Steel’s future – Are futures for steel?

As 2008 promises to be an exciting year for the steel industry, the London Metal Exchange is due to soft launch its long awaited billet contracts in February before full open-cry ring trading commences on the 28th of April. The New York Mercantile Exchange also plans to launch its first steel contract this year in the US with ambitions for a global contract, while the Dubai Gold and Commodity Exchange’s rebar contract launched electronically at the end of last year – already gaining liquidity and convergence with the physical market. The Platts Steel Futures conference offers a platform for educational engagement with futures exchange executives, derivative traders and steels financiers and a forum to discuss the possible effects and consequences these contracts could have on the existing commercial structure of the steel industry. Topics will include: Current regulatory climate for steel; Where do I start? How do I trade? Should I trade?; Is steel a commodity?; The effect futures and derivatives could have on steel markets; Steel hedging and price risk management; Steel price fundamentals; inventory and freight; floating prices; Can they work in the EU?; and Credit ratings, transparent pricing and its effect on EBITDA.
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