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February 2013
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2010
2011
2012
% Chg
58.2
80.5
86.4
88.6
2.5%
54.8
75.8
83.5
87.2
4.4%
Exports (mt)...
8.5
11.0
12.2
12.5
2.2%
14.7
21.7
25.9
30.4
17.4%
$553
$680
$867
$754
-13.0%
$236
$348
$437
$398
-9.8%
Sources: AISI, World Steel Dynamics, US ITA, *composite of 3 carbon products; #shredded bundles
Table 2: U.S. Spot Prices for Selected Products, February & Year-to-Date, 2013
($ per net ton)
Month of February
2013
2012
% Chg
631
735
-14.1%
727
830
-12.4%
722
934
-22.7%
2013
628
725
729
Year-to-Date
2012
732
830
942
% Chg
-14.2%
-12.7%
-22.7%
$693
$833
-16.8%
$694
$835
-16.9%
OCTG*
1,878
2,014
-6.8%
1,878
2,014
-6.8%
#1 Heavy Melt...
Shredded Scrap...
#1 Busheling.
332
366
370
393
435
470
-15.5%
-15.9%
-21.3%
339
373
378
407
451
487
-16.6%
-17.3%
-22.5%
150
385
140
450
7.1%
-14.4%
150
446
140
494
7.1%
-9.7%
Sources: World Steel Dynamics, Spears Research; SteelontheNet.com; IndexMundi.com; *OCTG and
iron ore data is January, 2013; pig iron data is December, 2012, $/dmtu: US$/dry metric tonne unit
% Chg
European Union.
Other Europe.
13,452
3,015
14,157
3,334
-5.0%
-9.6%
13,452
3,015
14,157
3,334
-5.0%
-9.6%
C.I.S.
8,913
9,503
-6.2%
8,913
9,503
-6.2%
North America
10,139
10,451
-3.0%
10,139
10,451
-3.0%
South America...
3,611
3,731
-3.2%
3,611
3,731
-3.2%
Africa/Middle East.....
2,854
2,929
-2.6%
2,854
2,929
-2.6%
Asia..
82,325
79,174
4.0%
82,325
79,174
4.0%
Oceania......
491
490
0.3%
491
490
0.3%
Total
124,799
123,768
0.8%
124,799
123,768
0.8%
China.......
Japan...
59,339
8,865
56,733
8,630
4.6%
2.7%
59,339
8,865
56,733
8,630
4.6%
2.7%
United States..
7,260
7,707
-5.8%
7,260
7,707
-5.8%
India(e).
6,600
6,357
3.8%
6,600
6,357
3.8%
Russia..
5,751
5,775
-0.4%
5,751
5,775
-0.4%
South Korea.......
5,705
6,049
-5.7%
5,705
6,049
-5.7%
Germany...
3,550
3,367
5.4%
3,550
3,367
5.4%
Turkey..
2,859
3,135
-8.8%
2,859
3,135
-8.8%
Ukraine...
2,748
2,873
-4.4%
2,748
2,873
-4.4%
Country
Brazil
2,620
2,791
-6.1%
2,620
2,791
-6.1%
All Others....
19,502
20,351
-4.2%
19,502
20,351
-4.2%
-2-
-3-
Yr-Yr % Chg
--
2001
850.3
0.3%
2002
904.0
6.3%
2003
969.9
7.3%
2004
1,069.1
10.2%
2005
1,146.7
7.3%
2006
1,251.2
9.1%
2007
1,351.3
8.0%
2008
1,307.3
-3.3%
2009
1,211.5
-7.3%
2010
1,413.6
16.7%
2011
1,490.0
5.3%
2012(e)
1,510.0
1.3%
Oct12
574,922
Sep12
534,016
% Chg
7.7%
YTD12
5,758,658
YTD11
5,574,166
% Chg
3.3%
Mexico
393,691
319,206
23.3%
3,582,069
2,814,065
27.3%
41,153
37,339
10.2%
514,841
459,316
12.1%
543
1,087
-50.0%
6,212
7,324
-15.2%
Turkey
1,293
1,160
11.5%
18,097
29,615
-38.9%
Brazil
13,827
9,125
51.5%
179,914
117,850
52.7%
7,312
4,062
80.0%
104,570
56,457
85.2%
549
430
27.7%
10,862
38,671
-71.9%
-52.2%
EU
Russia
Venezuela
Ecuador
Argentina
284
980
-71.0%
6,109
12,792
Colombia
6,170
7,510
-17.8%
107,572
93,976
14.5%
2,500
340
635.3%
13,201
16,543
-20.2%
Peru
6,172
13,922
-55.7%
165,052
104,885
57.4%
Chile
3,864
3,447
12.1%
22,593
26,452
-14.6%
17,648
28,312
-37.7%
186,243
187,905
-0.9%
7,604
1,088
598.9%
57,522
101,510
-43.3%
Other W. Hemis
10,216
22,178
-53.9%
193,613
236,670
-18.2%
Africa
10,157
11,295
-10.1%
124,228
220,678
-43.7%
Dominican Rep
Panama
Australia
4,320
3,008
43.6%
32,958
30,181
9.2%
China
9,828
11,234
-12.5%
103,753
127,992
-18.9%
Other Asia
44,134
12,709
247.3%
245,678
222,095
10.6%
Others
29,627
35,353
-16.2
343,797
543,839
36.8
1,185,814
1,057,801
12.1%
11,777,542
11,022,982
6.8%
Total
Source: AIIS, 12/17/12
Steel Industry Update (ISSN 1063-4339) published 12 times/year by Locker Associates, Inc. Copyright 2013 by Locker Associates, Inc. All
rights reserved. Reproduction in any form forbidden w/o permission. Locker Associates, Inc., 225 Broadway Suite 2625 New York NY 10007.
