Suriye’deki türkmenlerin türkiye’ye isyanı
Halep Bölgesi’nde 100 kadar Türkmen köyü IŞİD tarafından ele geçirildi. 41 Türkmen köyü ise savunmada beklerken Türkmenler Türkiye’ye “Silah gönderemeyebilirsin, yardım gönderemeyebilirsin. Ama beni vuran IŞİD’i nasıl sınırlarından geçirirsin?” sorusunu soruyor.
İsmini açıklamak istemeyen bir köy muhtarı, yaşananlarla ilgili “Bizim sıkıntılarımız çok büyüdü, insanlarımız evlerinde kalamıyor. Bizi kesecekler. Gelip insanlarımızı götürüyorlar. Giden dönmüyor. Bu ne zulumdür. Beşar’ın zulmünden de kötü bunların zulmü. Beşar bizim düşmanımız. Bu belli. Hattımız var savaşıyoruz. Ya bunlar hainler. Bunlar dinsizler, bunlar kitapsızlar. “İnsan kesmek” ne demek? İnsanlık mıdır bu? Nedir benim suçum? Sen nereden gelmişsin? Kimsin sen? Ne yapıyorsun burada? Ben kendimi müdafa etmeyeyim mi? Namusumu müdafaa etmemeli miyim?” dedi.
“ÖNCE BAĞLAYIP SALLA SONRA İPİ KES. İNSANLIK MI BU?”
How will raw material prices and other factor cost drivers influence the overall of cost of goods sold for product being sourced out of China? This outlook gives our readers a clear understanding of the key factors that drive production costs in China for hardline manufacturers. We review global demand, currency markets, metals pricing and freight and consider how the outlook for each of these drivers will influence the cost of hardlines manufactured in China. This semi-annual publication is distributed to our clients and offers a summary of our in depth research. It is used by Sertus and our clients to extract savings from more effective purchasing management and deliveries given the specific outlook for each segment covered.
Global Aluminium Oversupply: Consequences and Survival Strategiesalcircle.com
We are already halfway through the current financial year and the slowdown in the commodity market is showing no signs of letting up. Key “leading indicators” like aluminium have been declining steadily on the London Metal Exchange (LME), hitting fresh lows every day. This trend is clearly indicative of a widespread economic downturn which has already hit China, and unlike the recent crisis in Greece, this is likely to have a rather prominent impact on major economies of the world.
Suriye’deki türkmenlerin türkiye’ye isyanı
Halep Bölgesi’nde 100 kadar Türkmen köyü IŞİD tarafından ele geçirildi. 41 Türkmen köyü ise savunmada beklerken Türkmenler Türkiye’ye “Silah gönderemeyebilirsin, yardım gönderemeyebilirsin. Ama beni vuran IŞİD’i nasıl sınırlarından geçirirsin?” sorusunu soruyor.
İsmini açıklamak istemeyen bir köy muhtarı, yaşananlarla ilgili “Bizim sıkıntılarımız çok büyüdü, insanlarımız evlerinde kalamıyor. Bizi kesecekler. Gelip insanlarımızı götürüyorlar. Giden dönmüyor. Bu ne zulumdür. Beşar’ın zulmünden de kötü bunların zulmü. Beşar bizim düşmanımız. Bu belli. Hattımız var savaşıyoruz. Ya bunlar hainler. Bunlar dinsizler, bunlar kitapsızlar. “İnsan kesmek” ne demek? İnsanlık mıdır bu? Nedir benim suçum? Sen nereden gelmişsin? Kimsin sen? Ne yapıyorsun burada? Ben kendimi müdafa etmeyeyim mi? Namusumu müdafaa etmemeli miyim?” dedi.
“ÖNCE BAĞLAYIP SALLA SONRA İPİ KES. İNSANLIK MI BU?”
How will raw material prices and other factor cost drivers influence the overall of cost of goods sold for product being sourced out of China? This outlook gives our readers a clear understanding of the key factors that drive production costs in China for hardline manufacturers. We review global demand, currency markets, metals pricing and freight and consider how the outlook for each of these drivers will influence the cost of hardlines manufactured in China. This semi-annual publication is distributed to our clients and offers a summary of our in depth research. It is used by Sertus and our clients to extract savings from more effective purchasing management and deliveries given the specific outlook for each segment covered.
Global Aluminium Oversupply: Consequences and Survival Strategiesalcircle.com
We are already halfway through the current financial year and the slowdown in the commodity market is showing no signs of letting up. Key “leading indicators” like aluminium have been declining steadily on the London Metal Exchange (LME), hitting fresh lows every day. This trend is clearly indicative of a widespread economic downturn which has already hit China, and unlike the recent crisis in Greece, this is likely to have a rather prominent impact on major economies of the world.
