9thSteelScrapConference

11-12 November 2015Hyatt Regency O’Hare, Chicago, USA

Confirmed speakers:l Tamara Lundgren, CEO, Schnitzer Steell Peter Campo, President, Gerdau Long Steel North Americal John Hritz, President & CEO, JSW Steell Dan North, Chief Economist, North America, Euler Hermes North Americal Sujit Sanyal, Vice President, Operations, ArcelorMittal Montreall Cliff Smith, Executive Vice President, Business Development, Cliffs Natural Resourcesl Evan Kurtz, Vice President, Morgan Stanleyl Adam Weitsman, Owner, Upstate Shreddingl Burke Byer, President & CEO, Byer Steell Herbert Black, President & CEO, American Iron and Metall Joseph Pickard, Chief Economist & Director of Commodities, ISRIl Oscar Wehtje, Head of Product Development, LMEl Nathan Fruchter, Owner, Idoru Recyclingl Hank Wilson, Senior Vice President, North American Trading, Tube City IMSl Steve Leddy, Director, Ferrous Trading, Triple M Metall Chris Risdon, Director, Supply Chain Management, Grede Holdingsl Vince Pappalardo, Managing Director, Brown Gibbons Lang & Companyl Joseph Poveromo, President, Raw Materials & Ironmaking Global Consultingl Pablo Duarte, Sales Director, ENERGIRONl Adam Parr, Vice President, Policy & Communications, Steel Manufacturers Associationl Robert Hunter, Manager, Market Research, Midrexl Atilla Widnell, Senior Metals Analyst, Metal Bulletin Researchl Ralph Pinkert, Executive Vice President, Scrap Metal Servicesl Charles Bradford, Partner, Metals Industries Advisory Groupl John Spruce, CEO, Advanced Steel Recoveryl Phil Bell, President, Steel Manufacturers Associationl Glenn Knoedler, General Foreman MS Raw Materials, Cascade Steel Rolling Millsl Phillip Hoffman, Vice President of Ferrous Scrap Trading, MedTradel John Can Unsalan, Managing Director, Ferrous Scrap Brokersl Ved Prakash, Director – Commercial, Gemini Corporationl John Heffernan, Partner, Metal Industries Advisory Groupl Ryan Thrasher, Commercial Manager of Mexico, OmniSource Corporation l Bob Oehlers, Vice President, Zimmer Recyclingl Javier Perez Dominguez, CEO, Reciclacentro

Gold sponsor:

Tel: +44 (0) 20 7779 8905 | Email: mbstore@metalbulletin.com | Website: www.metalbulletinstore.com | Twitter: #AMMscrap

Silver sponsor:

Media partners:

Register before18 September, 2015

&SAVE$200

9th Steel ScrapConferenceThis year AMM’s 9th Steel ScrapConference returns to Chicago andbrings with it AMM's 3rd DRI & Mini-mills Conference. Following on fromthe success of running them side byside in 2014, the two events willonce again benefit from enhancednetworking opportunities asindividuals from throughout the steelsupply chain are brought together.

The steel scrap industry is onceagain facing a challenging year asdemand for steel remains pinchedand wider commodity prices dullthe prospects for growth. However,with more speakers confirmed thanever before, this event is the bestchance to learn about all issuespertaining to steel scrap anddevelopments in steelmaking as awhole, while providing a space fornetworking, discussion and debate.

Taking place in the Rosemont areaof Chicago, the meeting is in a primelocation; not only is Chicago a hubfor steel scrap trading but theRosemont area is also accessibleand fun. With leading playersgathering in one place for two fulldays, this is the best place to hearabout what is ahead for the industryand meet future business partners.

