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Supported by:

Australian Government SYDNEY

Austral ian Trade Commission New South Wales Government

Ministry of SteelGovt. of India

GOLD SPONSOR CARBON SPONSORS

6 T H N T E R N A T h O N A L C O N F E R E N C E ON S T E E L A N D S T E E L M A K �NG R A W M AT E R�A L SV DELH

201A A CONSUMER CONNECT IMTIATIVE

12-13 Jan.

The Global Business Hub I 5’ Global Summit

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Come, join the mega event of global business opportunities.

www.vibrantgujarat.com

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• Coking coal prices expected expected to touch $300! tonne — — / / �� “

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are you ready to cope with the crisis? E�riy y ���

.‘ UI Wa/I ,�

• Are we prepared to optimally explore our own Xteiici d of3i�1 I,e et,n9�

iron-ore resources to meet the long standing demand Ren; ” Oth1i,,�,. Ober�“Ster vVe,�.

of Indian Steel industry of 2020 and beyond? SQ�ø uei

• Is the ‘Raw Material Security Plan’ right in place? 600

• What are the challenges in setting up Greenfield steel projects in India?

• What is the role of China in shaping the steel future of the world?world?

To find answers to the impending issues crowding the world steel scenario, listen to the captains of Indian steelindustry, top p exxecutives of International Raw Material Suppppliers and renowned Global Analysts confirmed tospeak at Global Steel 2011. Global Steel 2011, the 6th International conference on steel and steel making rawmaterials, organized bby Gujarat NRE & Thhe Economic Times will be hheld from 16th h to 18th h January 2011at the Taj Palace Hotel, New Delhi.

r • • . •�����;•

- _ . in ti-li ’ cok ing COal ni�rk ci .

A u s t r i ln ki u I 5 in iil ln ta... c ot UU������������� other cu r ren t / / develop ing has in s

_______ tt�iLinq into accnu t i t logistic , q u a l i t ym d it �il mhi I i1 ISSIR s Aust ta ln

.. ������ mm eets ut ur S��o of I udj ci ’s cok ing— — . ..� .— c mal he he port needs . Clii na has aI iead�

s ta r t e d inv es t in g ii Au str al ia n ( ok— � ni in es . Indian steel m a k e m s

� are also tikikiIi COllSulOItS a t tempts

h t i t ot i i> a c— li love cmi ccess More-_____________

over, coki ng coal mines are fbi

available over the shelf for read yy• ., buy ing. Coking coal mines with• . j roven resource of prime hard

coking coal is concentrated inthe hands of onl y y the five bi gglobal mining companies. T h is

���� h as l u r t h e r result ed in si rot mg I ric onegot i at io n bb m mr i eis �m h e t t n 1 g to t h e

- . . ‘ . tt P�V�1 rd I ri nd in c )k ing coal pri ci mg.

— — — — — — — — One I n d i a n conip�m n v t ha t stands

bracing for met

Invited Speakers • MrV R Sharma, • Mr Ajay Mishra, SeniorVke President,Chief Guest Dy MD and CEO Steel Business, JSPI Global HeadCok Operations,Shri Virbhadra Singh, • Dr Amit Chatterjee, Noble Energy - SingaporeHon ’ble Union Minister for Steel, Advisor, Tata Steel • Mr John Kearsey,Govt of India • Mr R K Goyal, Director, Executive Director,Guest of Honour JSL Stainless Ltd SSYConsultancy & Research Ltd. UK

Shri P K Mishra, lAS, Secretary, • Mr Dilip Oommen, CEO Indian Steel • Mr Steven Randall,Ministry of Steel, Govt of India Business, Essar Steel MD, The Steel Index, UK

• Dr U R Dogra, MD & CEO, CARE • Mr Francis Browne,Confirmed Speakers • Dr Nikki Williams, CEO, NSW Minerals Global Director Steel and Metal Markets,