October 2014 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
INDUSTRY ANALYSIS : Metal
COMPANY ANALYSIS : Tata Steel
Events Report
Concept of the Month
Quiz
Did You Know?
This report analyzes the worldwide markets for Steel in Million Metric Tons by the following End-Use Applications: Construction, Automotive, Machinery, Other Domestic/Commercial Equipment, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, Latin America, and Africa. Annual estimates and forecasts are provided for the period 2007 through 2015. A seven-year historic analysis is also provided for these markets. The report profiles 210 companies including many key and niche players such as Anshan Iron & Steel Co., Ltd., ArcelorMittal, Baoshan Iron & Steel Co., Ltd, Evraz Group S.A., Nizhniy Tagil Iron and Steel Works, Novokuznetsk Iron and Steel Plant, V
Objective Capital's Industrial Metals, Minerals & Investment Summit 2010
London Chamber of Commerce and Industry
3 November 2010
Speaker: Sacha Backes, International Finance Corporation
The process of aluminum extrusion involves heating raw aluminum in a kiln until it becomes soft enough to be formed. This hot aluminum is further pressed under high pressure through a mold which provides the final shape to the profiles. After the extrusion of the profiles, it is further cooled and then cut into the required sizes. As this process of producing aluminum profiles is cost-effective compared to other processes such as casting, the demand for extruded aluminum profiles is expected to propel in the near future. Moreover, extruded aluminum profiles have fewer restrictions over color and applying methods. Thus, they can be applied via electrodepositing, flow coating, electrostatic spraying, powder coating, and dip coatings. Also, dual colors can be applied to these aluminum profiles, thereby, enhancing their aesthetic appearance. Therefore, no restriction in the application of colors is another major factor augmenting the market growth for extruded aluminum profiles.
Steel competitivenessdeterminants by Marcel Genet Laplace ConseilAudrey Bayard
The purpose of the analysis is to search for the determinants of success (primarily measured by gross profit margin, market cap per sales and market share growth) and test the effectiveness of well known strategies (choosing growing market to compete, M&A, moving to higher value products and integrating upstream into mining). More on: http://laplaceconseil.com
Ежегодный отчет PwC «Сделки слияния и поглощения в металлургической отрасли: ...PwC Russia
По последним данным ежегодного отчета PwC «Сделки слияния и поглощения в металлургической отрасли: взгляд в будущее», активность в области сделок в глобальном масштабе устанавливает новые рекорды, однако в металлургической отрасли рост сделок практически остановился.
Общая стоимость завершенных сделок в металлургической отрасли за последний год упала до самого низкого уровня, когда-либо отмеченного в серии ежегодных отчетов PwC. По сравнению с прошлым годом общая стоимость сделок снизилась на 32 % – с 16,8 млрд долл. США в 2014 году до 11,4 млрд долл. США в 2015 году. Это на 3,7 млрд долл. США меньше, чем в 2009 году, сразу после кредитного кризиса, и на 4,7 млрд долл. США ниже уровня 2003 года, когда был опубликован первый выпуск из этой серии отчетов с данными о сделках в металлургической отрасли.
Однако, несмотря на рекордно низкую общую стоимость сделок, их объем в целом сопоставим с уровнем многих прошлых лет, хотя и не дотягивает до пиков, которые мы наблюдали на рубеже десятилетия.
During this week's Invast Insights we cover:
► Fundament drivers behind the Commodities
► The China slowdown effect
► The future of the Copper
GRAB A 4 WEEK INVAST INSIGHTS FREE TRIAL (WEEKLY NEWSLETTER)
http://invast.com.au/insights
CONNECT WITH INVAST TODAY
Facebook ► https://www.facebook.com/invastglobal
Twitter ► http://twitter.com/InvastGlobal
Linkedin ► http://www.linkedin.com/company/invast
Invast ► http://www.invast.com.au
Google+ ► https://plus.google.com/+InvastAu/
October 2014 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
INDUSTRY ANALYSIS : Metal
COMPANY ANALYSIS : Tata Steel
Events Report
Concept of the Month
Quiz
Did You Know?