Benefits of attending

One registration to theSteel Scrap Conference or 3rd DRI &Mini-Mills Conference allows accessto both events

Hear about the relationshipbetween steel making and two of itskey raw materials in the US market

Networkwith key industryplayers from both events

Learn from expert speakers thatwill forecast, discuss and debate thefuture for steel scrap

Enjoy the fun, accessibleRosemont area of Chicago andeasily venture into the city

“The AMM Steel Scrapconference is a greatnetworking resource.”Leslie Lindsey,Senior Account Manager, CG Railway

2014 attendees byJob Title

2014 attendees byCompany Type

l CEO/Chairman/Director/President/Managing Director

l Head of Department or Region

l Sales/Marketing/Business Development/Commercial Manager

l Other

l Purchasing/Procurement

l Trader

l Analyst/Consultant/Advisor/Researcher

l Scrap processor

l Steel Mill/Foundry

l Technology/Equipment

l Trader/Broker

l Logistics

l Analyst/Consultant

l Other

l Financial Services

11%

18%

40%

17%

9%

3% 2%

38%

21%15%

11%7%

3% 3% 2%

2

Day one Wednesday November 117:30am Registration desk opens

Plenary day in conjunction with the3rd DRI & Mini-mills Conference

8:30am Chairperson’s opening remarks

Session I: Keynote presentations8:45am Steel mill keynote panel: production strategies

• How is the US steel industry adapting to economic headwinds?• Capacity utilization rate, regional raw material availability, the

global economy and trade flows: what fundamentalsinfluence a metallics procurement strategy?

• Feedstock flexibility: how can TCO principles be used in steel production?

• What is the conversion price from scrap to billet to steel?• What is the outlook for US steel production?

John Hritz, President & CEO, JSW SteelPeter Campo, President, Gerdau Long Steel North America

9:30am Global steel outlook

• Global overcapacity: when will capacity utilization improve? • Iron ore and economic pressures: what is subduing the global

steel market?• TPA fast-track legislation: how will it help US trade cases and

the health of US steel mills?• The strength of the dollar, Ukraine geopolitical risk, Eurozone

troubles and Iranian sanctions: how are they influencing theglobal steel market?

Evan Kurtz, Vice President, Morgan Stanley

10:00am Scrap industry keynote address

• The view from a leading player: what are the most importantconsiderations for the scrap industry?

• What are the three biggest challenges and opportunities for scrap processors?

• How are regulatory and industrial trends shaping US scrap?• How can companies manage margins in a falling

price environment?

Tamara Lundgren, CEO, Schnitzer Steel

10:30am Networking coffee break in conjunction with the 3rd DRI & Mini-mills Conference

Session II: Strategies for steelmakingraw materials

11:15am Iron ore in North America

• What DR grade ore is available? How much beneficiationdoes it require?

• Delivery time and freight costs: how do US suppliers compare with imports?

• How feasible could a divorce from global iron ore prices be? Could protectionism and domestic pricing be beneficial in aniron ore market skewed by Sino-Australian purchasing?

• How could a DRI producer take advantage of naturalresources and steel demand in the Great Lakes area?

Cliff Smith, Executive Vice President, BusinessDevelopment, Cliffs Natural Resources

11:45am DRI outlook: hot or not?

• Has the sizzle and sexiness of DRI worn off?• Wall Street’s view of DRI: how accurate has it been?• How feasible is the widespread use of DRI in US mini-mills?

What needs to change for this to happen? Will scrap remainthe metallic of choice?

• Pig iron squeeze: what affect has Nucor’s DRI growth had onpig iron demand and prices?

Charles Bradford, Partner, Metals Industries Advisory Group

12:15pm Metallics strategy: panel discussion

• What factors are influencing metallic prices and availability?How has this changed with the emergence of DRI and recentcommodity prices?

• How are scrap processors adapting their strategies to cater tochanging steel demand and melt mixes?

• Imported pig iron and alternative iron units: how do they fitinto the mix? Are they the most under threat from potentialDRI expansion?

• Which mills have the flexibility to utilize a multi-melt strategy?How important is captive raw material supply to achieving this?

• Finished product quality and cost of production: what factorsmake DRI attractive to steel makers?

