China Trends and forecasts Iron ore International dry bulk trade. Dry Bulk Shipping Steel products. Coking coal. Iron ore resources
|
|
- Morgan Lamb
- 6 years ago
- Views:
Transcription
1 Market Outlook Dry Bulk Commodities Dry Bulk Shipping Steel products Coking coal Crude steel production Global economic growth Outlook dry bulk China Trends and forecasts Iron ore International dry bulk trade Iron ore resources Economic indicators Casper Burgering Senior Sector Economist ABN AMRO Group Economics Sector Research 23 rd February 21, Greek Shipping Forum, Athens
2 Disclaimer and further information This material is provided to you for information purposes only. Before investing in any product of ABN AMRO Bank NV, you should inform yourself about various consequences that you may encounter under the laws of your country. ABN AMRO Bank NV has taken all reasonable care to ensure that the information contained in this document is correct but does not accept liability for any misprints. ABN AMRO Bank NV reserves the right to make amendments to this material. This material which is subject to change without notice is provided for informational purposes and should not be construed as a solicitation or offer to buy or sell any securities or related financial instruments. While ABN AMRO makes reasonable efforts to obtain information from sources, which it believes to be reliable, ABN AMRO makes no representation or warranty of any kind, either express or implied as to the accuracy, reliability, up-to-dateness or completeness of the information contained herein. Nothing herein constitutes an investment, legal, tax or other advice nor is it to be relied on in any investment or decision. Certain services and products are subject to legal restrictions and therefore may not be available for residents of certain countries. You should obtain relevant and specific professional advice before making any investment decision. The past performance is not necessarily a guide to the future result of an investment. The value of investments may go up or down due to various factors including but not limited to changes in rates of foreign exchange and investors may not get back the amount invested. ABN AMRO disclaims any responsibility and liability whatsoever in this respect. ABN AMRO Group Economics on the internet a / a /se cat es/eco o sc _bureau.html 2 Source: ABN AMRO
3 Global crude steel production Crude steel production decreased -8.2% in 29 y.o.y. On average, crude steel production has grown 4.5%/y (period 19-29) : +5.3% /y : +4.2% /y : +3.3% /y : +5.% /y : Golf War Beginning of Modern Steel Industry: 185 Early 198s recession Asian Financial crisis 1997 Mt Mt World War I Great Depression 1929 World War II Oil crisis 1973 Oil crisis 1979 Cold War Era ( ) 1989: fall Berlin wall 199: Golf War 1 21: IOC announcement Sources: IISI, ABN AMRO
4 Ferrous industry value chain Nearly all steel industry related materials are relevant for the shipping industry by road, rail & water by road, rail & water by road, rail & water Transport Transport Transport Raw materials Crude steel industry Finished steel End customers coking coal flat steel pipes automotive iron ore long steel tubes construction scrap HRC/CRC wire rod engineering 5% Semi finished products Metal traders and steel service centers billets bloom slabs 4 Source: ABN AMRO
5 Worldwide dry bulk trade 5% of total dry bulk trade is ferrous industry related (coal, steel, iron ore, scrap) 21% of total dry bulk trade is agri business related (grains, sugar, forest products) Steel Scrap products 8% 3% Pig iron 1% Coke 1% Iron ore 3% Other products 17% Phosphate 1% Bauxite 2% Grains 1% Therm al coal 2% Coking coal 7% Source: Clarkson Research Services 5