Council, New South Wales, Australia Platts, USA

• Dr J J Irani, Tata Sons • Mr Jim Lennon, Executive Director , • Dr Rod Beddows, CEO,• Mr C S Verma, Chairman, SAIL Macquarie Capital Ltd, UK Hatch Corporate Finance, UK

• Mr Partha S Bhattacharyya, • Mr Gerard McCloskey, • Ms Marian Hookham, Energy

Chairman, Coal India Ltd Founder, McCloskey group, UK Publishing, Australia• Dr Udai Pratap Singh, Joint Secretary, • Mr Michiel Hovers, • Mr Andrew Jones, CEO,

Ministry of Steel and Chairman, Vice President, BHP Billiton, Singapore Resource-net, BelgiumJoint Plant Committee • Mr Bill Graybeal, CEO, • Dr Neil J Bristow,

• Mr Suketu Shah, JtMD, Mukand Ltd Coeclerici Asia (Pte) Ltd, Singapore MD, H &WWor ldwide Consulting• Mr Malay Mukherjee, CEO, Essar Steel • Mr John Johnson, CRU, China Ltd, Australia• MrJayant Acharya, Director • Mr Peter Linford, Senior Trade • MrArun Kumariagatramka,

Commercia l & Marketing, JSW Steel and Investment Commissioner, Austrade CMD, Gujarat NRE Coke Ltd

�‘c a I b r o u r pr esetit capa cit olaroitnd 72 M I . With a conserva-t ive estimate , at the projectedstee l pro duct ion growth , wewould have to import at leastover 120 MT of coking coal in2020. What is baffling is fromwhere this lhree foldincrease in okiiig coal would besourced . Coking coa l is scarceworld wide. I mmd a mm detmia mmd a Ii oletvoiml d be em io�m g 1i t ic fu el S}) i ku i i i

ctml �it ig coa l pr ices glol)all y.New sources ul cokiiig

(t )�tl h ave ltd �eI l cec t tl�’ < ed as e ( , m m c r I m u r u i a I—I y v i m h It ’ . �s4�mj o r c h mal ——

lenges u u xi st a t ound .,. -

in l ras t r t t c t i i t e at ldCOSt . New coalb as ins a t e cotmmi i m gon stre�miii b u th a t e qu a l ity as

wi�ll as pol i t icallactc cr5 . I mmcli flit’——sia & �v1oia i m i -b iq ite i h m o t t g h h lu t egc’c�gr a j i l i i c �ii oX i I l l i t y

�ii lt atliagos , h u t q cta l i iy .i r i l r a s t r u t c t i t r e �mnc1 steadya v a i l a b i l i p p are immi t ch biggerc lue s t ic ln s . These d u T i e s arc Ilkij il l inttIme pr� pp� t n g licetise sluge wlmc reI c_ scm S CS li�ive to i d e t i t i I cii a id USt�Il3 ——lishe d vvhiclm t vould L e q i l i r e lmt t ge i t l—

e s t t n e t i t befor e t n n l n i g can ac tu a l l�CI )t li Ffleli ce. Ke issue lot l it t it t i iswill netv supp lies arrit . in t i tH e un-der st ro t mg deni and coti dit ions? Qual-i t y ol co al m u m t h e nevs n ines is ct l—%\avs a big question.

C hi n,l ‘s en1er�ence is a n l aj o r � i k —

hug coal bt iycr h a s fu r ther added tohi woes of I n d i a n steel m a Ler s . C li i—

na has emii e rged as a net i rrtporl c r o Icoking c.o�l �mud in 2009, Chinese ni—lion ol coking coal ‘,tas a r o u n d fl