Sujit Sanyal, Vice President, Operations, ArcelorMittal MontrealRalph Pinkert, Executive Vice President, Scrap Metal ServicesHank Wilson, Senior Vice President, North AmericanTrading, Tube City IMSGlenn Knoedler, General Foreman MS Raw Materials,Cascade Steel Rolling MillsHerbert Black, President & CEO, American Iron and Metal

1:15pm Networking lunch in conjunction with the 3rd DRI & Mini-mills Conference

Conference Programme

3Note: AMM Events reserves the right to alter the venue, timings and /or speakers. © AMM Events, part of Euromoney Trading Limited.

Session III: DRI technology2:30pm DRI and technological drivers for US steel making

• How can technology providers help steelmakers navigatedifficult market conditions?

• What technology allows steelmakers to utilize DRI in steel making?

• How is DRI technology going to drive DRI use? • Will DRI technology replace iron ore and blast furnace

technology rather than replace scrap?

Robert Hunter, Manager, Market Research, MidrexPablo Duarte, Sales Director, ENERGIRON

Session IV: The US economy3:00pm The outlook for the US economy

• Where are we now and what lies ahead for US economic growth?

• What will drive the demand for metals and will manufacturing rebound?

• How are global economic conditions affecting the US?• What are the key drivers for the US economy? • Will the consumer continue to boost the economy?• What are the affects of Federal Reserve actions?

Dan North, Chief Economist, North America, Euler Hermes North America

3:45pm Networking coffee break in conjunction with the 3rd DRI & Mini-mills Conference

Session V: Raw material pricing4:15pm The relationship between DRI and scrap: history, pricing

and outlook

• A historical review of DRI: what factors have encouraged andcurtailed DRI use in US steel making?

• The cyclical relationship of DRI and scrap: how do theyinteract in terms of prices and their availability? Whatdivergence in price is required to make DRI more attractive?

• What effect do natural gas prices have on the consumptionof DRI and scrap?

• What factors push scrap into short supply? What impact doesthis have on DRI demand?

Joseph Poveromo, President,Raw Materials & Ironmaking Global ConsultingAdam Parr, Vice President, Policy & Communications, Steel Manufacturers Association

5:00pm The economic fundamentals of scrap and iron ore prices

• What US and global economic indicators tie into scrap prices?• To what extent does access to DRI hedge against scrap prices?• How are steel makers adapting to take advantage of

consistent low iron ore prices? What impact is this having onscrap demand and prices?

• What factors are depressing the iron ore price? How long willthis continue? Is consolidation of supply inevitable?

• Value added products – to what extent do low iron ore pricesincrease the attractiveness of beneficiation and pelletizationto add value?

Atilla Widnell, Senior Metals Analyst, Metal Bulletin Research

5:30pm Networking drinks reception in conjunction with the 3rd DRI & Mini-mills Conference

4

9thSteel ScrapConference • 11-12 November 2015 • Chicago

Note: AMM Events reserves the right to alter the venue, timings and /or speakers. © AMM Events, part of Euromoney Trading Limited.

Day two Thursday November 12

8:00 Registration desk opens

Session I: The state of steel and scrap processing

8:45am Steel mill strategy: the impact of inputs, politics andeconomics drivers

• What are the key drivers for EAF steel manufacturing? How are political dynamics influencing strategic priorities forthe industry?

• With low raw materials and energy costs, why are steel mills still suffering? How can better performance and profitability be achieved?

• What are the margin differentials of large, publically tradedscrap companies compared with smaller, nimble players?

• Did the rush to acquire and vertically integrate play out as mills intended?

• Are captive scrap models an advantage or a hindrance inthis market? How much more agile are smaller steel mills and scrap processors?

Burke Byer, President & CEO, Byer SteelChris Risdon, Director, Supply Chain Management, Grede HoldingsPhil Bell, President, Steel Manufacturers AssociationJoseph Pickard, Chief Economist & Director ofCommodities, ISRI

9:45am M&A outlook for steel mills and scrap processors

• Is further consolidation expected either amongst US steel millsor scrap processors?

