EU Ferrous & Non-Ferrous Metals Industry

Transcription

1 Ferrous & Non-Ferrous Metals Industry ROPEAN COMMISSION DIRECTORATE GENERAL ENTERPRISE DIRECTORATE G Unit G/3 : Steel, non-ferrous-metals, minerals & mineral products Statistical Information Economic indicators January 27 Basic information This information, which for the first time brings together data on the steel and non-ferrous metals (aluminium, copper, lead, nickel and zinc) sectors in a single document, provides a general overview of developments in the main competitiveness factors in the different branches of the metals industry between 1982 and 25. To ensure consistency and assist any analysis of trends, the data contained in this document have been aggregated to -25 level to take account of enlargements. Disclaimer The information contained in this paper has no official character, and therefore does not commit the Commission in any way whatsoever. It is intended only to give a short overview of major statistics collected from - Eurostat - World bureau of metals statistics - European aluminium association - Eurofer - International iron and steel institute

2 ALUMINIUM Community production of refined aluminium showed an overall increase of 26% between 1992 and 25, but exceeded the 1982 level by barely 12%. By contrast, the increase in refined aluminium production at world level has continued apace over the years, and its level in 25 was two and a half times that of 1982 and 69% up on 1992 World Refined Aluminium Production Unit 1 t Rest of the World After an overall increase of 18% between 1982 and 1992, refined aluminium consumption expanded even more to reach a level in 25 that was 69% up on The gap between domestic s upply and the demand for refined aluminium in the therefore increased, especially during the last few years, until it was three times wider than in World consumption of refined aluminium also rose sharply during the same period, owing to the prodi gious developments in Asian countries, especially, resulting in an increase of 12%. World Refined Aluminium Consumption Unit 1/t Rest of the World

3 ALUMINIUM, responsible for 24% of the world s refined aluminium producti on in 25, consolidated its undisputed position as the leading producer, whereas in 1982 it did not even account for 5%. The, by contrast, the world s second-placed producer behind the in 1982, saw its share drop by 1 percentage points, leaving it in third place in the world in 25, behind Russia. Breakdown of World Refined Production in 1982 Breakdow n of World Refined Production in 25 28% 23% 39% 24% Norway 5% Canada 8% USSR 17% 19% 8% Canada 9% 9% Russia 11% also confirmed its position as world leader in the consumption of refined aluminium, accounting for 23% in 25. It was follo wed by the, down from a share of 27% in 1982 to 21% last year, with the in third place, having lost 5 percentage points between 1982 and 25. Breakdown of World Refined Consumption in 1982 Breakdown of World Refined Consumption in 25 19% 25% 26% 21% 4% 12% USSR 13% 27% Russia 3% 7% 2% 23% 3

4 ALUMINIUM The most marked deve lopment in refined aluminium consumption in the since 2, in relation to domestic production (especially in Germany, Italy and Spain), was a sharp rise in imports, on which the Community market is widely and increasingly dependent. - Refined Production - Refined Consumption t t France Germany Greece Italy Netherlands Spain Sweden United Kingdom Slovakia Belgium Germany Italy Spain United Kingdom Poland France Greece Netherlands Sweden Hungary Austria Aluminium has many applications in various industries in the. The main users remain transport, building, packaging and engineering. Around 4 Community undertakings employing some 2 workers are involved in aluminium rolling, extrusion and casting. Main Uses for Aluminium in Europe (Rolled, Extruded, Castings) Engineering 15% 8% Building 26% Packaging 18% Transport 33% Source: EAA 4

5 ALUMINIUM During the period 2 25, total aluminium scrap imports into the fell by half, from 6 to 3 tonnes, mainly as a result of the sharp drop in supplies from Russia, from 238 to 14 tonnes Im ports of Alum inium Scrap 1 t A sia A frica N &S A merica R ussia Source: Eurostat. By contrast, between 2 and 25, aluminium scrap exports from the rose by 7% to 73 tonnes, as a result of the doubling of Community exports to during this period. In 25, 93% of total aluminium scrap exports went to the Asian markets. 8 - Exports of Alum inium Scrap 1 t Other A sia N &S A merica C hina Source: Eurostat 5

