As already explained to some of you

Sushil Trikha accepted to 

Postpone Hatch Bedow visit till last week of Feb 02.Eric Conner is coordinating
Change the strike date for Duferco 2 of Jan 02 till May 15 02

He was open but could not confirm yet that he can accept that we postpone the Nov 15 and Dec 15 pymt date to Feb 02 as he had to advise his banker.

Lou is preparing the amendments which will be sent today to Duferco.
On Monday morning Duferco will show those amendments to their banker and we should have feedback same day.

I would like to thank everyone who participate in the meeting 

Keep you posted with final confirmation on Monday

Greg 
 -----Original Message-----
From: 	Stoler, Lou  
Sent:	Friday, November 02, 2001 11:08 AM
To:	Barbour, Karen L.; Hagelmann, Bjorn; Rohauer, Tanya; Curry, Ken; Schneider, Chip
Cc:	Hermans, Greg; Castleman, Kent; Van Hooser, Steve; Gorte, David; Buy, Rick
Subject:	RE: EIM steel transactions pipeline update

just a note to the team....the restructuring concept has not yet been presented to Duferco, but will be shortly, and as of  our meeting this morning, Gregg Hermans is tasked with being the single point person from Enron in dealing with Duferco on these issues.  
 -----Original Message-----
From: 	Barbour, Karen L.  
Sent:	Friday, November 02, 2001 11:05 AM
To:	Hagelmann, Bjorn; Rohauer, Tanya; Curry, Ken; Schneider, Chip
Cc:	Stoler, Lou; Hermans, Greg; Castleman, Kent; Van Hooser, Steve; Gorte, David; Buy, Rick
Subject:	EIM steel transactions pipeline update

Attached is the updated status of the steel trades/transactions that have potential LOC/cashflow impact in the next few months.  According to Kent, who had a direct conversation with Bowen late yesterday, all new steel trades/structured transactions not yet agreed to will require Bowen approval prior to being reviewed by RAC.  

In summary, the commitment status for the Kibar and EDZK trades is yet to be determined, upon reviewing the taped conversation between the traders and the counterparties.  Duferco payments for the final 100,000 ton slab purchase and the $40,000 option are up for restructuring next week with the company.

Please let me know if you have any questions/concerns.  Thanks.

 << File: steel pipeline 110201.xls >>