This report analyzes the worldwide markets for Steel in Million Metric Tons by the following End-Use Applications: Construction, Automotive, Machinery, Other Domestic/Commercial Equipment, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, Latin America, and Africa. Annual estimates and forecasts are provided for the period 2007 through 2015. A seven-year historic analysis is also provided for these markets. The report profiles 210 companies including many key and niche players such as Anshan Iron & Steel Co., Ltd., ArcelorMittal, Baoshan Iron & Steel Co., Ltd, Evraz Group S.A., Nizhniy Tagil Iron and Steel Works, Novokuznetsk Iron and Steel Plant, V
Objective Capital's Industrial Metals, Minerals & Investment Summit 2010
London Chamber of Commerce and Industry
3 November 2010
Speaker: Sacha Backes, International Finance Corporation
The process of aluminum extrusion involves heating raw aluminum in a kiln until it becomes soft enough to be formed. This hot aluminum is further pressed under high pressure through a mold which provides the final shape to the profiles. After the extrusion of the profiles, it is further cooled and then cut into the required sizes. As this process of producing aluminum profiles is cost-effective compared to other processes such as casting, the demand for extruded aluminum profiles is expected to propel in the near future. Moreover, extruded aluminum profiles have fewer restrictions over color and applying methods. Thus, they can be applied via electrodepositing, flow coating, electrostatic spraying, powder coating, and dip coatings. Also, dual colors can be applied to these aluminum profiles, thereby, enhancing their aesthetic appearance. Therefore, no restriction in the application of colors is another major factor augmenting the market growth for extruded aluminum profiles.
Steel competitivenessdeterminants by Marcel Genet Laplace ConseilAudrey Bayard
The purpose of the analysis is to search for the determinants of success (primarily measured by gross profit margin, market cap per sales and market share growth) and test the effectiveness of well known strategies (choosing growing market to compete, M&A, moving to higher value products and integrating upstream into mining). More on: http://laplaceconseil.com
Ежегодный отчет PwC «Сделки слияния и поглощения в металлургической отрасли: ...PwC Russia
По последним данным ежегодного отчета PwC «Сделки слияния и поглощения в металлургической отрасли: взгляд в будущее», активность в области сделок в глобальном масштабе устанавливает новые рекорды, однако в металлургической отрасли рост сделок практически остановился.
Общая стоимость завершенных сделок в металлургической отрасли за последний год упала до самого низкого уровня, когда-либо отмеченного в серии ежегодных отчетов PwC. По сравнению с прошлым годом общая стоимость сделок снизилась на 32 % – с 16,8 млрд долл. США в 2014 году до 11,4 млрд долл. США в 2015 году. Это на 3,7 млрд долл. США меньше, чем в 2009 году, сразу после кредитного кризиса, и на 4,7 млрд долл. США ниже уровня 2003 года, когда был опубликован первый выпуск из этой серии отчетов с данными о сделках в металлургической отрасли.
Однако, несмотря на рекордно низкую общую стоимость сделок, их объем в целом сопоставим с уровнем многих прошлых лет, хотя и не дотягивает до пиков, которые мы наблюдали на рубеже десятилетия.
During this week's Invast Insights we cover:
► Fundament drivers behind the Commodities
► The China slowdown effect
► The future of the Copper
GRAB A 4 WEEK INVAST INSIGHTS FREE TRIAL (WEEKLY NEWSLETTER)
http://invast.com.au/insights
CONNECT WITH INVAST TODAY
Facebook ► https://www.facebook.com/invastglobal
Twitter ► http://twitter.com/InvastGlobal
Linkedin ► http://www.linkedin.com/company/invast
Invast ► http://www.invast.com.au
Google+ ► https://plus.google.com/+InvastAu/
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
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Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
2. CMC – Business Model
Vertical Integration
Product Diversification
Global Geographic Dispersion
Goldman Sachs
4th Annual
Global Steel CEO Forum
December 4, 2008
3. Current Market Conditions & Outlook
Global Liquidity Crisis has Frozen the Steel Markets
Vicious Downward Spiral of Confidence
Supply, Including Inventories, Exceeds Apparent (or
Willing) Demand
Major Focus is Inventory Reduction and Cash
Generation
Major Steel Production Cutbacks, 30-50%
Depending on Markets
Sharp Price Declines Appear to be Easing
Project Delays, Cancellations More Frequent
Contract Cancellations, Market Claims, Price
Renegotiations at Unprecedented Levels
Goldman Sachs
4th Annual
Global Steel CEO Forum
December 4, 2008
4. North America
Ferrous Scrap Prices, After Free Falling ($480/LT
Drop July – November), Now Stabilizing
Ferrous Scrap Flows Dramatic Slowing
– Low Prices Impact Collection
– Winter Approaching
U.S. Steel Mills Driving Down Inventories – Major
Announced Production Cutbacks
– Year End Impact
Rebar Fabrication Backlogs Declining
Many Small Jobs (200-700 Tons) Being Bid But
Larger Jobs are Scarce
Service Centers Living Hand-to-Mouth; Buying
from Mills’ Inventories
Goldman Sachs
4th Annual
Global Steel CEO Forum
December 4, 2008
5. North America
Rebar Imports Well Down
– Only 20,000 MT Imported in November
– Only 79,000 MT/Month Average YTD 2008
Latest Turkish Offers Approximately US
$500/MT Houston Not Attractive
– Long Lead Times
– Must Commit to Larger Quantities
– Volatility Scrap / Domestic Rebar Prices
– Credit / Working Capital Constraints
Strengthening US$ and Low Freight Rates Not
Attracting Imports
Goldman Sachs
4th Annual
Global Steel CEO Forum
December 4, 2008
6. North America
OCTG Imports Starting to Decline
Raw Materials
– Some Weaker
– Some OK
Copper Prices – Always a Bell Weather
– At $1.60 - $1.70 Per Pound
– Reflects Lower Demand
China Starting to Buy Nonferrous Scrap Again –
Positive Sign
Goldman Sachs
4th Annual
Global Steel CEO Forum
December 4, 2008
7. Europe / Middle East
Mill Production Cutbacks and Inventory
Reduction Programs Will Continue into 2009
Large Inventories Unsold Rebar in Middle East
Markets
Polish Government Stimulus Package and EU
Funds for Infrastructure a Positive for 2009
Many Governments are Focusing on
Infrastructure Spending in 2009 Which Will
Benefit Long Steel Products
Goldman Sachs
4th Annual
Global Steel CEO Forum
December 4, 2008
8. China
Reversal of Former Strategy to Control Overheating
Economy / Inflation
Target 8-9% GDP in 2009
Fiscal Stimulus
– US $590 Billion Infrastructure Spending
– Focus Major Infrastructure Projects, Rail, Ports,
Highways
– Focus Public Housing
– Lowering Taxes (Including Income Taxes?)
