Deﬁnitive price assessments for European hot-rolled steel coil trusted by the industry www.cruindices.com Markets covered Join the curve… If you are actively involved in Europe’s steel sheet market you need to know which way the price curve is heading – in short, you need to get access to CRU’s market leading assessments of hot-rolled coil prices in Germany, France, Italy and Spain. For over 25 years CRU has tracked monthly steel sheet prices in the major European markets. These are currently derived from traditional telephone surveys conducted with our extensive pool of data providers from across the steel supply chain - producers, service centers, traders and end- users. Following the successful introduction of weekly price assessments for the U.S. Midwest* market, which are calculated from online data submissions made at cruindices.com, we will shortly be introducing weekly price assessments for the major European markets. Price volatility has increased signiﬁcantly in recent years and as a consequence market participants have increasingly migrated towards index-based deals to limit their price risk. As a proven supplier of accurate, independent and accepted price assessments we are conﬁdent that our reputation in the physical and ﬁnancial markets will be further cemented by our new weekly European price assessments. * Our U.S. Midwest price assessments are used for CME’s ‘U.S. Midwest Domestic Hot-Rolled Coil Steel Futures Contract’ www.cruindices.com CRU have been tracking monthly European steel sheet prices for over 25 years and are moving to weekly assessments in early 2010 Why do companies contribute Beneﬁts of being a data provider Conﬁdentiality to our European Indices? • Receive weekly, price assessments, In order to protect the integrity of Given the amount of valuable physical including history for hot-rolled coil the index, each data provider signs and ﬁnancial contracts settled against in Germany, France, Italy and Spain an agreement, which addresses CRU’s steel prices, it is in the interest of conﬁdentiality and security. CRU market participants to contribute data. • Get access to CRU’s world Indices will never advertise, publish In doing so, our assessments better reﬂect renowned Steel Industry Analysts or disclose the names of the companies their business and its role in the market. • Once a year receive an outlook who contribute to its price assessments, white paper on the European Steel nor any details relating to their What data is provided? Sheet market transactions. The average price of all hot-rolled coil spot transactions completed in the • Chart your data contributions preceding week for forward delivery. against our prices online at Become a data provider www.cruindices.com 3 simple ways to apply... How are our weekly European • A discount on CRU’s Indices calculated? Steel Price Data Licences Complete and return the Each index is compiled by assessing form overleaf a cross-section of data points from • Introductory offers for CRU’s established market participants from Steel Sheet Products Monitor Online at across the supply chain. • A VIP discount on CRU’s www.cruindices.com Data is submitted online by Steel Mills, Steel Conferences Service Centers, Stockholders, Traders Email email@example.com How are CRU’s steel price and End-users relating to the price of spot transactions completed in the assessments utilised? preceding week for forward delivery. • In ‘physical contracts’ For full details on our index • In ‘variable cost contracts’ methodology, please visit • As a reference point in Submit Data Online: www.cruindices.com determining surcharges Contributions are made at www.cruindices.com • In the settlement of ‘Over the Fast – Efﬁcient – Secure Counter’ (OTC) derivative products • In the settlement of ‘Exchange Traded’ derivative products For further information on CRU’s Price Assessments, visit www.cruindices.com 2009 Monthly Hot-Rolled Coil Prices – €/tonne Correlations between prices January 2005 – December 2009 €460 €440 HRC Germany France Italy Spain €420 €400 Germany 1.00 0.99 0.91 0.93 €380 France 0.99 1.00 0.91 0.93 €360 €340 Italy 0.91 0.91 1.00 0.92 €320 9 09 9 9 9 9 9 9 9 9 9 9 Spain 0.93 0.93 0.92 1.00 n0 r0 r0 y0 e0 l0 g0 p0 t0 v0 c0 b Ju Oc Ma Ap Ma No De n Ja Fe Au Se Ju Germany France Italy Spain Source: CRU Analysis Deﬁnitions used: Hot-rolled (HR) coil North Europe Hot-rolled (HR) coil South Europe (Germany): (Italy) Sample Correlation Data • Base price, from parity point • Base price, from parity point within Italy, If you are interested in within