6 Dry bulk trade 2-21 Growth in all dry bulk commodities, especially in steel raw materials 24 Growth 2-29: iron ore: +12.5% 2. steam coal: +71.3% 2 3. coking coal: +2.1% 4. grains: +18.3% bauxite: +3.6% Iron ore Steam coal index (2 21=1) Coking coal Minor bulks Bauxite and phosphate Grains e Source: Clarkson Research Services 6
7 Iron ore major players Production China very high, but Fe content extremely poor Fe content 56% Major importers: 1) China 2) Japan 2 3) S. Korea + Germany Major exporters: 1) Brazil 2) Australia Fe content 65% 3) India 3) Japan 1 Major consumers: 1) China 2) Russia 3 Fe content 33% Sources: USGS, ABARE, AME 7
8 Baltic dry and iron ore price Higher iron ore demand from China and increasing BDI CORRELATION = USD /16/25 12/15/26 12/14/27 12/12/28 12/11/29 USD/M Mt BALTIC Dry Iron Ore Spot price (China) Source: Thomson Financial Datastream 8
9 International iron ore trade China iron ore imports keep rising, at the cost of domestic production Mt China iron ore imports Australia iron ore exports Brazil iron ore exports 9 Source: Clarkson Research Services
10 Coking coal major players China has abundant resources of coking coal, but also many mine accidents 3 1 Major importers: 1) Japan 2) South Korea 3) India Major exporters: Major consumers: 1) Australia 1) China 2) Indonesia 2) Japan 3) United States 3) India + Russia 2 1 Sources: USGS, ABARE, AME, IEA
11 International coal trade China domestic coal of poor quality, difficult to mine and many small companies Importvolumes China: : 2.8 Mt : 16.4 Mt - equals: % Coal exports-usa Coal exports-australia China importvolume 11 Source: Clarkson Research Services
12 International steel trade Extra-regional: China was biggest exporter of steel in 26, 27 and 28; in 29 Chinese steel exports dropped strongly (position 6) Chinese steel production EU-12 steel production World steel production World steel exporters Jan-Sep (29 in Mt) index (2 =1) Steel Trade Weighted Index 29 %-change %-change Japan % 1. China % 2. EU % 2. EU % 3. Russia % 3. S. Korea % 4. Ukraine % 4. USA % 5. S. Korea % 5. Turkey % World steel importers Jan-Sep (29 in Mt) Sources: IISI, ISSB, Clarkson Research Services
13 So, the question is What about China? 13
14 China s economic indicators y.o.y. %-change CHINA: GDP CHINA: IMPORT & EXPORT y.o.y. %-change Export Import 8.6 CHINA: INFLATION y.o.y. %-change CHINA: INDUSTRIAL PRODUCTION y.o.y. %-change Source: Bloomberg
15 Investments in China Property construction and investments are likely to remain strong in 21, judging from newly started projects in recent months 12 Investments t in construction, ti 1 y.o.y. % change /1/24 1/1/25 1/1/26 1/1/27 1/1/28 1/1/29 15 Source: NBS, Bloomberg
16 What does ABN AMRO expect? The road ahead views ABN AMRO until
17 Our view on Global Economy Recovery global economy continues, with China leading the way forward - in our base case, inflation remains moderate, on condition that prices for e.g. dry bulk commodities, property and oil do not increase strongly on the medium term VS ISM China PMI Eurozone PMI y.o.y. %-ch hange e 11e 2 2 US GDP World GDP Eurozone GDP China GDP GDP Growth (% y.o.y.) Inflation (CPI, % y.o.y. avg) US -2.4% 3.4% 2.3% -.3% 1.9% 1.9% China 8.6% 9.4% 9.9% -.7% 3.% 3.4% EU -3.8% 1.7% 1.5%.3% 1.2% 1.6% World -.7% 4.% 4.% 2.3% 3.4%.8% Sources: Thomson Financial Datastream, Bloomberg, ABN AMRO (forecasts) 17
18 Our view on China There are some signs of trouble ahead: e.g. new bubbles (e.g. real estate, stock market) and overheating Chinese economy - however, China is still a developing country and it is far from done growingg steel co onsumption n per capita a (kg) Ukraine India China Russia Brazil South Korea Italy France Taiwan Japan Germany Canada UK US Netherlands GDP per capita (USD) 18 Sources: Worldbank, IISI, ABN AMRO
