Co-integration

Zimin,

Andrea Reed asked for our help in looking for end-users of steel which might
be used to take a commodity hedge position. She will work on identifying
potential equities or indices which might be used, and then we will analyze
them for correlation or co-integration with steel prices. Andrea should be
contacting you next week regarding the project. Hector has done
co-integration analysis in the past and has the tools to do this project.

Thanks,

Stinson

Anrdrea: We will also need you to identify which steel prices/indices
should be used in this analysis.