Our analysis of 2012 finished steel demand is that total world demand of 1413 million metric tonnes comprised consumption of ~644 mt flat products, ~660 mt long products and ~109 mt of tube. With respect to end use, some 39% of demand was accounted for by construction, with mechanical engineering and metal goods the two other dominant steel-consuming sectors [see chart].
For further analysis and information, visit our website’s steel consumption page.
In order to offer site visitors a better user experience, we have just relaunched the Steelonthenet.com website in a so-called ‘responsive’ web design. The new design allows the website to be viewed on smart phones, tablets, laptops, PCs and TVs on screen sizes ranging from 240 pixels to well over 1920 pixels in width, with slightly different content delivered to users with different digital devices.
Why not visit http://www.steelonthenet.com on your preferred device, and watch the page width adapt to the screen size of your device?
We hope this redesign will make our website a little more user friendly – especially for site visitors with mobile phones and tablet devices.
We came across a novel method for valuing steel companies this week. According to Steel Guru, steel plants such as Corus Ijmuiden may be valued at $500 – $600 per tonne of capacity. Thus, the Corus Ijmuiden plant in the Netherlands – which has some 7.4 million tonnes of crude steel capacity – is valued at ~$4 billion. These valuations assume debt-free sale of the businesses.
For full article visit SteelGuru.
According to a MEPS report published today, global stainless steel output hit a new high in 2012. Worldwide crude stainless steel production in 2012 is estimated to have reached 34.6 million metric tonnes. This is ~2.6 percent higher than global stainless steel production in 2011.
For full MEPS report, visit http://www.meps.co.uk/editorial113.htm
Steel consultants MCI have prepared a map showing the locations of ~175 steel industry investments that are expected over the period 2012-2016. See chart below.
The map illustrates several points.
For further information about historic and future steel industry investments, contact Metals Consulting International or see steel capex database.
See here for original copy of the steel capex geography chart shown above.
In the week that saw the departure of three senior executives [all board members] from ThyssenKrupp, the question must arise – was the expansion plan in the Americas not subjected to some sort of feasibility study?
MCI steel consultants typically undertake market and related techno-economic appraisals for large steel industry investments. We double check current and future steel prices and other critical assumptions, including steelmaking raw material costs, current and future competition etc.
So the question arises – was ThyssenKrupp’s North American investment not subject to the normal due diligence type of investigation and if not, why not? Otherwise, perhaps there are also some consultants who should take some blame in addition to the executives from ThyssenKrupp?
For further reading, see Bloomberg news report.
Meet some of our expert steel consultants. At present, we have 16 professionals on the MCI consulting team. Our advisers can support clients with steel industry expert witness work, as well as with technical, market or financial advice relating to steel sector projects.
For further information, contact MCI@steelonthenet.com