• What are the M&A opportunities in this space? • Analysis of the Metalico acquisition: is it a sign of a change in

strategy for Chinese players? • What do such strategies mean for steel import concerns?

Does overcapacity mean opportunities are limited for new entrants?

• Why did Upstate lose out to Ye Chiu? Does Upstate have any other acquisitions in its pipeline? What criteria and synergies isit looking for?

Vince Pappalardo, Managing Director, Brown Gibbons Lang & CompanyAdam Weitsman, Owner, Upstate Shredding

10:30am Networking coffee break in conjunction with the 3rd DRI & Mini-mills Conference

Live

5

• Browse the Delegate List by Name,Company Name or Country

• Contact fellow participants to pre-arrange meetings, introduce yourcompany or just say hello to oldindustry friends

• View the event agenda (with liveupdates onsite)

• Access Speaker Presentationsthroughout the event

• Ask the chairman and moderatorsquestions anonymously

• Update your profile

Delegate Messenger System

Note: AMM Events reserves the right to alter the venue, timings and /or speakers. © AMM Events, part of Euromoney Trading Limited.

3:00pm Turkey and MENA: what next for these regions?

• What are Turkey’s current buying patterns? Where is it gettingits scrap from? Is Chinese billet being purchased?

• What is the export outlook for Turkish steel products? Whereare Turkish exporters looking to increase their market presencein areas where they have a lower share?

• How will the CIB’s International Competition DevelopmentProject (URGE) help Turkish domestic steel companies toincrease their export volumes?

• What are Turkish mills’ pricing policies and flat productproducers’ quality requirements?

• How is the MENA region changing the dynamics of steelproduction? Are there opportunities for scrap exporters here?

John Can Unsalan, Managing Director, Ferrous Scrap BrokersPhillip Hoffman, Vice President of Ferrous Scrap Trading,MedTrade

3:30pm Networking coffee break in conjunction with the 3rd DRI & Mini-mills Conference

Session III: Demand makers andmarket movers

4:00pm Traders panel: different dynamics of demand

• What the greatest pressures on traders at the moment?• How are the exporting regions of the US performing? Is the

west coast suffering more than the east?• What has been the impact of reduced export activity on

domestic trading and pricing of scrap?• What are the major exporting trends for scrap?• China: are current rates of steel production and consumption

in China the new normal?• How much longer will a readjusting China impact the ferrous

market place?• Which has a bigger impact on global scrap and steel pricing?

The slump in China’s economy or its never-ending growth?

Steve Leddy, Director, Ferrous Trading, Triple M MetalNathan Fruchter, Owner, Idoru Recycling*

4:45pm Scrap futures: what the new LME contract will offer

• An overview of the new LME ferrous futures contracts• What is different about these contracts?• Other LME initiatives to further support the ferrous market

Oscar Wehtje, Head of Product Development, LME

5:15pm End of day two and close of conference

*Speaker subject to final confirmation

Session II: Export markets11:00am India and Asia: the future for Asian EAFs

• How competitive are Asian EAFs compared with cheap ironore consuming BFs?

• Which have been the most active Asian trade routes from theUSA this year?

• India: how is India streamlining its import systems? How healthyis demand?

• North Asia: what are Korean, Taiwan and Japanese pricesand demand like? Where are these regions getting theirmaterial from?

• South-east Asia: how much scrap are they consuming?

Ved Prakash, Director – Commercial, Gemini Corporation

11:30am The impact of Chinese billets and cheap iron ore

• With iron ore so cheap, who is choosing to make steel withcheap Chinese billet over scrap?

• How is cheap iron ore impacting the competitiveness of blastfurnaces with EAFs?

• Can cheap billet compete with scrap over the long term? Inwhich markets is it most likely to persist?

• What has been the impact on global scrap prices?

John Heffernan, Partner, Metal Industries Advisory Group

12:00am Logistics: container versus bulk

• What are the preferences for bulk or container in the current market conditions?

• How has the fall in scrap prices impacted dry bulk andcontainer rates? Can rates go any lower?