– Reducing Export Taxes
Monetary
– Rapidly Cutting Interest Rates, Latest by 1.08%
– Providing More Export Subsidies
Goldman Sachs
4th Annual
– Currency Now Depreciating to US$ (6.83-6.85)
Global Steel CEO Forum
December 4, 2008
9. China
Steel Mills Cut Back Production 30-50%
Long Products Demand and Prices Improving
Slightly – Flat Products Remain Weak
Steel Mills Starting to Buy Imported Scrap
Spot Iron Ore Prices now $70-73/MT (Bottom Mid
November at $65/MT)
Chinese Mills Only Buying on Spot Market – No One
Buys at Benchmark (Contract) Prices
Large Inventory of Iron Ore at Ports (60-70 Million
MT) Likely to Take One to Two Quarters to be
Significantly Reduced
Goldman Sachs
4th Annual
Global Steel CEO Forum
December 4, 2008
10. Summary – What Will Break the Cycle?
Global Government Intervention Programs
Must be Effective
Credit / Liquidity Issues to Ease
Restoration of Confidence
Demand to Exceed Production Cutbacks /
Inventory Reductions
Clear Direction and Action from New U.S.
President / Administration
Goldman Sachs
4th Annual
Global Steel CEO Forum
December 4, 2008
11. Summary – What Will Break the Cycle?
Possible Capital / Infrastructure Stimulus
in the U.S.
China’s Impact Will be Critical
– Infrastructure Spending
– Stimulus to Domestic Consumption
– Limited Steel Exports
– Positive Signs After Chinese New Year
Goldman Sachs
4th Annual
Global Steel CEO Forum
December 4, 2008
12. Investor Information
Non-GAAP Financial Measures
and Regulation G
This written and verbal presentation may use financial
statement measures considered non-GAAP financial measures
by the Securities and Exchange Commission (SEC).
In compliance with the SEC’s Regulation G, we have
provided on our web site at
www.cmc.com
a reconciliation to the most comparable GAAP measure and
other information that may be of interest to investors.
Goldman Sachs
4th Annual
Global Steel CEO Forum
December 4, 2008
13. Forward-Looking Statements
This written and verbal presentation may contain forward-looking
statements regarding the outlook for the Company's financial results
including net earnings, product pricing and demand, production rates,
interest rates, inventory levels, impact of acquisitions and general market
conditions. These forward-looking statements generally can be identified by
phrases such as the company or its management “expect,” “anticipates,”
“believe,” “ought,” “should,” “likely,” “appears,” “projected,” “forecast,”
“outlook,” “will” or other words or phrases of similar impact. There is
inherent risk and uncertainty in any forward-looking statements. Variances
will occur and some could be materially different from management's
current opinion. Developments that could impact the Company's
expectations include solvency of financial institutions and their ability or
willingness to lend, extent of government intervention and its effect on
capital markets, construction activity, difficulties or delays in the execution
of construction contracts resulting in cost overruns or contract disputes,
metals pricing over which the Company exerts little influence, interest rate
changes, increased capacity and product availability from competing steel
minimills and other steel suppliers including import quantities and pricing,
court decisions, industry consolidation or changes in production capacity or
utilization, the ability to integrate acquisitions into operations; global
factors including political and military uncertainties, credit availability,
currency fluctuations, energy and supply prices and decisions by
Goldman Sachs
governments impacting the level of steel imports and pace of overall
4th Annual
economic activity, particularly China.
Global Steel CEO Forum
December 4, 2008