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THE EUROPEAN STEEL SECTOR

THE EUROPEAN STEEL SECTOR. Gordon Moffat Director Eurofer European Confederation of Iron and Steel Industries. Steel Technology Platform - Information Day Brussels, 22nd April 2005. THE EUROPEAN STEEL SECTOR. Steel: A Central Element in the Industrial Fabric of Europe

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THE EUROPEAN STEEL SECTOR

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  1. THE EUROPEAN STEEL SECTOR Gordon Moffat Director Eurofer European Confederation of Iron and Steel Industries Steel Technology Platform - Information Day Brussels, 22nd April 2005

  2. THE EUROPEAN STEEL SECTOR Steel: A Central Element in the Industrial Fabric of Europe Steel: The Global Context Challenges for EU Steel

  3. Crude Steel Production by Region

  4. EU25 CRUDE STEEL PRODUCTION AND APPARENT CONSUMPTION EU STEEL DELIVERIES TO SECTORS

  5. Steel Value-added Chain Raw Materials Trade 1st Processors/ intermediate Finished Product Iron Ore Automotive Coke Steel Production Processors Machinery Scrap Electricity Steel Mills Components Equipment 2004: Cr. Steel Prod. 194 Miot Fin. Steel Deliveries 144 Miot

  6. Total Deliveries Finished Prods. 144Miot Steel: Basic Material for European Industry Steel Industry Turnover 92.5Bln€. Employment 377KTotal Sectors 2792Bln€. Employment 22Mio

  7. THE EUROPEAN STEEL SECTOR Steel: A Central Element in the Industrial Fabric of Europe Steel: The Global Context Challenges for EU Steel

  8. WORLD APPARENT STEELCONSUMPTION World AC 968 Miot in 2004 +9% World AC 1004 Miot in 2005 +4% In the last 10 years AC has increased by more than 50%

  9. APPARENT CONSUMPTION FINISHED STEELCHINA Apparent Consumption 1980 = 33 Miot Apparent Consumption 2004 = 257 Miot Estimated AC 2005 = 284 Miot IISI Estimate AC 2010 = 325-350 Miot

  10. CRUDE STEEL CAPACITY ANDPRODUCTION IN CHINA 1980’s Crude steel production 50 Miot 2004 Crude steel production est. 270 Miot 2005 Crude steel production projected 307 Miot

  11. WORLD CRUDE STEEL CAPACITY AND PRODUCTION 1998 World Crude Steel Production 777 Miot 2004 World Crude Steel Production 1052 Miot 2005 World Crude Steel Production 1104 Miot (est.)

  12. Steel growth will be in developing regions

  13. THE EUROPEAN STEEL SECTOR Steel: A Central Element in the Industrial Fabric of Europe Steel: The Global Context Challenges for EU Steel

  14. Even after recent mergers, the steel industry still has very low global concentration Steel Industry Consolidation Global market share of top 3 producers, 2004 Low concentration has two important implications • First, producers are primarily price takers and cost savers. These are passed on to customers by way of lower prices • Second, it is more difficult for producers to manage output and capacity, and so price volatility tends to be more pronounced than would otherwise be the case. Data: CRU Analysis, Deutsche Bank

  15. Challenges for European Steel Conserve core position in high value-added products Meet growing technical requirements of developing markets

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