6 ALUMINIUM Imports of unwrought aluminium into the Community rose gradually after 2 to reach 4.2 million tonnes in 25, 31% more than in 2. Norway and Russia between them accounted for nearly 55% of total unwrought aluminium imports into the in 25. Community exports of this raw material, although more limited in volume compared with imports, also increased, less sharply, to a level of 228 tonnes in 25, an overa ll increase of 21% compared with 2. However, the trade deficit in unwrought aluminium continued to grow rapidly during this period. Imports of Unw rought Aluminium Exports of Unw rought Alum inium t Norway Russia Brazil Canada Iceland Mozambique 1 t Switzerland Norway Turkey Source: Eurostat. Following the cyclical trends in the 199s, the London Metal Exchange (LME ) reference prices for aluminium continued to climb steadily from 22, reaching USD per tonne at the end of 25. The relatively low level of stocks following the rise in demand helped to maintain prices towards the end of the period. LME - World Prices & Stocks 1 t $ / t Stocks Prices 6

7 COPPER Community refined copper production in 25 was 26% up on 1982, although around 9% of this growth came after At world level, by contrast, refined copper production in 25 was 51% higher than in 1982, as a result of new capacities mainly in, India and Thailand. World Refined Copper Production Unit 1/t Rest of the World The overall rise in refined copper consumption between 1992 and 25, of the order of 35%, was much higher than the rise in domestic production, resulting in a substantial worsening of the supply deficit on the Community market. World consumption doubled during this period, owing to the huge demand in, where refined copper consumption reached a level close to that of the in 25. World Refined Copper Consumption Unit 1/t Rest of the World Source: World Bureau of Metal Statistics 7

8 COPPER The breakdown of world refined copper production by country and region changed noticeably between 1982 and 25. Chile became the world s leadin g producer in 25, accounting for 17%, followed by (whose share rose by 91% during that period) and the (whose share was down by 6 percentage points). Breakdown of World Refined Production in 1982 Breakdown of World Refined Production in 25 22% 18% 31% Chile 17% Zambia 6% 2% 14% Chile 9% 11% USSR 14% Russia 6% 8% 8% 16% As a result of a 12% rise in its refined copper consumption between 1982 and 25, has virtually caught up with the, sharing first position in the world with it in 25 (22% of world consumption each). The, whose consumption rose by around 72% during the same peri od, saw its share in world consumption fall back to 14%. Breakdown of World Refined Consumption in 1982 Breakdown of World Refined Consumption in 25 21% 32% 29% 22% 14% USSR 15% 18% S. Korea 6% 7% 14% 22% 8

9 COPPER After alternating trends, refined copper production stood at 2.3 million tonnes in 25, a fall of around 1% compared with 2. Germany, the Community s leading producer, recorded a 1% decline in its production during that period, whereas Poland, the second -placed producer in the, registered an increase of 15%. The main countries with refined copper deficits are still Germany, Italy and France, which occupy the first three positions and together account for 6% of total consumption. - Refined Production - Refined Consumption 1 t Belgium Finland Germany Spain Sweden Poland Belgium France Germany Italy Spain United Kingdom Poland Copper semis, cables and castings have a wide range of us es, mainly in the manufacture of electrical cables (48% of total consumption), building construction and engineering. copper production (NACE 27.44), which employed 2.2 million workers in 22, generated value added of 1 billion and export revenue of 2.1 billion. Main Uses for Copper in cables + semis + castings Electrical equipment 8% Other 2% Transport 3% Engineering 12% Building Construction 27% Electrical Cables 48% Source: ICSG. 9

10 COPPER Copper scrap imports into the Community market fell by 3% in 25 compared with 2, mainly as a result of the export restrictions in force in Russia and Ukraine, whose supplies to the Community market fell by 9% bet ween 2 and Im ports of Copper Scrap Source: Eurostat. N & S A merica A frica A sia C IS During the period 2 25, Community copper scrap exports to rose by 13% and those to other Asian countries by 45%, with the result that these markets together represented 93% of total exports in 25. The substantial internal imbalance between exports and imports of copper scrap could eventually jeopardise supplies to user industries. - Exports of Copper Scrap Source: Eurostat. N & S A m erica Other A sia C hina 1

11 COPPER The volume of refined copper imported by the fell to 1.6 million tonnes between 2 and 25, an ov erall drop of 25%. Chile remained the leading supplier of the Community market, with Russia in second place, and together these two countries accounted for 82% of total imports of refined copper. Community exports of refined copper were relatively small in terms of volume, but still rose by 8% during the same period. Imports of Refined Copper Exports of Refined Copper t 6 1 t Chile Russia Peru Kasakhstan Canada Zambia South Africa Turkey Switzerland Ukraine After a period of decline which started in 1995, copper prices began to climb again towards the end of 22, rose sharply in 24, and reached a peak of USD in 25. A substantial reduction in copper stocks was at the root of this trend, which looks likely to continue or even speed up in the future.. LME World Prices & Stocks t $ / t Stocks P rices 11

