Posts tagged as:

consumption

Papers from 69th OECD Steel Committee Meeting in Paris

December 8, 2010

The OECD Steel Committee held its 69th session last week. They’re bona fide steel nerds from government, industry associations and steel companies. They say that members and observers account for around 60% of world steel production and 76% of world exports of steel – but this looks like old data. Their declared purpose is to [...]

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Repairing steel demand

August 16, 2010

The four worst post-war (WWII) declines in US steel demand occurred in 1958, 1975, 1982 and last year, 2009. In the recent US Steel Q2 conference call, US Steel CEO John Surma wisely reflected, in the context of how much capacity to keep running, that some of the recent steel demand destruction could be permanent. [...]

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2010 and 2011 GDP and steel demand growth

August 11, 2010

The IMF recently updated its forecast for world GDP growth in the latest World Economic Outlook.  The global economy is projected to grow at 4.6% this year and 4.3% next year.  If you look at the historical relationship between world GDP growth and world steel demand growth, the IMF forecast would lead one to expect [...]

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World’s largest steel producers 2009

July 16, 2010

Worldsteel published two potentially useful items recently. First, they published World Steel in Figures 2010 – which actually just covers up to 2009. They also published their list of the largest steel producers in 2009. They publish the list in html and pdf formats. Here’s the link to the announcement. Unfortunately, the PDF file at [...]

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Forecast 2010 record steel consumption leaves developed world behind

April 21, 2010

Along with its global monthly steel production figures, worldsteel also published yesterday its collective wisdom about forecast Apparent Steel Use (ASU) by country through 2011. This is the ‘Short Range Outlook.’ The current forecast (data in the Nerds spreadsheet below) shows about an 11% rise in demand in 2010 to 1.24Bn metric tonnes with a [...]

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China results for November: crude production down 9% and exports up 5%

December 15, 2009

Chinese crude steel production dropped 9% from 51.8 million metric tonnes in October to 47.3 million tonnes in November. This is still 34% higher than November 2008 crude steel production. Finished steel exports rose 5% to 2.85 million tonnes, continuing the climb started in June 2009 when exports were 1.43 million tonnes. November 2009 exports [...]

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China results for September: crude production down 3% and exports up 19%

October 25, 2009

Chinese crude steel production fell 3% from 52.3 million metric tonnes in August to 50.7 million tonnes in September. This is 28% higher than September 2008 crude production. Finished steel exports continued to climb, rising by 19% to 2.47 million tonnes. In comparison, September 2008 finished steel exports were 6.7 million tonnes. Net finished steel [...]

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China results for August: crude production up 3% and exports up 15%

October 1, 2009

Chinese crude steel production rose 3% from 50.7 million metric tonnes in July to 52.3 million tonnes in August. This is 23% higher than August 2008 production. Finished steel exports continued the climb started in June by increasing 15% in August to 2.08 million tonnes. In comparison, last year’s August exports were 7.68 million tonnes. [...]

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