\/IT whi ch is e’ pect ed t t risc- in coin ——

ing teats , adding to the cotimp l eiiotm

I I teel mills need to preparethemselves for huge risesin coking coal prices in the

next few years ” was the view sharedby ana lysts in one of the recentlyconcluded raw material conferencesin Amsterdam, Coking coal prices

are likely to surge over the next fewyears due to a lack of new supplycoming on to the market. Prices fortthe material may have decreased forthe fourth quarter this year , but theminers may be about to put tthesqueeze on steel mills if anal ysts ’

projections are correct . In the De-cember quarter of 2010, coking coalprices dropped back from the Q3price of $225 per tonne fob Aus-tra lia; settling at a lower $209 pertonne. This is onl y likel y to be atemporary reprieve for steel millsthoughh, analysts believe and theQ4 might see the price rising toaround $212 - $215 per tonne.The price could get near to $300per tonne fob Australia in thenext few years , if demand fromIndia and China remains as pro-jected and assuming that global-ly steel production picks up par-ticu larly in Europe.

This is not at all mm usic to the yearsof the steel makers. Coking coal hasbecome one of the greatest villains ofthe Indian steel growt h h saga. All ma-jor steel makers have realized thistthreat and are activel y scouting forsecured supply of coking coal to keepttheir blast furnaces running and tomeet their growth commitments. In-dian stee l industry is projected togrow at least at the rate of 12% intthe next decade to attain 200 MT bby2020. We would be importingaround 40 MT of cokking coa l tthhis

Sponsors: nobleenergy

N E W D E L H

GUJARAT NREGujarat NRE Co ke Ltd Invites All

to

y ,brant

Steel Paradiso @Global Steel 2011

GU J ARAT 2011

THE CRÈME DE LA CRÈME OF THE STEEL WORLD @ GLOBAL STEEL 2011

Steel makers brcoal price hike

for met

out and needs special mention is Gu-j ara t NRfl Coke Lid , tth e largest met-allurg ical coke producer in India. Inthe words of Mr Arun Kumar Jaga-trarnka, Chairman Guj arat NRE ,“We were qu ick to anal yse thefuture coking coal scenario asear ly as in n 2004, when we boughtthe first coking coal mine NRENo! in New Sout h Wales , Aus-tra lla. We bought the secondmine NRE Wongawi lli in 2007 inNSW,Australia ” . Gujarat NRE presentlyowns and operates two coking coalmines with h resources of over 572

million tonnes prime hardcoking coal , wwhhose

quality is second tonone in the world.

Gujarat NRE

‘��, has the unique. .- distinction of

having the best, quality hard coking coal

resources oth-er than thebig five globalcoking coalmajors and is

ay rg-

the biggest coking coal producersof Australia in next 4 to 5 yearswhen the company expects toproduce about 6 million tonnesof coking coal per annum. Theproduction from the coking coalmines is expected to double this yearto above 2 mm illion tonne. The com-pany is making huge investments indeveloping the mines, which onestthhe global majors thoug ht workedout , but has ttoday turned out to beone of best coking coal assets of NewSouth Wales in Australia. GujaratNRE is the only Indian companyto own and operate this uni quetreasure trove in Australia.Diamonds are Black and BlackDiamon ds are eluding today ’ssteel makers!!

Coking coal price could get near to $300 per tonne FoBAustralia in the next few yearsyears Who will you be with ——

THE PARTICIPANTS

G lobal Steel over the years has beenattended by the top representatives of allmajor steel producers and producers ofof

steel making raw materials , primary, secondaryand tertiary sector manufacturers, processors Itechnology suppliers , all major steel consumers— — auto and auto ancillary producers ,constru ction, shipping, ttransport andinfrastructure companies, project and financeconsultants, bankers / / fund managers,consultants and research anal ysts to name afew.

Entrepreneurs looking for new ventures ,diversification opportunities and joint ventures,dealers and end users, leading consultants andnoda l agencies are regular participants in GlobalSteel . International delegates and mercha atbankers from Australia , New Zealand,Singapore , Hong Kong, UK,Belgium , USA , Brazil , Ukraine and China havefrequented all the past five editions of the event.

Shortage likely to hitmarket in next few years

I�iIShreeji Shipp ing