12 LEAD In 25 world refine d lead production was around 7.5 million tonnes, or 32% more than in The main factor was a large increase in, whereas Community production fell by 8.8% during the same period to approximately 1.5 million tonnes. World Refined Lead Production Unit 1/t Rest of the World Driven by remarkable growth in, world refined lead consumption in 25 was 45% higher than in 1982, although the rise in the was only around 8% as a result of increased recycling and improved quality o f lead batteries. World Refined Lead Consum ption Unit 1/t Rest of the World Source: World bureau of Metal Statistics. 12

13 LEAD Despite the decline in refined lead production following various plant closures in France, Italy and the United Kingdom, the remained in second place i n the world in 25, well behind, which produced 2.4 million tonnes. Breakdown of World Refined Production in 1982 Breakdown of World Refined Production in 25 35% 28% 29% 19% Mexico 5% USSR 14% 18% 4% 16% 32% As a result of the substantial growth of its domestic needs in recent years, became the world s leadin g consumer of refined lead in 25, overtaking the and, whose relative shares fell by 8 and 2 percentage points respectively. In 25, the shortfall in Community refined lead production compared with domestic consumption amounted to 4 tonnes. Breakdown of World Refined Consumption in 1982 Breakdown of World Refined Consumption in 25 25% 32% 26% 24% 7% USSR 15% 21% S. Korea 5% 26% 19% 13

14 LEAD With the exception of Poland and Spain, whose production of refined lead rose by 26% and 4% respectively, all the other countries saw production fall by a greater or lesser amount, resulting in a 15% drop in overall Community production in 25 compared with A number of plant closures explain the negative trends in some Member States. refined lead consumption, by contrast, remained steady during the period concerned, thanks to rises of 28% in Poland and Spain, with continuing downward trends in all other countries. - Refined Production - Refined Consumption 1 t t Belgium France Germany Italy Spain United Kingdom Poland Austria Czech Rep. France Germany Italy Spain United Kingdom Poland Battery manufacture is the main use of refined lead in the. As a result of the value of lead scrap and the large amount of it which is collected, around 9% of lead batteries on the Community market, and the lead acid they contain, is recycled. Main Uses for Lead in France, Germany, Italy & the United Kingdom Batteries 58% Cable Sheathing 2% M iscellaneous 5% Gasoline Additives 2% * Lead Components 12% Alloys 3% Shot / Ammunition 4% Rolled & Extruded. Prod 14% Source: ILZSG. 14

15 LEAD After the peak of 21, lead scrap imports into the Community market regi stered a net decline of 5% in 24. However, there was a sharp upturn in 25, particularly in imports from Africa and Asia. - Im ports of Lead Scrap tonnes A sia A frica C IS N & S A merica Other Euro pe Source: Eurostat. Community exports of lead scrap increased significantly in 23 and 24 following a very substantial rise in deliveries to, India and the other Asian countries. However, in 25 exports fell by more than 7%, mainly as a result of an end to deliveries to the Chinese market. - Exports of Lead Scrap tonn Source: Eurostat. N & S Am erica India Other Asia 15

16 LEAD After rising steadily until 24, refined lead imports into the in 25 fell back to the level of 2, mainly because of the curbing of supplies from. Community exports of refined lead, already negligible, fell by half between 2 and 25. Imports of Refined Lead, Unwrought Exports of Refined Lead, Unwrought t 8 1 t Morocco Bulgaria Kasakhstan Russia Peru Switzerland Turkey India Norway Source: Eurostat. The LME price of lead fell steadily over the long term, between 1996 and 22. However, the decline in world stocks caused prices to rise from 23, and this positive trend rapidly became more pronounced until a price of US 976 per tonne was reached at the end of 25, owing to a further reduction in available reserves. LME World Prices & Stocks t 3 6 $ / t Stocks Prices 16

17 NICKEL As a result of a general increase in demand in the various geographical regions, world refined nickel production doubled between 1982 and 25 to a level of 1.3 million tonnes. Production growth in the was even more substantial owing to a marked increase in internal demand. World Refined Nickel Production Unit 1/t Rest of the World Refined nickel consumption, by contrast, progressed on the same scale in the and throughout the world during the period concerned, owing to a rise in demand for stainless steel. This led to an increase in the global production deficit compared with consumption, wh ich inevitably meant a steady decline in world stocks of this raw material. World Refined Nickel Consumption Unit 1/t Rest of the World