19 Our view on Dry bulk Long term iron ore contracts end in April 21: - because of high demand, iron ore benchmark price may increase again, - however, higher contract price iron ore means less (Chinese) demand, which could be some bad news news for capesizers and panamaxen. Long term coking coal contracts t have yet to start: - expectations on hefty price increase are mounting. Market conditions for shipping should improve: - robust global and Chinese economic growth in 21/ 11 - higher demand for steel (and metal) scrap, - ongoing urbanization emerging markets, - recovery real estate markets worldwide, - strong growth expected in Chinese auto market, - crude steel utilization ratio still at low levels. 19 Sources: Clarkson Research Service, CRU, ABN AMRO
20 End of presentation ti For question and further information, please contact: t Casper Burgering Senior sector economist Metals & Mining ABN AMRO Group Economics Sector Research tel: casper.burgering@nl.abnamro.com rgering@nl abnamro com
Outlook for Bulk Commodities John Barber Bureau of Resources and Energy Economics. bree.gov.au
Outlook for Bulk Commodities John Barber Bureau of Resources and Energy Economics bree.gov.au Overview Outlook for China Steel and iron ore markets Electricity and thermal coal China s economy is still
More informationCommodity markets. Vivek Tulpule. April Chief Economist
Commodity markets April 2008 Vivek Tulpule Chief Economist Cautionary statement Cautionary Statement This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited ( Rio Tinto ) and comprises
More informationRECENT MARKET DEVELOPMENTS
RECENT MARKET DEVELOPMENTS DSTI/SU/SC(215)9 Summary of recent developments Economic outlook has weakened Steel market sentiment is down Demand for steel falling in major economies Broad-based decline in
More informationAnalytical techniques for modelling ship demand
Analytical techniques for modelling ship demand L E N H O C K L E Y I M S F C O N F E R E N C E L O N D O N, 1 7 A P R I L 2 1 3 The real world NEW MIGHTY - 179,851 dwt Cape built 211 Arrived Port Hedland
More informationAMM 9 th Steel Scrap Conference Economic Fundamentals of Scrap and Iron Ore Prices
AMM 9 th Steel Scrap Conference Economic Fundamentals of Scrap and Iron Ore Prices 11-12 September, Chicago, IL, USA Atilla Widnell Senior Metals Analyst 2015 Metal Bulletin Research www.metalbulletinresearch.com1
More informationWorld steel outlook and challenges ahead. Steel Markets Asia Conference, 9 November 2017
World steel outlook 2017-2018 and challenges ahead Steel Markets Asia Conference, 9 November 2017 Disclaimer text This document is protected by copyright. Distribution to third parties or reproduction
More informationBrazil. Mineral exploration & metal balance. November Group Economics - Sector & Commodity Research - Emerging Markets Research
Brazil Mineral exploration & metal balance Group Economics - Sector & Commodity Research - Emerging Markets Research November 212 Structural weaknesses continue to constrain competitiveness Brazil s economic
More informationQ NLMK GROUP TRADING UPDATE*
Media contact info: Sergey Babichenko +7 (916) 824 6743 babichenko_sy@nlmk.com IR contact info: Sergey Takhiev +7 (495) 504 0504 st@nlmk.com Press release 13 April 2018 Q1 2018 NLMK GROUP TRADING UPDATE*
More informationThe dry bulk freight market: Prospects for recovery?
MetalBulletin Asian Bauxite and Alumina 2013 The dry bulk freight market: Prospects for recovery? Ralph Leszczynski 30-31 October 2013, Singapore research www.bancosta.it ; research@bancosta.it Legal notice:
More informationChina Copper Industry Chain Analysis,
Shanghai Metals Market The Leading Metals Information Provider in China China Copper Industry Chain Analysis, 2011- Hot topic China copper supply and demand in 2011 from copper resources to final products.
