Chain Management, Ispat Industries, India

17:15 South East Asia: Where is scrap consumption heading in thisdeveloping region?• Forecast of demand from Thailand’s growing steel industry• Construction industry: The main driver for demand?• Indonesia and Vietnam: A place for greater scrap sales?Ved Prakash, Director - Steel Division, Gemini Corporation N.V., Belgium

17:45 Chairman’s closing remarks and end of day one

17:45 Networking drinks reception

Day two:Thursday 30 June 201108:30 Registration desk opens

09:15 Chairman’s Opening Remarks

Session IV: Clarity in the changingregulatory framework

09:30 EU Waste legislation and the implications to the ferrous scrap trade• The end of waste regulation criteria for iron and steel scrap• What affect will the new regulation have to recyclers and consumers?

• How will the EU commission support recycling markets andenhance resource efficiency?

Andreas Versmann, Policy Officer, European Commission, BelgiumChris Pritchett, Senior Associate, Burges Salmon LLP, UK


Session V: The importance of Turkey in theferrous scrap market

11:00 MMK-Atakas EAF project: What implications will there be to thescrap market from new consumption?• A new EAF in Turkey: What quantity of raw materials will be needed?

• How will this consumption growth affect demand for raw materialsin Turkey?

• What are the development stages? When will the EAF be in fulloperation and how much is its consumption expected to grow?

Andrey Parkhomchuk, Commercial Director, MMK Atakas, Turkey

11:30 What does the role of the trader mean to the Turkish market?• How can financial and market risk be controlled?• How is market liquidity provided for scrap sellers and purchasersin this volatile time?

• What level of importance does Turkey have to the ferrous scrap sector?

Dick Sands, Director, Raw Materials, Stemcor, UK

12:00 Middle East steel: How does demand in this key market forTurkish steel affect scrap prices?• Iraqi infrastructure: What affect will new growth programs have onsteel scrap consumption?

• Do high scrap prices affect the Middle East market and thereforeaffect scrap sales to Turkey?

• Up or down: A forecast of middle east steel consumptionHadi Hami, Senior International Steel Trader, Alam Steel, Dubai

Session VI: Fluctuations in the shipping industry

12:30 Freight market and its affect on steel producers and scrap merchants• Impact of new handysize building programme: Will future rates decrease?

• Volatility of break bulk market: How will this continue to impact your margins?

• Growing use of container shipping: Can this be used to overcomevolatility in the market for consumers and purchasers?

Dean Seacombe, Managing Director - Handymax / Cargodesk, ICAP Shipping, UK

13:00 Chairman’s closing remarks

13:15 Close of conference followed by a networking lunch

Metal Bulletin Events reserve the rig ht to alter the venue, timings and/orspeakers. © Metal Bulletin Events, part of Euromoney Trading Limited.

Sponsorship & exhibition opportunities

Showcase your company, increase your brandawareness and enhance your networkingopportunities by becoming a sponsor of the SteelScrap Conference. Sponsorship opportunitiesdeveloped by Metal Bulletin Events have become

essential tools for organisations in fulfilling their marketing objectives.There are a range of sponsorship opportunities which will enable yourcompany to raise your brand profile, before and at the event as well ashighlight your company to an audience of senior executives and keydecision makers from across the sector.

What’s available?• Welcome reception – network and welcome potential clients with your branding

• Host a delegate lunch – entertain a large number of existing and potential clients

• Coffee break sponsor – get your message across with high visibility branding

• Delegate bag sponsor – your company logo on the move for maximum effect

For sponsorship & exhibition opportunities, please contact:Charlie Shelley-Smith on: +44 (0) 20 7779 8106 or email: [email protected]

DATA PROTECTION NOTICEThe information you provide on this form will be used by Euromoney Trading Ltd and its group companies (“we” or “us”) to processyour order and deliver the relevant products/services. We may also monitor your use of the website(s) relating to your order, includinginformation you post and actions you take, to improve our services and track compliance with our terms of use. Except to the extentyou indicate your objection below, we may also use your data (including data obtained from monitoring) (a) to keep you informed ofour products and services; (b) occasionally to allow companies outside our group to contact you with details of theirproducts/services; or (c) for our journalists to contact you for research purposes. As an international group, we may transfer your dataon a global basis for the purposes indicated above, including to countries which may not provide the same level of protection topersonal data as within the European Union. By submitting this order, you will be indicating your consent to the use of your data asidentified above. Further detail on our use of your personal data is set out in our privacy policy, which is available atwww.euromoneyplc.com or can be provided to you separately upon request.If you object to contact by telephone , fax , or email , or post , please tick the relevant box. If you do not want us to share yourinformation with our journalists , or other companies please tick the relevant box.

BOOKING CONDITIONSRegistrations can only be confirmed upon receipt of payment or proof of payment and discounted fees will only apply when paymentis received within the offer period. If you are not able to attend, a substitute delegate will be accepted. Cancellations must be receivedin writing prior to 1 June 2011 to qualify for a full refund less €135 administration fee. It may be necessary for reasons beyond thecontrol of the organisers to alter the content, timing and venue. In the unlikely event of the conference being cancelled or curtaileddue to any reason beyond the control of Metal Bulletin Ltd., or it being necessary or advisable to relocate or change the date and/orlocation of the event, neither Metal Bulletin Ltd., nor its employees will be held liable for refunds, damages and/or additional expenseswhich may be incurred by delegates. We therefore recommend prospective delegates arrange appropriate insurance cover.

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Fees: The conference fee includes attendance at all sessions, refreshments, drinks reception and lunches.

Indian based delegates: Price quoted is net, exclusive of any TDS/Without holding tax. Anydeductions are only liable on the submission of an original Withholding Tax Certificate forwardedto Metal Bulletin.

Accommodation: The fee does not include accommodation. A limited allocation of rooms hasbeen reserved at the conference hotel. Delegates will be sent an accommodation booking formalong with confirmation of registration. This form should be completed and returned to the hotel.

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Address: Metal Bulletin Events, Nestor House,Playhouse Yard, London, EC4V 5EX, UK

ACCOMMODATIONHotel information:Rising up among the skyscrapers of the modern uptown part ofthe city, the Mövenpick Hotel Istanbul offers modern understatedelegance and unparalleled guest comfort. The hotel hasMediterranean, Turkish and Swiss dining options and is a 5minute walk from the nearest metro station, which provides easyaccess around Istanbul.

Booking your accommodation:Upon registration, delegates will be emailed an accommodationbooking form along with their confirmation to be completed andreturned direct to the hotel.

Address:Mövenpick Hotel IstanbulBuyukdere Caddesi, 4. Levent, 34330 Istanbul, TurkeyPhone:+90 212 319 29 29

29-30 June 2011 • Mövenpick Hotel, Istanbul, Turkey


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Managing the volatility of ferrous scrap and maximising ......Managing the volatility of ferrous...

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