18 NICKEL The stepped up its share of world nickel production by 2 percentage points in 25, putti ng it behind the four major world producers which, despite increases in their respective production levels, saw their shares in world production decline, with the exception of Australia. Despite losing 8 percentage points in 25 compared with 1982, Russia nevertheless remained in first place. Breakdown of World Refined Production in 1982 Breakdown of World Refined Production in 25 25% USSR 29% 31% Russia 21% 6% 13% 7% Australia 7% Canada 12% 14% Norway 7% 8% Canada 11% Australia 9% Although Community production of refined nickel rose substantially between 1982 and 25, domestic consumption doubled during the same period an d remained much higher, which means that imports are still needed. During this period the consolidated its position as the world s leading refined nickel consumer, followed at some distance by, the and. Breakdown of World Refined Consumption in 1982 Breakdown of World Refined Consumption in 25 16% 12% 32% 12% 17% 37% 19% USSR 21% 11% S. Korea 9% 14% 18

19 NICKEL The Community s production facilities, located mainly in Finland, France, Greece and the United Kingdom, have not always managed to cover the sharply rising domestic demand for refined nickel, to which some M ember States contribute without themselves contributing to production. Germany and Italy remained the s principal consumers between 2 and 25, representing between them some 41% of refined nickel consumption. - Refined Production - Refined Consumption 1 t Finland France Greece United Kingdom Belgium Finland France Germany Italy Spain Sweden United Kingdom Refined nickel (together with chromium) is used mainly in the production of stainless steels, which, together with other nickel-based alloys, are used for a wide range of applications by certain final users, who are thus very dependent on nickel. They include manufacturers of jet engines, gas turbines, chemical industry equipment and others. Main Uses for Nickel in the World Non-ferrous Alloys 12% Chemicals and others 5% Electroplating 8% Other : Steel Alloys and castings 1% Stainless steel 65% Source: INSG. 19

20 NICKEL Whereas total imports of nickel scrap fell by 34% between 2 and 25, the quantities imported from Russia more than doubled, making that country the main supply source for the Community market, with a share of 37%. - Im ports of Nickel Scrap ton A frica R ussia Other Euro pe N & S A merica A sia Source: Eurostat. After sharp falls in 21 and 22, Community exports of nickel scrap started to climb again and by 25 were 27% up overall compared w ith 2. The markets of North America remained the principal external outlets, taking 67% of Community exports of this rare and costly raw material in Exports of Nickel Scrap ton Source Eurostat. N & S A merica A sia R ussia 2

21 NICKEL Having fallen steadily since 2, imports of refined nickel had been cu t by half by 25. Russia (the Community s main external supplier), Australia, Canada and Norway remained as almost the only external sources of supply for the Community market. Community exports of refined nickel, although still at a relatively low level, nevertheless were 56% up in 25 compared with 2, mainly as a result of supplies to the Canadian market. Imports of Unwrought Nickel Exports of Unwrought Nickel t t Russia Australia Canada Norway South Africa Zimbabwe Taiwan Canada Brazil From 21, and following a period of cyclical trends, nickel prices began to rise, reaching an average selling price on the internal market of USD per tonne in 25, even though stocks had remained almost unchanged since 2. LME World Prices & Stocks t $ / t Stocks Prices 21

22 ZINC As a result of a steady rise, world refined zinc production increased by 7% between 1982 and 25. The main factor was a very large increase in production in, where there was a huge increase in internal demand for galvanised steels. In the, by contrast, production rose more slowly, by just less than 17% during the same period, entirely as a result of the quantities produced in Spain and Finland. World Slab Production Unit 1/t Rest of the World World consumption of refined zinc also rose by more than 7% between 1982 and 25, mainly because of the demand for galvanised sheet throughout the world and especially in. Although consumption rose more slowly than world consumption during the period concerned, it was still around 1% higher than domestic production in 25. World Slab Consumption 1/t Rest of the World