More informationSteel Imports Report: United States
Background The United States is the world s largest steel importer. In year-to-date 2017 (through September), further referred to at YTD 2017, the U.S. imported 26.9 million metric tons of steel, an increase
More informationWhere To From Here? Chip Goodyear Chief Executive Officer Merrill Lynch Global Metals, Mining and Steel Conference Miami, May 2006
Where To From Here? Chip Goodyear Chief Executive Officer Merrill Lynch Global Metals, Mining and Steel Conference Miami, May 2006 Disclaimer The views expressed here contain information derived from publicly
More informationThe Steel Trade War -U.S. and China edition
APRIL 218 1 The Steel Trade War -U.S. and China edition AUTHOR RUI SHI RUI.SHI@EDHEC.COM China doesn t hopes to be in a trade war, but is not afraid of engaging in one. On March 22 nd, the Chinese government
More informationCurrent Situation of Steel Supply and Demand in Japan
Current Situation of Steel Supply and Demand in Japan June 8, 2009 The Japan Iron and Steel Federation 1. The Current Japanese Economy 1. Macroeconomic Overview 2. Japan s Additional Economic Measures
More information17 th Annual Zinc & its Markets Seminar Galvanized steel outlook
17 th Annual Zinc & its Markets Seminar Galvanized steel outlook 6-8 May 2013 Robert Cartman Senior Metals Analyst 2013 Metal Bulletin Research www.metalbulletinresearch.com 1 Disclaimer: Prices and other
More informationGrowth in China s resource use still has some way to go
Developments in China implications for Australia s resources industries Wayne Calder Deputy Executive Director Bureau of Resources and Energy Economics (BREE) 2014 Growth in China s resource use still
More informationSteeland its. A Global Market Outlook to Revised & Updated for 2008
From the experienced team of analysts that brought you the highly acclaimed Steel and its raw materials in 2005 Revised & Updated for 2008 Steeland its Raw Materials A Global Market Outlook to 2020 A long-term
More informationSteel Market Research & Consultancy
Steel Market Research & Consultancy Flat Products Long Products Medium Term Forecast Long Term Forecast Consultancy GFMS: The Leading Provider p.2 Advantages From GFMS Steel Research p.3 GFMS Steel Research
More informationFreight: A key determinant to future exports?
MetalBulletin Asian Bauxite and Alumina 2014 Freight: A key determinant to future exports? Ralph Leszczynski 29-30 October 2014, Singapore group www.bancosta.com ; research@bancosta.com usd/day Baltic
More informationChinese Copper Market Study
Shanghai Metals Market The Leading Metals Information Provider in China Metal Bulletin Research (MBR) and SMM Information Technology Co., Ltd. (SMM) jointly launch: Chinese Copper Market Study 2010-2015
More informationMAKE IN INDIA & INDIAN STEEL INDUSTRY
MAKE IN INDIA & INDIAN STEEL INDUSTRY Jayant Acharya Director(Commercial & Marketing) JSW STEEL,INDIA 18-11-2016 GLOBAL ECONOMY & INDIA 2.6 2.0-3.7 0.5 7.6 6.9 0.0 0.5 Global Economic growth continues
More informationMB World DRI and Pellet Congress: Steel Scrap To what extent is scrap being considered as a feed stock in the MENA region?
MB World DRI and Pellet Congress: Steel Scrap To what extent is scrap being considered as a feed stock in the MENA region? 2 th -4 th March 2015, Abu Dhabi, UAE Atilla Widnell Senior Metals Analyst 2015
More informationShipping Market Outlook
Shipping Market Outlook Hamburg, 19 November 15 Slide 1 Market Environment Structural Trends of Global Dry Market North America Lower energy prices and higher consumer confidence will bode well for container
More informationQuadra Commodities. Anthony Diamante Director and Chartering Manager
Quadra Commodities Anthony Diamante Director and Chartering Manager Trends in the Dry Bulk Ocean freight market and freight market outlook IAOM Capetown December 2014 1 2014 in review weaker than expected
More informationSGX Freight Monthly Report January 2017
1 February 217 SGX Freight Monthly Report January 217 Market Overview SGX freight derivative volumes totaled 3,591 contracts in January (-5% m/m; -34% y/y), while open interest averaged 88,539 contracts
More informationF E R R E X P O H A S A S T R O N G B U S I N E S S P R O F I L E
PELLET MARKET D I S C L A I M E R This document is being supplied to you solely for your information and does not constitute or form part of any offer or invitation or inducement to sell or issue, or any
More informationSteel Price Forecasts To 2023 European Union
