Steel Hedging 101: Introduction to Managing Price Risk
Steel Market Update and Spencer Johnson, StoneX Financial Inc.
– FCM Division, along with the CME Group, will be conducting a workshop for those who are actively involved in the buying or selling of steel. This workshop is tailored for those looking to understand financial derivatives as an instrument to hedge price risk, protect margins, protect inventories, or offer long-term pricing to their customers.
The flat rolled steel market is a unique and challenging environment to manage risk, but this introductory course will explain the basics of how financial products work for the steel industry through basic real world scenarios.
Building up from the basics of why firms use these products and what advantages they offer, participants will take away a concrete understanding of hedging basics, terminology, and knowledge of the market structure they will need to build a risk management strategy for their own company.
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"A fruitful overview of a complicated topic broken down to simple concepts that make it easy to understand the benefits and risks associated with a hedging steel futures strategy" - Chris Neighbors, Commodity Manager, Legrand AV
"SMU have done a great job of providing these workshops, from beginner to more advanced. They've done a great job of helping to educate the community as a whole. Our company, we are a very strong believer in it (training). We've had from CFO, BP of Production, buyers - all attending these workshops to continue to get educated as we move forward. To help our risk-management strategy." - Chris Shipp, Vice President - Supply Chain, Priefert Steel
Participants will understand:
- What "Hedging" is and why do so many companies do it
- What makes hedging in steel different to other commodities
- The structure of the market and the mechanics of how trades are executed
- The costs and risk involved
See the schedule here
Steel Hedging 101: Instructor - Spencer Johnson, StoneX
Steel Hedging 101: John Packard, Publisher and Founder, SMU
This workshop will be conducted on our tried and tested virtual platform
, which we have been using for more than nine months due to the pandemic. The advantages of a virtual course are many - the ability to watch segments both live and on-demand
proving particularly useful for executives with busy schedules.
There will be resources to download, live networking, and extended time to explore the workshop material and message the instructors after the live programming with more specific questions.
At a time when the community is waiting to return to normal, virtual learning also offers the opportunity for interactive strategic discussions with peers from across the steel industry.
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Attendees who joined the last course included:
CEO • Chief Financial Officer • Coated Metals Sales Manager • Commercial Manager • Commodity Leader • Consultant • Category Manager • COO • Director - Purchasing • Director of Finance • Director of Marketing • Director of Sales • Supply Chain • EVP, Corporate Finance and Investment Planning • Finance Analyst • Lead Financial Data Analyst • GCM • General Manager • Global Category Procurement Manager • Materials Manager • PM • President • Purchasing Manager • Raw Material Procurement Manager • Sales Manager Sales Manager - Automotive • Sr Commodity Manager • Vice President • Vice President - Business Development • Vice President - COO • Vice President - Finance • Vice President - Purchasing • Vice President Finance and Supply Chain • Vice President of Global Procurement • Vice President, Supply Chain and Operations • VP Business Development and Procurement • VP of Manufacturing & Steel Sales