23 ZINC consolidated its position at the head of the world s leading producers of refined zinc in 25, well ahead of the, whose share of world production fell by 8 percentage points. Breakdow n of World Slab Production in 1982 Breakdown of World Slab Production in 25 28% 29% 27% 29% 5% Canada 9% 11% USSR 18% Australia 5% S. Korea 6% 6% Canada 7% 2% As a result of a very rapid rise in its zinc requirements for the production of galvanised steels, joined the at the top of the world consumption table i n 25. The commissioning of a large number of new galvanisation lines in and other Asian countries caused the relative shares of zinc consumption of the, and to fall, even though their internal consumption rose substantially between and 25. Breakdown of World Slab Consumption in 1982 Breakdown of World Slab Consumption in 25 39% 29% 29% 25% 14% USSR 18% S. Korea 4% 6% 11% 25% 23

24 ZINC Community zinc production remained steady from 2, then fell by around 7% in 25. The sharp reductions recorded in France, Italy and Poland (often due to the cl osure of production facilities) were partly offset by significant increases in Spain and Finland. The domestic zinc production deficit compared with internal consumption has become stable in recent years, at around 2 tonnes. - Slab Production - Slab Consumption Poland Netherlands Spain 2 Poland United Kingdom Spain 1 t 15 Italy 1 t 15 N etherlands Italy 1 Germany 1 Germany France 5 5 France Finland Belgium Belgium Galvanisation, which protects steel against corrosion, is by far the biggest use of zinc in the. However, zinc is also used in alloys for various industrial and household applications, as well as for nut ritional purposes. Main uses of Zinc Chemicals 9% -Zinc Semi Manufactures Miscellaneous 3% 8% Galvanizing 47% Brass & Bronze 19% Zinc Alloying 14% Source: ILZSG. 24

25 ZINC imports of zinc scrap, having fallen gradually between 2 and 24, rose again slightly in 25 but remained 3% down on 2. Imports from Russia had a big influence here, having fallen by 9% over the period to leav e them at only 2% of total internal market imports in 25, compared with 2% in 2.. Eu - Imports of Zinc Scrap 1 tonnes Source: Eurostat. Russia Africa Asia N & S Am ericaafrica Large quantities of zinc scrap were exported outside the from 2. Almost all of these Community exports went to the Asian markets, which were faced with a surge in demand, mainly for the manufacture of galvanised steel products for the vehicle and construction industries - Exports of Zinc Scrap tonnes Source: Eurostat. N & S Am erica Asia 25

26 ZINC In view of the sustained balance between refined zinc production and consumption, the s international trade i n this raw material has been quite modest. Despite a global reduction of 25% in total imports into the internal market between 2 and 25, Norway continued to be the main supplier, accounting for 34%. Community exports in 25, although negligible, were 15% up on 2. Imports of Unwrought Zinc Exports of Unwrought Zinc t Norway Kasakhstan Russia FYROM Australia After fluctuating between 1995 and 22, LME zinc prices began to climb, increasingly quickly as time went on, and reached USD 1 4 per tonne in 25. This created a number of difficulties for the user industries. LME World Prices & Stocks t $ / t Stocks Prices 26

27 STEEL steel production developed much more slowly than world production, rising by an average of around.5% per year between 1982 and 25, whereas annual average g rowth in world steel production was around 3.5%. However, the rising trend in Community and world steel production accelerated somewhat from 1992, leading to average increases each year up to 25 of 1% and 6% respectively., which became the leading producer in 22, has had a major influence on world steel production trends ever since. World Crude Steel Production Unit M/t Rest of the World Source: IISI. Community steel consumption grew more rapidly than domestic production between 1992 and 25, increasing by 25% compared with an overall rise in production of only 11% during the same period. At world level, by contrast, steel consumption rose by 7%, with accounting for the bulk of this in recent years. World Crude Steel Consumption Unit M/t Rest of the World Source: IISI. 27

28 STEEL The massive rise in steel production in since 2 brought its share of world steel production in 25 to 31%, followed at some distance by the, and the, which lost 9, 5 and 3 percentage points respectively compared with Breakdown of Crude Steel Production (volume) in 1982 Breakdown of Crude Steel Production (volume) in 25 2% 25% 24% 31% 6% S. Korea 4% 11% 15% USSR 23% Russia 6% 8% 1% 16% Source: IISI. s exceptional economic development in recent years has made it the leading steel consumer, accounting for 32% of global consumption in 25. The, having lost 6 percentage points since 1982, remained in second place, followed in third place by the, which lost 3 percentage points during the same period. Breakdown of World Crude Steel Consumption (volume) in 1982 Breakdown of World Crude Steel Consumption in 25 25% USSR 23% 25% 25 16% 1% 6% 11% 13% 25 22% India 4% S. Korea 5% 32% 8% Source: IISI. 28