Steel Price s To 2023 European Union Price of report 1025 December 2018 MEPS (INTERNATIONAL) LTD 263 Glossop Road, Sheffield, S10 2GZ, UK Telephone: (0114) 275 0570 Fax: (0114) 275 9808 E-mail: subs@meps.co.uk
More informationLong Term Price Forecast
Long Term Price Forecast Steam Coal and Freight 2017-30 April 2017 About this report Long Term Price Forecast Steam Coal And Freight 2017-30 is the sixth annual edition of the Long Term Price Forecast,
More informationWorld Steel Market and Ukrainian metallurgy in 2010
2-Dec-21 Ministry of Industrial Policy of Ukraine SE UPE Co. Research & Consulting World Steel Market and Ukrainian metallurgy in 21 Vlasyuk V.S. SE UPE Co. Research & Consulting, Ukraine 69 th Session
More informationChinese Demand Prospects (covering coal, iron ore, and soybeans)
banchero costa 9th MARE FORUM ITALY 2013 - Quo Vadis? - Chinese Demand Prospects (covering coal, iron ore, and soybeans) Ralph Leszczynski 8 May 2013, Rome prepared by: banchero costa research www.bancosta.it
More informationGlobal view on steel market dynamics Platt s Steel Markets Europe Conference Barcelona, June 30-July 1. June 30, 2016
Global view on steel market dynamics Platt s Steel Markets Europe Conference Barcelona, June 30-July 1 June 30, 2016 Agenda China: the bull in the porcelain shop. Global growth divergence and impact on
More informationCOMPARISON OF THE STEEL DEMAND BETWEEN THE EUROPEAN UNION AND CHINA. Lenka FOJTÍKOVÁ
COMPARISON OF THE STEEL DEMAND BETWEEN THE EUROPEAN UNION AND CHINA Lenka FOJTÍKOVÁ VŠB-TU Ostrava, Havlíčkovo náb. 38a, 701 21 Ostrava 1, lenka.fojtikova@vsb.cz Abstract The steel sector is important
More informationLooking ahead: Oil, Brexit and China. Dr. Cyrus de la Rubia ECONOMICS & RESEARCH ISTANBUL MAY 24, 2016
Looking ahead: Dr. Cyrus de la Rubia ECONOMICS & RESEARCH ISTANBUL MAY 24, 216 Agenda 1. State of the world economy 2. Oil: did we reach the bottom? 3. China: Repercussions of the slow down for the bulk
More informationRefractories Market Trends Alison Saxby. IM22 Vancouver 2 April 2014
Refractories Market Trends Alison Saxby IM22 Vancouver 2 April 2014 Disclaimer The statements in this presentation represent the considered views of Roskill Information Services Ltd. It includes certain
More informationSturdy Exports Growth Improves Trade Balance to RM8.75 Billion
5 June ECONOMIC REVIEW April External Trade Sturdy Exports Growth Improves Trade Balance to RM8.75 Billion Trade balance improved to RM8.75 billion in surplus. Trade balance recorded the highest value
More informationBy Gorkem Bolaca Director
International Steel Trading In The Light Of Global Economic Facts HONG KONG, NOVEMBER 2012 By Gorkem Bolaca Director AGENDA Economic Growth and International Trade China Turkey The Future Dynamics of the
More informationIng-Marie Andersson Drugge Boliden Smelters Director Technology & Strategy 9 March 2015, Dublin. Closing the circle from mining to recycling
Closing the circle from mining to recycling Ing-Marie Andersson Drugge Boliden Smelters Director Technology & Strategy 9 March 2015, Dublin 1 2 Population and income distribution Cumulative share of world
More informationDry Bulk Freight Market: Review of 2012 & Prospects For Recovery Metal Bulletin Bauxite & Alumina Conference Singapore October 2012
Dry Bulk Freight Market: Review of 212 & Prospects For Recovery Metal Bulletin Bauxite & Alumina Conference Singapore 3-31 Whilst care and attention has been taken to ensure that the information contained
More informationExport Breached RM80 billion, Highest on Record
5 May ECONOMIC REVIEW March External Trade Export Breached RM80 billion, Highest on Record Exports continued to expand by double-digit growth in March. For the first time, exports value reached the highest
More informationSteel industry role in future development path SEAISI Conference & Exhibition, June 2018, Jakarta, Indonesia
Steel industry role in future development path 2018 SEAISI Conference & Exhibition, 25-28 June 2018, Jakarta, Indonesia Disclaimer This document is protected by copyright. Distribution to third parties
More informationDisclaimer: This presentation material is prepared for the use of Oldendorff Carriers and may not be redistributed, retransmitted or disclosed, in
Oldendorff Carriers GmbH & Co. KG June 2015 Disclaimer: This presentation material is prepared for the use of Oldendorff Carriers and may not be redistributed, retransmitted or disclosed, in whole or in