• Are low energy prices helping manage lower margins? • What impact has the fall in bulk prices had on the growing

shift towards container use?• How are new sulphur regulations in Europe and North

America impacting freight rates? Where are the designatedexclusion zones?

John Spruce, CEO, Advanced Steel RecoveryAdditional panelists to be announced

12:45pm Networking lunch in conjunction with the 3rd DRI & Mini-mills Conference

2:00pm Mexico: its place in global steel

• How is the local steel industry being impacted by global imports?

• When is the government expected to enact trade barriersand who will they target?

• What is the scrap deficit in Mexico? What are steel millsproducing and what grades of scrap do they need? What istheir capacity utilization?

• To what extent is the Mexican government supportinginfrastructure and industrial development? What impact will thishave on the secondary market and the production of steel?

Ryan Thrasher, Commercial Manager of Mexico,OmniSource Corporation Javier Perez Dominguez, CEO, ReciclacentroBob Oehlers, Vice President, Zimmer Recycling

6

Confirmed speakers include:l Sujit Sanyal, Vice President, Operations,

ArcelorMittal Montreall Nicole Leonard, Analyst, Bentek Energyl Janice Bolen, Senior Process Engineer, Hatch Associatesl Roberto Carvalho, Chief Commercial Officer,

Samarco Mineracaol Michael Hepworth, Vice President Corporate Development,

Northern Iron Corpl Joel Morales, Marketing Manager, Tenova HYL

With more being added each day…

DRI &Mini-mills

3rd Annual

Conference

11-12 November 2015Hyatt Regency O’Hare, Chicago, USA

“An excellent moment fornetworking in the US market”Jose Senra, General Manager, Samarco

Gold sponsor:

Media partner:

Day twoThursday November 127:30am Registration desk opens

Session I: Steel making technology

9:00am DRI technology – innovations, efficiencies and cateringfor the North American market

10:00am EAF technology – how are minimills adapting to newdemand pressures?

10:30am Networking coffee break in conjunction with the Steel Scrap Conference

Session II: Raw materials: DR gradepellets and natural gas – availability,prices and quality

11:00am DR grade iron ore – availability and pricing

12:00pm Oil and gas outlook – how is it impacting metal?

12:30pm Networking lunch break in conjunction with the Steel Scrap Conference

Session III: DRI in the wider metallicsspectrum – where does it fit in?

2:00pm Merchant DRI – availability, pricing and trade routes

2:30pm Challenges for North American DRI Projects

3:00pm DRI around the world – how is DRI being utilized?

3:30pm Networking coffee break in conjunction with the Steel Scrap Conference

Session IV: DRI utilization andoperational advantages

4:00pm Value in use of DRI – operational advantages in minimills

4:30pm DRI in primary steel making routes

5:15pm End of day two and close of conference

One registrationNetwork with players from throughout the supply chain and learn about two key steel making raw materials

to the 9th Steel Scrap Conferenceor 3rd DRI & Mini-Mills Conference

allows access to both events

Silver sponsor:

Sponsorship & ExhibitionOpportunitiesShowcase your company, increase your brandawareness and enhance your networkingopportunities by becoming a sponsor of the 9th SteelScrap Conference. Sponsorship opportunitiesdeveloped by AMM Events have become essentialtools for organizations in fulfilling their marketing

objectives. There are a range of sponsorshipopportunities which will enable your company toraise your brand profile, before and at the event, aswell as highlighting your company to an audience ofsenior executives and key decision makers fromacross the sector.