-4-
2012e
1,300
525
2011
1,330
488
Reserves
23,000
35,000
Brazil
375
373
29,000
India
245
240
7,000
Russia
100
100
25,000
Ukraine
81
81
76,500
South Africa
61
60
1,000
Other countries
61
59
12,000
United States
53
55
6,900
Canada
40
34
6,300
Iran
28
28
2,500
Kazakhstan
25
25
2,500
Sweden
25
25
3,500
Venezuela
20
17
4,000
Mexico
13
15
700
Mauritania
12
12
1,100
3,000
2,940
170,000
2012e
19,739
11,395
2011
27,560
10,150
% Chg
-28.4%
12.3%
Mexico
5,510
5,945
-7.3%
Saudi Arabia
5,160
5,153
0.1%
Egypt
4,540
2,933
54.8%
Venezuela
4,510
4,470
0.9%
1,693
1,915
-11.6%
Argentina
1,586
1,650
-3.9%
South Africa
1,410
1,400
0.7%
World total
Canada
824
702
17.4%
Peru
95
95
0.0%
Total
56,462
63,474
-11.0%
-5-
Year 2011
858,793
Dec 12
104,838
Dec11
91,973
UAE
979,657
1,220,078
114,615
92,987
Saudi Arabia
677,341
231,053
74,556
30,291
US
597,375
372,518
121,978
146,092
Yemen
487,422
238,422
50,604
53,924
Egypt
455,548
390,945
4,972
70,975
Israel
439,271
406,435
26,472
33,089
Libya
361,646
60,081
64,518
8,250
Lebanon
315,880
222,613
35,165
14,160
Ethiopia
287,511
174,943
11,251
19,871
Country
Iraq
2012
69.2
Share
9.7%
45.3
6.3%
Baosteel Group
42.7
6.0%
36.4
5.1%
Shagang Group
32.3
4.5%
Shougang Group
31.4
4.4%
23.0
3.2%
Magang Group
17.3
2.4%
17.3
2.4%
14.1
329.0
2.0%
45.9%
Other Steelmakers
Total of All Steelmakers
388.0
717.0
54.1%
100.00%
2012
402,584
2011
52,885
Ferroalloy
230,394
132,879
73%
6,071
51,004
-88%
5,512,929
5,111,373
8%
27,678,225
27,372,448
1%
7,852,004
675,682
7,709,654
671,595
2%
1%
42,494,856
41,234,288
3%
Ingots
Semi-finished products
-6-
% Chg
661%
2012
2.88
3.67
2011
2.96
3.77
% Chg
-2.7%
-2.6%
0.04
0.11
-60.8%
Salable slabs
1.04
1.05
-1.4%
Flat products
2.08
2.16
-3.8%
Long products
0.35
0.38
-6.3%
Metalware
0.07
0.08
-15.1%
Total steel
3.58
3.78
-5.2%
2012
10,553,560
4,586,626
2011
11,354,746
3,938,661
% Chg
-7%
16%
10,256,881
10,543,687
-3%
Russian Steel
8,407,000
8,815,059
-5%
North America
1,849,881
1,728,628
7%
15,140,185
15,293,407
-1%
Sales Volume
Coking coal concentrate
Iron ore pellets
2012
7,513,436
10,439,413
2011
7,591,670
10,051,406
% Chg
-1%
4%
4,759,702
4,763,870
0%
14,605,102
14,824,074
-1%
10,295,098
11,027,695
-7%
4,464,137
3,808,552
17%
Q3 '12
2,657.1
Q2 '12
2,801.5
% Chg
-5%
Q3 '11
2,494.80
Operating income
583.6
620.9
-6%
468.6
Net income
437.5
460.2
-5%
365.5
436.4
461.1
-5%
325
0.74
0.78
-5%
0.55
0.37
0.39
-5%
0.28
EBITDA
679
758.6
-10%
603.6
26%
27%
Net sales
-7-
24%
Table 14: Vale Output of Steel Mill Products October 2012 & Year-to-Date
Product
Iron Ore
Q4'12
85,498
Q4'11
82,944
% Chg
3.1%
2012
319,690
2011
322,632
% Chg
-0.9%
Pallets
12,090
12,344
-2.1%
55,067
53,817
2.3%
Manganese
Coal
Nickel
668
757
-11.8%
2,365
2,556
-7.5%
1,951
1,608
21.3%
7,082
3,707
91.0%
64
69
-7.2%
237
242
-2.1%
Copper
81
85
-4.7%
292
302
-3.3%
Potash
161
180
-10.6%
549
625
-12.2%
2,060
1,833
12.4%
7,982
7,359
8.5%
Phosphate Rock
-8-
Over the last 28 years, the firm has directed over 225 projects spanning manufacturing,
transportation, distribution and mining industries. Typical projects involve in-depth analysis of a
firms market, financial and operating performance on behalf of a cooperative labor-management
effort. Locker Associates also produces a widely read monthly newsletter, Steel Industry Update
that circulates throughout the U.S. and Canadian steel industry.
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Metallic Lathers and Reinforcing Ironworkers (2010-Present): strategic industry research and
ongoing advisement on major industry trends and companies to help enhance the competitive
position of the unionized NYC construction industry
Building & Construction Trades Council of Greater NY (BCTC) (2011-present): analysis and
advisement regarding major trends in the New York City construction industry, including capital
market developments which affect BCTC members
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-9-