More informationThe Aluminium Industry February 2018
Introduction The Aluminium Industry February 2018 Aluminium is the second most used metal in the world after steel and the third most available element in the earth constituting almost 7.3 per cent by
More informationRaw Material Demand and Availability Seaborne market perspective. Kees Gerretse, Group Director Supplies and Transport Tata Steel Group
Raw Material Demand and Availability Seaborne market perspective Kees Gerretse, Group Director Supplies and Transport Tata Steel Group Tata Steel Procurement Vision Tata Steel Group Vision We aspire to
More informationTABLE OF CONTENTS 6 MEDIUM-TERM COAL MARKET REPORT 2016
TABLE OF CONTENTS Foreword... 3 Acknowledgements... 5 Executive Summary... 12 Is the glass half full or half empty?... 12 The world is splitting apart... 12 A relieved industry... 13 Coal is still a Chinese
More informationObservations on the global and Asian ferrosilicon markets
Observations on the global and Asian ferrosilicon markets Kevin Fowkes Ferroalloy Industry Consultant 28 th March, 2012 What is ferrosilicon? A ferroalloy of iron and silicon (FeSi), normally ~75% Si Used
More information6 TH Basic Materials Seminar Exane BNP Paribas. London March 22, 2011 Edwin Eichler, Executive Board Member ThyssenKrupp AG
6 TH Basic Materials Seminar Exane BNP Paribas, Executive Board Member ThyssenKrupp AG Disclaimer ThyssenKrupp AG The information set forth and included in this presentation is not provided in connection
More informationCapesize market outlook
Capesize market outlook China Iron Ore 2016, Metal Bulletin, Beijing Cheng Shan LI, dry bulk analyst 3 March 2016 Disclaimer The material and the information (including, without limitation, any future
More informationIn Focus: The Saudi Steel Market 2008
THE NATIONAL COMMERCIAL BANK In Focus: The Saudi Steel Market 28 Steel Demand Growth To Continue 1 SEPTEMBER 28 Contents Page A. Steel Market Determinants 2 B. Saudi Steel Market Outlook 3 C. Global Crude
More informationMANGANESE THE NEED FOR A SUSTAINABLE FUTURE
MANGANESE THE NEED FOR A SUSTAINABLE FUTURE GRAHAM KERR CHIEF EXECUTIVE OFFICER FEBRUARY 2016 IMPORTANT NOTICES The purpose of this presentation is to provide general information about South32 Limited.
More informationDR Grade Material & Beyond
Iranian Iron and Steel Conference 14-16 September 2015 Kish Island- Iran DR Grade Material & Beyond By: Keyvan Jafari Tehrani Member of the Board & Head of Int l Affairs 1 Contents Introduction Iron Ore
More informationSteelmaking raw materials: Market and Policy Developments
Steelmaking raw materials: Market and Policy Developments DSTI/SU/SC(2010)16 69 th Steel Committee Meeting Paris 3-4 December 2010 Summary Recovery in world output of steel has raised the demand for raw
More informationGlobal Markets Group. Trade Performance: Still Surplus Author: Juniman Chief Economist. Economic Research. Trade Outlook Monthly Report
Global Markets Group Trade Outlook Monthly Report Economic Research September 2016 Trade Performance: Still Surplus Author: Juniman Chief Economist Trade Highlights Exports in July 2016 fell to US$ 9.51
More informationOutlook for copper and DRC in the global context
Outlook for copper and DRC in the global context Stephane Redon, Director Overview Demand Supply Prices DRC 1 Robust global demand prospects 2011-25 expected global demand CAGR of close to 3.5% Accelerating
More informationWorld Steel Recycling in Figures Steel Scrap a Raw Material for Steelmaking
World Steel Recycling in Figures 2006 2010 Steel Scrap a Raw Material for Steelmaking Contents Foreword 2 Executive Summary 4 Graphs & Tables 8 World Crude Steel Production 8 World EAF Production 8 Total
More informationVale - The Steel Industry s Partner of Choice. Roberto Gottschalk 22 nd International Iron Ore Symposium June 1 6 th, 2016
Vale - The Steel Industry s Partner of Choice Roberto Gottschalk 22 nd International Iron Ore Symposium June 1 6 th, 2016 Disclaimer This presentation may include declarations stating Vale s expectations
More information5th Annual Larrain Vial International Investor s Conference March, 2011
5th Annual Larrain Vial International Investor s Conference March, 2011 Agenda 2 Vertically integrated ferrous metal company o Exporter of iron ore products, primarily to Asia o Producer of steel for the
More informationkilograms, against 58.6 kilograms in India, as well as the Asian average of kilograms and the global average of kilograms (Table S1.1).