For sponsorship & exhibition opportunities, please contact:

Mary Connors Tel: +1 646 274 6250 Email: mconnors@amm.com

Welcome Reception...network and welcome potential clientswith your branding prominent

Host a Delegate Lunch...entertain a large number of existing and potential clients

Coffee Break Sponsor...get your message across with highvisibility branding

Delegate Bag Sponsor...your company logo on the move formaximum effect

Sample of the companies that attended last year:l Accenturel Advanced Steel Recoveryl Al Nasser Industrial

Enterprises LLCl All Raw Materials Consultingl All Star Metalsl AMG Resources Corporationl ArcelorMittal Dofasco Incl ARVOS GmbH - Schmidtsche

Schack Divisionl Awin Resource International

PTE Ltdl Benteler Steel & Tube

Corporationl Brick Recycling Co Incl Brilliance Mahk Import & Export

(Shanghai) Co Ltdl CG Railway Incl ClarkDietrich Building Systemsl CMA CGMl CMC Steel Texasl CNl Combined Metal Industriesl Covanta

l David J Joseph Companyl Duferco SAl Dura-Barl EJl Euler Hermesl Fe Xchange LLCl Ferrometalesl Ferrous Processing & Tradingl Frisa Forjados SA de CVl Gamma Techl Genesis Attachmentsl Gold Metal Recyclersl Government of India - Ministry

of Steell Great Lakes Metal Tradingl Grede Holdings LLCl Green Metals Incl Gurona Corpl H&R Resources Recycling

(Zhangjiagang) Co.Ltdl Hamilton Metalsl Harris Waste

Management Groupl Harsco Metals

l ICAP Shipping USAl Inspectoratel Institute of Scrap

Recycling Industriesl JMC Steel Groupl Kastle Systemsl Louisiana Scrap Metal Recyclingl Macsteel Internationall McNeilus Steel Recyclingl Metal Bulletin Researchl Metalicol MG Transport Services LLCl Midwest Metals Corporationl Mitsui & Co (USA) Incl MRO Resources LLCl Newell Recyclingl NLMK Indianal North Star BlueScope Steell Olympus Scientific Solutions

Americasl Omnisourcel Port Canaveral Scrap

Terminal LLCl PSC Metals

l Quad Plusl Reciclacentrol RedWavel Roca Acero SA De CVl SA Recyclingl Sadoff Iron & Metal Companyl Schmidtsche Schack Arvosl Schnitzer Steel Industries Incl Schupan Industrial Recyclingl Scrap Metal Services LLCl Severstall Severstal North Americal SKF USA Incl Steel Manufacturers Associationl Stout Risius Ross Advisorsl Tata Steel Minerals Canada Ltdl TimkenSteel Corporationl TMK IPSCOl Tri Coastal Trading Companyl Tri-Miss Services Incl Triple M Metal LPl Tube City IMSl Vtorinvest Holding SAl Zimmer Recycling

7

Exhibitors:

Gold sponsor: Silver sponsor:

Registration

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AccommodationHyatt Regency O’Hare is conveniently located in Rosemont,Illinois is minutes away from the Chicago O’Hare InternationalAirport and only 15 miles from downtown Chicago.

Hyatt Regency O’Hare, 9300 Bryn Mawr Avenue Rosemont, IL 60018, US. Tel: +1 847 696 1234

Delegate cancellationsRegistration cancellations received in writing on or before 14 October 2015 wlllqualify for a refund less US$200 handling charge. No refund will be given oncancellations after this date, although delegate substitutions will be accepted. Forhotel cancellation policy, please contact the hotel directly. ln the unlikely event of thisconference being canceled for any reason, neither AMM not its subsidiaries and/orassociated companies nor its employees accept any responsibility for travelaccommodation cost or consequential losses incurred by a prospective delegate as aresult of any such cancellation. We therefore recommend that prospective delegatesarrange appropriate travel insurance coverage. Note: While every effort is made to ensurethe speakers, papers, topics, tours etc that are announced in advance materialize, neitherAMM Events nor is subsidiaries and/or associate companies nor its employees accept anyliability or responsibility in cases where they fail to materialize.

9th Steel Scrap Conference | 11-12 November 2015

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Early Bird Rate expires 18 September 2015 $1,299 $200

Standard Rate after 18 September 2015 $1,499 N/A

One registration to the 9th Steel Scrap Conference or DRI &Mini-Mills Conference allows access to both event streams

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