Germany, for spot purchases for spot purchases for forward delivery for forward delivery running correlations • Commercial quality (prime) material, between your data • Commercial quality (prime) material, within standard tolerances within standard tolerances and ours, please email • In coils of at least 15 tonnes, with • In coils of at least 15 tonnes, with standard packaging firstname.lastname@example.org standard packaging • Extras for gauge and width excluded • Extras for gauge and width excluded • Delivery charges and taxes excluded • Delivery charges and taxes excluded • Raw materials surcharges included Sample prices • Raw materials surcharges included To receive a free sample Hot-rolled (HR) coil North Europe Hot-rolled (HR) coil South Europe of our prices, visit (France): (Spain): www.cruindices.com • Base price, from parity point within France, • Base price, from parity point within Spain, for spot purchases for forward delivery for spot purchases for forward delivery • Commercial quality (prime) material, • Commercial quality (prime) material, within standard tolerances within standard tolerances D ’ f ll Don’t fall • In coils of at least 15 tonnes, with standard packaging • In coils of at least 15 tonnes, with standard packaging behind the • Extras for gauge and width excluded • Extras for gauge and width excluded price curve - • Delivery charges and taxes excluded • Delivery charges and taxes excluded • Raw materials surcharges included • Raw materials surcharges included join it! Related Steel Products from CRU: The Steel Sheet Products Monitor is where CRU’s assessments of current market prices are published. It also provides detailed analysis of key market fundamentals, along with production, consumption and trade data by products and region. The Steel Sheet Quarterly Outlook presents historical data and ﬁve year forecasts of production, consumption, trade and prices for hot-rolled, cold-rolled and galvanised steel sheet. The report presents detailed analysis, of all key steel sheet market regions of the world. For further information, visit www.crugroup.com The Steel Price Risk Management Guide has been designed to remove the mystery from hedging and risk management. Using a comprehensive review of price risk management in the steel industry, the study will provide you with a detailed step by step guide on how you can successfully manage your steel price risk. For further information, visit www.crupriceriskmanagement.com U.S. Midwest Domestic Hot-Rolled Coil Steel Futures Contract CRU Indices is part of CRU Group, the world’s leading independent research, consultancy, and Contract speciﬁcations events organisation in the mining and metals sectors. Trading unit: (lot size) 20 short tons Headquartered in London, CRU employs over 250 people Price quotation: US dollars and cents per short ton in its ofﬁces throughout the US, China, Chile, India, Trading months: 18 consecutive months Brazil and Australia. www.crugroup.com Settlement: Financial, against CRU’s US Midwest assessments Accurate Accepted Independent Trading symbol: HR For further details visit, www.cmegroup.com/metals Enquiry form Please complete and return this form to CRU INDICES Post > 31 Mount Pleasant, London, WC1X 0AD Fax > +44 20 7903 2432 Company type: Email > email@example.com Producer Alternatively, contact Glenn Cooney, Head of Operations: Service Centre Tel: +44 20 7903 2056; firstname.lastname@example.org /Stockholder Distributor Tick as appropriate Trader I am interested in becoming a data provider to the following markets: Germany France Italy Spain End User Other For the following Hot-rolled coil Cold-rolled coil Hot dipped galvanised coil I would like a sample of CRU’s European Steel Sheet Prices Approximate tonnage purchased/sold per annum I would like a sample of CRU’s US Steel Sheet Prices 0-25,000 I would like information on CRU’s Steel Price Licences 25,000-100,000 I would like a complimentary sample of CRU’s Steel Sheet Products Monitor 100,000-500,000 I would like a brochure for CRU’s Steel Sheet Quarterly Outlook 500,000-1,000,000 I would like some information on CRU’s Price Risk Management Services 1,000,000+ Title First Last Approximate proportion Job Title of which relates to spot transactions Company 0-20% Address 21%-40% 41%-60% 61%-80% Country Postcode 81%-100% Email Tel Fax Data protection CRU International Group companies would like to keep you informed about relevant products and services so please let us know how you would like to hear from us. 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