Topical Section: Steel Sector: The Need for a Long Term Strategy For overall economic development of a country, a developed steel industry is very crucial. In the early stages of economic development,
More informationMaking steel more green: challenges and opportunities Workshop on green growth in shipbuilding Paris, 7-8 July 2011
Making steel more green: challenges and opportunities Workshop on green growth in shipbuilding Paris, 7-8 July 2011 Agenda 1. The importance of steel in economic development 2. The past and current efforts
More informationPCI Trade Forum 2016
Оrganizer Co-organizer Official Partner International Conference PCI Trade Forum 2016 20 May 2016 Berlin, Germany, Kempinski Hotel Bristol +38 056 794 33 94 +7 499 346 20 40 coal@metalexpert-group.com
More informationHydro - a resource rich and fully integrated aluminium company
Hydro - a resource rich and fully integrated aluminium company Jørgen C. Arentz Rostrup, Executive Vice President and CFO September 28, 2010 (1) Cautionary note in relation to certain forward-looking statements
More informationReference Materials Overview of Coal Industry
Reference Materials Overview of Coal Industry 1 Table of Contents Global Energy Resource Reserves ---------------------------------------- 3 Status of Global Energy Resources Supply ----------------------------------------
More informationTHE POTENTIAL IMPACT OF A LEVY ON BUNKER FUELS ON DRY BULK SPOT FREIGHT RATES N.T. Chowdhury and J. Dinwoodie
THE POTENTIAL IMPACT OF A LEVY ON BUNKER FUELS ON DRY BULK SPOT FREIGHT RATES N.T. Chowdhury and J. Dinwoodie School of Management, University of Plymouth Business School, Plymouth, UK PL4 8AA ABSTRACT
More informationA new opportunity? 58%-Fe iron ore derivatives primer
28 October 2014 A new opportunity? 58%-Fe iron ore derivatives primer Executive summary Increased iron ore supply driven by Australian producers has increased the proportion of low-grade production to
More informationA new era for the global steel industry
A new era for the global steel industry Prepared for: Alacero 58: Paradisus Resort Hotel, Cancun November 2017 Prepared by: Dr. Paul Butterworth Research Manager - Steel Raw Materials, Steel Costs and
More informationThe Future of the Chinese Steel Industry
The Future of the Chinese Steel Industry Century Iron Ore Conference October 9, 2013 Toronto, Ontario 1 The Future of the Chinese Steel Industry Delin Huang Deputy General Manager, WISCO Senior engineer
More informationWorld Coal and the Imperative for CCS
World Coal and the Imperative for CCS www.coalimp.org.uk Nigel Yaxley Royal Society of Chemistry 24 th March 21 World Coal and the Imperative for CCS World coal demand and supply growth Reserves and resources
More informationPresented to: Wyoming Infrastructure Authority Cheyenne June 11, Coal Shipping 101
Presented to: Wyoming Infrastructure Authority Cheyenne June 11, 2015 Coal Shipping 101 Planning to Cover. 1) Overview 2) Vessel Sizes 3) Baltic Dry Index 3) Fleet Capacity 4) Medium Term Outlook 5) Glossary
More informationB R I C S B R A Z I L Foundry Industry Remo De Simone President Brazilian Foundry Association - ABIFA
B R I C S FOUNDRY FORUM RUSSIA 2015 B R A Z I L and Foundry Industry Overview / Trends Remo De Simone President Brazilian Foundry Association - ABIFA MAIN TOPICS 1) Brazil in figures 2) Infrastructure
More informationU-Ming Marine Transportation Corp. President C.K. Ong. A member of Far Eastern Group TSEC code: Mar.
