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Korean steel heads for new challenges
Korea’s steel industry has not escaped the impact of the global economic downturn, but the scale and duration of its crisis is something many hard hit steelmakers in Europe and the Americas would be happy to live with. However, although domestic demand is rising, steelmakers are not in the clear year yet. There are new challenges to face in 2010.
How the Steel Market Works
1-4 March 2010, London
100% of people who attended our previous courses would recommend it to their colleagues
Early Bird! Expires 5 January 2010
Register now for full 4-day course or individual days!
In the current market situation, planning ahead has become a real challenge. More than ever, the in depth knowledge of steel and the market is crucial. When will the market recover? Where will consumption head to in the coming years? How do we protect ourselves from the financial risks associated with price volatility? These questions are in everyones' minds. SBB’s proven “How the Steel Market Works” executive course gives you the tools to answer them.
Register Now: How the Steel Market Works
Monday 1st March - Thursday 4th March 2010
Course sessions will include the following and more:
Day 1 -- The Vocabulary of Steelmaking. How steel is made and used -- Understand the steelmaking process, from raw materials to finished products; you will master the vocabulary of steel.
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 -- Learn how the industry has evolved and consolidated. Understand the relative costs and economics of steelmaking worldwide. Learn how and where steel is used and the growing importance of the carbon agenda and the industry’s responses and agenda for change. The day concludes with a workshop in groups to bring together the material from the first two days of the course designing the steel company of the future.
Day 3 -- International steel trade and trade flows. Strategic overview of steel prices. Price risk management. Forecasting -- Understand how steel is traded internationally and how it is priced. Learn the latest techniques to manage price risk. Understand different approaches to forecasting.
Day 4 -- Steel Futures & Hedging -- Hedging through customised over-the-counter deals and through regulated metal exchanges is explained in principle and then simulated in practice.
100% of people who attended our previous courses would recommend it to their colleagues
Early Bird! Expires 5 January 2010
Register now for full 4-day course or individual days!
In the current market situation, planning ahead has become a real challenge. More than ever, the in depth knowledge of steel and the market is crucial. When will the market recover? Where will consumption head to in the coming years? How do we protect ourselves from the financial risks associated with price volatility? These questions are in everyones' minds. SBB’s proven “How the Steel Market Works” executive course gives you the tools to answer them.
Register Now: How the Steel Market Works
Monday 1st March - Thursday 4th March 2010
Course sessions will include the following and more:
Day 1 -- The Vocabulary of Steelmaking. How steel is made and used -- Understand the steelmaking process, from raw materials to finished products; you will master the vocabulary of steel.
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 -- Learn how the industry has evolved and consolidated. Understand the relative costs and economics of steelmaking worldwide. Learn how and where steel is used and the growing importance of the carbon agenda and the industry’s responses and agenda for change. The day concludes with a workshop in groups to bring together the material from the first two days of the course designing the steel company of the future.
Day 3 -- International steel trade and trade flows. Strategic overview of steel prices. Price risk management. Forecasting -- Understand how steel is traded internationally and how it is priced. Learn the latest techniques to manage price risk. Understand different approaches to forecasting.
Day 4 -- Steel Futures & Hedging -- Hedging through customised over-the-counter deals and through regulated metal exchanges is explained in principle and then simulated in practice.
ArcelorMittal sees continued strong steel demand in China
ArcelorMittal expects steel production in China to increase by as much as 10% in 2009 compared to 2008 because the domestic market and demand are strong, chief executive Lakshmi Mittal said last week.
This contrasts with the company’s expectations for the rest of the world. In Europe, steel consumption may decline by more than 20% this year, in the US it could fall by about 20%, and overall outside China it will decline by 15-20%, Mittal forecast.
This contrasts with the company’s expectations for the rest of the world. In Europe, steel consumption may decline by more than 20% this year, in the US it could fall by about 20%, and overall outside China it will decline by 15-20%, Mittal forecast.
ArcelorMittal report loss in second quarter
ArcelorMittal, the world's largest steelmaker announced 792 million USD losses in the second quarter. Lakshmi Mittal, chief executive of ArcelorMittal said that the company will have improved result in third quarter, especially from BRICs market. There were sustained signs of recovery in India, Russia, Eastern Europe and Brazil amid new construction and China's economic-stimulus measures. However, situation of U.S. and Western Europe may not improve early than the end of last year. In North America, at present, just three out of the company's nine blast furnaces are operating or planning to operate and in Europe, 15 of the company's 25 blast furnaces are expected to be online during the third quarter.
Two re-rollers are officially duty-free importers in Thailand.
Two re-rollers are officially duty-free importers in Thailand.
Thai ministry of finance has admitted Siam United Steel and Thai Cold Rolled Steel are duty-free importers, to end dispute between Thai government and Japan government. Thai government repay over $10 m now in duty from this two re-rollers.
Under the free trade agreement both countries signed in November 2007, Thai consumers of Japanese steel that were recognized to import flat rolled items from Japan duty-free. But Thai refused to recognize two Japanese re-rollers Nippon steel ‘s Siam United Steel and JFE Steel ‘s Thai Cold Rolled Steel Sheet , were importers duty-free. Then Thai government has forced both to pay 5% duty until recently.
Thai ministry of finance has admitted Siam United Steel and Thai Cold Rolled Steel are duty-free importers, to end dispute between Thai government and Japan government. Thai government repay over $10 m now in duty from this two re-rollers.
Under the free trade agreement both countries signed in November 2007, Thai consumers of Japanese steel that were recognized to import flat rolled items from Japan duty-free. But Thai refused to recognize two Japanese re-rollers Nippon steel ‘s Siam United Steel and JFE Steel ‘s Thai Cold Rolled Steel Sheet , were importers duty-free. Then Thai government has forced both to pay 5% duty until recently.
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