29 STEEL The downward trend in Community steel production from 2 was interrupted in 24, when it grew by 5% as a result of an upturn in the economy. However, in 25 it fell back to the 1982 level as a result of losses in Germany, France and Poland in particular. steel consumption followed a similar pattern to domestic production during the same period, such that an inc rease of around 5% in 24 was largely offset in 25, taking consumption back down below the 2 level. - Crude Steel Production - Crude Steel Consumption t Source: IISI. Germany Italy France Spain United Kingdo m Belgium Poland Czech R. Austria Germany Spain United Kingdom Czech R. Netherland Italy France P oland Belgium There are a huge number of applications for steel products throughout a whole series of industries, both b efore and after various processing operations in intermediate sectors. Construction in any event remains the leading steel user in the, followed by the automotive industry and mechanical engineering. - Main Uses of Steel in 25 Metalware 13% Miscellaneous 5% Construction 24% Tubes 13% Shipyards 1% Structural Steelwork 9% Domestic Appliances 4% Automotive 18% Mechanical Eugineering 13% Source: Eurofer. 29

30 STEEL Imports of steel products into the Community market increased by 18% over the last three years, accounting for 15% of steel consumption in 25. During this period Russia consolidated its position as the leading source of imports, followed by Ukraine. Turkey, despite a 25% decline in its supplies to the Community market, remained the third source of steel supplies in 25. Steel Imports t Switzerland Norway Turkey Ukraine Russia Brazil India S.Africa Mexico Source: Eurostat. exports of steel products increased by 11% between 23 and 25. The US market, by far the main international destination of Community steel, took more than 5 million tonnes in each of the last two years, and Turkey w as the second leading outlet, with around 2.5 million tonnes per year. Steel Exports t Switzerland Norway Turkey Iran Canada Mexico India Saudi Arabia Morocco Source: Eurostat. 3

31 STEEL imports of scrap in 25 were 35% higher than in 23, and Russia, despite its export restrictions, more than doubled its supplies to the Community market during the same period and remained the p rincipal source of supply. - Imports of Scrap t Switzerland Romania Bulgaria Russia Croatia Norway Morocco Ukraine Source: Eurostat. Community exports of scrap, which still exceeded imports, remained steady between 23 and 25, at 9.5 million tonnes. Turkey took a third of the quantity each year, remaining the s main outlet for scrap, while India replaced the as the second external outlet following the tripling of Community exports to the Indian market. - Exports of Srap Egypt Pakistan India Indonisia Malaysia South Korea Taiwan Switzerland Turkey Norway Source: Eurostat. 31

32 STEEL The prices of all steel products recovered remarkably from the middle of 23, and the generalised upward trajectory was subject only to minor short -term fluctuations over the last few years. One special phenomenon was the positive trend in the prices of heavy plate, which spiralled as from 23. The positive trend in steel prices, influenced by strong demand, was in any event largely driven by the increase in the costs of raw materials and energy. However, the steel companies operating margins also improved in spite of everything. World price Index - Flat products $US - Ist Q. 21= st Q. 21 2nd Q.21 3rd Q. 21 4th Q. 21 1st Q. 22 2nd Q.22 3rd Q. 22 4th Q. 22 1st Q. 23 2nd Q.23 3rd Q. 23 4th Q. 23 1st Q. 24 2nd Q.24 3rd Q. 24 4th Q. 24 1st Q. 25 2nd Q.25 3rd Q.25 4th Q. 25 1st Q. 26 2nd Q.26 3rd Q. 26 4th Q. 26 Hot Rolled Coils Hot Rolled Plate Cold Rolled Coils HD Galv, Coils Source: MEPS. 3 World price index -Long products $US - Ist Q. 21 = st Q. 21 2nd 3rd Q. Q th Q. 21 1st Q. 22 2nd Q.22 3rd Q. 22 4th Q. 22 1st Q. 23 2nd Q.23 3rd Q. 23 4th Q. 23 1st Q. 24 2nd Q.24 3rd Q. 24 4th Q. 24 1st Q. 25 2nd Q.25 3rd Q.25 4th Q. 25 1st Q. 26 2nd Q.26 3rd Q. 26 4th Q. 26 Wire Rod M edium Sections & Beams Rebar M erchant Bar Source: MEPS. 32