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SME September 14, 2004 Washington, DC “THE NEW STEEL…THE NEW STEEL INDUSTRY” Lawrence W. Kavanagh American Iron & Steel Institute. Courtesy of Metal Strategies Inc., Christopher Plummer.
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SME September 14, 2004 Washington, DC “THE NEW STEEL…THE NEW STEEL INDUSTRY” Lawrence W. Kavanagh American Iron & Steel Institute
Iron ore production has not kept pace with steel production in China; imports could reach 240 million tonnes over the next few years Forecast Source: UNCTAD, TEX Report 2002-3,WSD, IISI, Hatch Internal
Coke production has been decreasing in every region of the world except Asia, Africa and the Middle East Source: IISI, RAG Trading, Australian Coal, USGS, EIA, Hatch Internal
China’s role in coke production and consumption is surpassed by its role in trade Source: EIA, CRU, BHPB, Hatch Internal
Hot-Rolled Spot PriceJanuary 1980 to May 2003 Average for Period (January 1980 to May 2003) Source: Purchasing Magazine
METRICS – STEEL CONTENT 1992 Average Vehicle 3135 LBS. Curb Wt. 1998 Average Vehicle 3262 LBS. Curb Wt 2003 Average Vehicle 3358 LBS. Curb Wt. Lbs. Per Vehicle % Steel in Vehicle
ACHIEVEMENTS - CARS ULSAB-AVC • Safe – ( 5-Star Crash Rating) • Affordable – ($10,000 Manufacturing Cost) • Fuel Efficient - (52-68 miles/gallon) • Environmentally Friendly – (2200 lbs./recyclable)
Infrastructure 18% Residential 53% Commercial Buildings29% Total U.S. Spending = $900 Billion Source: DOC