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MICHAEL SETTERDAHL – MANAGING DIRECTOR

MICHAEL SETTERDAHL – MANAGING DIRECTOR. Estimated Steel Flow. 1950 - 1965. Estimated Steel Flow. 1965 - 1990. Million Metric Tons Crude Steel EU-27. 1990 - 2005. Production: 1992: 175 2000: 195 2005: 195. Source: ISSB. Million Metric Tons Crude Steel EU-27. 2005 - 2012.

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MICHAEL SETTERDAHL – MANAGING DIRECTOR

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  1. MICHAEL SETTERDAHL – MANAGING DIRECTOR

  2. Estimated Steel Flow 1950 - 1965

  3. Estimated Steel Flow 1965 - 1990

  4. Million Metric Tons Crude Steel EU-27 1990 - 2005 Production: 1992: 175 2000: 195 2005: 195 Source: ISSB

  5. Million Metric Tons Crude Steel EU-27 2005 - 2012 Production: 2005: 195 2007: 210 2009: 137 2011: 180 2012: 170 Source: ISSB

  6. Over capacity in EU region (60Million MT)? • Protectionism! Keeping other regions’ over capacity out? • Capacity cuts? Or are we waiting for better times? • Flat products • Long products • Solutions? Consolidation, Capacity removal (efficient capacity VS. inefficient)?

  7. Steel Flows 2011 4.7 5.1 2.0 4.7 6.4 6.5 1.7 4.8 3.0 Source: SBB / Platts

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