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Price Volatility & Hedging Steel Price Risk

A Workshop for Companies Who Actively Buy or Sell Steel
February 9, 2012 9 AM to 4 PM
Houston, Texas


“Companies who buy or sell steel – end users, service centers, and steel mills - constantly struggle with price volatility. Financial instruments such as Futures or OTC swaps can help control price swings. Our workshop will help you understand the products and the process. ”


The Keys to our Workshop Include:

  • • Andre Marshall is an active broker in the flat rolled market in North America and Europe focusing on futures and OTC swaps in hot rolled coil, cold rolled coil and hot dipped galvanized.
  • • We will offer a “hands-on” experience – working through examples both provided by the instructor as well as coming from the class and letting you determine if the circumstances are right to take a hedging position.
  • • Our workshop will include information about active traders, market makers and others associated with Futures Trading and Swaps. Our goal is to inform and provide tools so you can select whomever you feel most comfortable working with after leaving our workshop.

 

Schedule:

Begin Workshop: 9:00 AM

Welcome and Introduction by Steel Market Update & Crunch Risk, LLC.

Step One: Understanding the Products

9:15 AM – 10:30 AM: Introduction to Financial Swaps & Futures Markets

Andre Marshall, Crunch Risk, LLC.

 

Introduction to Financial Steel swaps:

  • • Explain what they are and why they are used
  • • Why hedge?
  • • Explain the difference between Futures v. Swaps.
  • • Define and explain financial market terms
  • • Product Offerings:
    • - NYMEX/CME – Hot Rolled Coil Contract - basis CRU
    • - LME – Billet Contract - Deliverable
    • - SHFE – Rebar, Hot Rolled Coil - Deliverable
    • - LCH – Northern Europe HRC and Southern Europe HRC – basis TSI
  • • Products in works:
    • - Primary Scrap
    • - Secondary Scrap
  • • NYMEX/CME Hot Rolled Coil Contract
    • - Basis CRU Indices
    • - CRU Collection polling

Coffee Break: 10:30-10:45 AM


Step Two: How the Exchange Works

10:45 AM – 12:00 PM

  • • How does the exchange work?
  • • Price reference – Correlation
    • - Viable Index
  • • Examples of transactions

Luncheon: 12:00-1:00 PM (Provided)


Step Three: The Art of the Trade

1:00-3:00 PM: The Art of the Trade

  • • How does the exchange work?
  • • Hot Dipped Coil Product description
  • • Scrap Product description
  • • The Swap Process: Completing First Trade
  • • Accounting ABC’s (FASB 133/149)

3:00-3:15 PM: Coffee Break

3:15-4:00 PM: Discussion, Examples from attendees and Q&A


Registration Fees:

$995 Includes full day conference, lunch & snack breaks

Discounts:

  • $100 Discount per person if their company is a Steel Market Update member
  • $100 Early Bird Discount per person if the attendee signs up before January 20, 2012

Location Details:


The Koch Building
20 E. Greenway Plaza
Houston, TX 77046


Hotel Accommodations:

(SMU does not have negotiated rates for this workshop at any of the below hotels)

 

Cancellation/Substitution Policy:

Registrations cancelled in writing (fax or email) 30 days before the workshop are entitled to a full refund. Cancelations made less than 30 days before are non-refundable; however you can substitute an attendee from the same organization or company.

Sponsorship Opportunities:

If you would like to be an advertiser for our workshop, future seminars, or our website, please email Sophia@SteelMarketUpdate.com.

Questions:

Please contact us at: 800-432-3475 or 706-216-5440 or Info@SteelMarketUpdate.com.