SBB Steel Market Middle East 2010 (SBB SMME10)
Venue: Shangri La Hotel, Dubai
|Event Date/Time: Sep 20, 2010||End Date/Time: Sep 21, 2010|
|Registration Date: Sep 20, 2010|
|Early Registration Date: Jun 08, 2010|
Facing up to these turbulent markets, the regionâ€™s industry is maturing quickly. However opportunities for further investment in the sector continue to multiply. In this, our 4th Steel Markets Middle East conference, SBB is inviting readers and others to discuss the regional industryâ€™s responses to todayâ€™s volatile, yet demanding times.
Day 1 - Monday, 20 September 2010 10:30 Keynote Session: Setting the Scene:
The rise in raw material prices and its effects on finished product markets
Early 2010 saw surging iron ore, scrap and coking coal prices have a strong knock-on effect on steel prices; this was despite slow demand in many regions. In addition, the mining companies took advantage of tightness in the market to introduce quarterly or other shorter term contracts. Experts and others will discuss how these changes will affect the stability of the steel market, and its recovery from the recession.
13:30 Panel Session: How are traders and end users coping with the effects of soaring raw material prices?
Has 2010 seen a repeat of the steel pricing froth which hit the Middle East market in the first half of 2008? Local market players will discuss the effects of higher (and potentially lower) raw material prices on the costs, supply, demand and steel prices in the region.
15:00 Coffee Break
15:30 Session 3: Local economic development and investment in steel
Despite the recent upheavals in the upstream and downstream steel markets, regional economic development has continued apace, given the prospect of higher global oil and gas prices. Middle East demand for steel products is being driven not only by hydrocarbons, but also by other infrastructure regional projects, for example in railways and ports. This strong internal demand has helped reduce some of the imbalances that the local steel markets have faced in the last year or two.
17:30 Evening Reception
Day 2 - Tuesday, 21 September 2010 09:00 Keynote Session 2: Steel trade inside and outside the region
The Middle East market is becoming more mature with balanced production and demand volumes. In some cases, it is even developing an export market. How will steel trade within the GCC countries and elsewhere in the region develop in the next few years? Will there be restrictions on imports, or will the Middle East remain open to trade?
10:30 Coffee Break
11:00 Panel Session 2: Global overcapacity and the Middle East market
Given the recent upheavals in the economy, and the volatility in raw material prices and steel production costs, what are the comparative strengths of regional steel makers? How valid is the DRI-EAF route for the region? Global overcapacity seems likely to continue for many years â€“ to what extent would consumers in the Middle East benefit from lower prices by continuing to import their finished steel?
12:30 Closing Remarks