| Tuesday 18 November 2008 |
| 08:00-14:00 |
Registration open |
| 07:45-08:45 |
Continental breakfast |
| 08:45-08:50 |
Welcome address - Darren Dunay, Principal, The Basic Industries Group, LLC |
Session 1: The Fundamentals
Current trends and business conditions in the N. American steel scrap sector.
Current market levels and conditions will be examined.
Shifts in scrap generation and consumption are taking place.
What are they and will they continue? |
| 08:50-09:20 |
Kurt Fowler. Managing Director, Steelfacts - Historical and current scrap consumption trends from the Steelfacts database |
| 09:20-09:50 |
Brian Taylor, Editor in Chief, Recycling Today Media Group - Supply, demand, prices and business outlook in the steel scrap sector |
| 09:50-10:20 |
Alan Price, Wiley Rein LLP - Global Trade and the US Scrap Industry |
| 10:20-10:45 |
Coffee break, networking opportunity |
Session 2: Steel Scrap Price Discovery Mechanisms
Price mechanisms for steel scrap is one of the more hotly debated issues among scrap, steel and scrap generating firms.
The lack of standardized prices makes financing difficult for businesses in this sphere.
The lack of transparency tends to be an impediment to obtaining private financing when it comes to general corporate financial needs or for M & A activities.
Here some key price assessment mechanisms currently being used by the industry will be discussed.
Are some more efficient than others? Which more accurately reflect the real market?
Are any of the price discovery mechanisms open to manipulation?
These are among the issues to be examined in this session. |
| 10:45-11:25 |
Ralph Pinkert, Development Director, Management Science Associates – RMDAS Ferrous Scrap Price Index,
RMDAS steel scrap index price mechanism a viable alternative to publisher generated prices. |
| 11:25-12:15 |
Matthew Lerner, US Markets Editor, Platts Steel Markets Daily - Publisher generated prices |
| 12:15-14:00 |
Lunch |
Session 3: M & A Markets
Current trends suggest that further consolidation is both possible and probable for steel scrap processors.
Some of the primary players have been the domestic steel mills seeking to vertically integrate to secure a steady and stable supply of scrap for their furnaces.
However, with the increased overseas interest in US steel makers will they continue to be the primary buyers?
Will other players become more prominent players such as foreign steel makers seeking cheap scrap supplies from the US or possibly financial players such as private equity investors and other financial concerns?
What should management be doing to better position their firms to either maximize their market value or to position their firms to benefit and capitalize on growth opportunities that may present themselves?
|
| 14:00-14:45 |
Vincent J. Pappalardo, Managing Director, Dresner Partners Investment Banking |
| 14:45-15:25 |
Frank A. McGrew IV, Managing Director, Morgan Joseph & Co. Inc. |
| 15:25-15:45 |
Coffee break, networking opportunity |
Session 4: Technology, Logistics & Environmental
What is ahead and the potential benefits for scrap processors.
The M & A drive and the integration of the N. American scrap industry into the global supply chain have made it necessary for companies to seek to operate efficiently.
Faster moving local and global markets necessitate firms to have better IT systems and front end - back end integration.
Outside factors such as increased environmental concerns and changing regulations are constantly necessitating new processes and equipment to keep up with these changes.
Here we examine some of the most current and coming products and processes to keep up with these demands.
|
| 15:45-16:15 |
John Underwood, President, Systems Alternatives International, LLC - Paper title TBA, Software innovations for the recycling industry |
| 16:15-16:45 |
Tom Hattle, RecycleNet - Carbon markets & recycling |
| 16:45-17:00 |
Closing remarks |
