Global steel demand
– By region
– By end-use
– By form
– By product
2008 world finished steel demand ~1195 mt
Level of full year 2009 consumption:
– Will be lower due to the credit crisis
– Will be critically dependent on construction sector – thus infrastructure spending e.g. in China
– Is assessed by MCI at ~1060mt
– This is an average of recent IISI / OECD forecasts
Recovery expected in 2010
MCI tentative 2010 demand forecast is ~ 1175 mt – if China stimulus progresses as planned
Q: How does ArcelorMittal get to 250 mt?
A: Emphasis on demand side not supply side – construction markets especially
Q: How to respond to increasing environmental and emissions costs?
A: Increasing geographic polarisation between melting and rolling of steel [see NLMK presentation]
Q: What will the next technology leap comprise?
A: More ‘near net shape’ casting including technology licensing e.g. of Castrip®
Q: What are the main problems or allegations?
A: Direct and indirect subsidies; capacity expansion during time of stagnant world steel demand; increasing international adoption of trade barriers as a result, to the detriment of the industry worldwide
Can MCI help your firm develop a presence in the international steel sector?
Can we help you raise funds for investment?
Or assist you perhaps with a strategic appraisal of your business?
If so please contact us for a no obligation discussion …
Contact MCI@steelonthenet.com or call +44 775 149 0885