U-Ming Marine Transportation Corp. President C.K. Ong A member of Far Eastern Group TSEC code: 266 213 Mar. 1 This presentation may contain statements that express management's expectations about future
More informationThe African Steel Market: The View from Established Players
PRESENTED BY : Kaizer M. Nyatsumba Chief Executive Officer Kaizer@seifsa.co.za The African Steel Market: The View from Established Players 23 June 2015 Maputo, Mozambique THE STEEL AND ENGINEERING INDUSTRIES
More informationGlobal Freight & Shipping: Where are prices heading?
IFCHOR Group Research Unlawful distribution of this report is prohibited Global Freight & Shipping: Where are prices heading? Capesize Dry Bulk Segment 19 th Middle East Iron Ore & Steel Conference Atlantis,
More informationGlobal Markets Group. Trade Performance: Narrowing Surplus Author: Juniman Chief Economist. Economic Research. Trade Outlook Monthly Report
Global Markets Group Trade Outlook Monthly Report Economic Research May 2018 Trade Performance: Narrowing Surplus Author: Juniman Chief Economist Trade Highlights Exports in March 2018 rose to US$ 15.58
More informationAlumina Refining Under Review Analysis of Global Supply and Demand
Alumina Refining Under Review Analysis of Global Supply and Demand 2015 Metal Bulletin International Aluminium Conference Simon Storesund, SVP Commercial, B&A 23 September 2015 (1) Cautionary note Certain
More informationSTEEL SECTOR OVERVIEW
STEEL SECTOR OVERVIEW January 2018 STEEL SPECIFIC TERMS & PRODUCTS Crude Steel is steel in its first solid (or usable) form: ingots, semi-finished products billets, blooms, slabs. Production refers to
More informationDry Bulk Freight Market
Jan-1 Jun-1 Nov-1 Apr-2 Sep-2 Feb-3 Jul-3 Dec-3 May-4 Oct-4 Mar-5 Aug-5 Jan-6 Jun-6 Nov-6 Apr-7 Sep-7 Feb-8 Jul-8 Dec-8 May-9 Oct-9 Mar-1 Aug-1 Jan-11 Jun-11 US$/t Dry Bulk Freight Market Has the Market
More informationIndian Steel Industry: Present Scenario & Future Outlook. Aruna Sundararajan Former Secretary, Ministry of Steel
Indian Steel Industry: Present Scenario & Future Outlook Aruna Sundararajan Former Secretary, Ministry of Steel 3 rd Largest Producer of Steel Globally On track to become 2 nd largest Producer after China
More informationFreight Investor Services presents. Freight (FFA) & Iron ore swaps (IOS) trading overview. Singapore - November 2009
Freight Investor Services presents Freight (FFA) & Iron ore swaps (IOS) trading overview Singapore - November 29 If you think safety is expensive, try an accident Risk Management is the identification,
More informationCountry Report of Taiwan, R.O.C.
Country Report of Taiwan, R.O.C. Chii Tai Chen Secretary of International Affairs Committee May, 2017 OUTLINE 1. Review of Economic Performance in 2016 and Outlook in 2017 2. Overall Condition of Steel
More informationSUPPLY OUTLOOK & COMPETITION TO ESTABLISHED BRANDS. Alina Wills Senior Commodities Research Analyst MVS
SUPPLY OUTLOOK & COMPETITION TO ESTABLISHED BRANDS Alina Wills Senior Commodities Research Analyst MVS DISCLAIMER Whilst every effort has been made to ensure the accuracy of the information in this document,
More informationExports Coal Ocean Freights
Exports Coal Ocean Freights Pittsburgh Sept 2014 Presented by: Philip Syrrist Director of Ocean Transportation ICAP Plc. The world s largest voice & interdealer broker Our offices a non-franchised truly
More informationArgentina. Poultry and Products Annual. Argentina Poultry & Products Annual
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report
More informationDaily Indian Steel Longs Price Outlook and Strategy
Daily Indian Steel Longs Price Outlook and Strategy Decision enabling market analysis & price outlook Jan 28, 2015 Market recap and Summary outlook for next 3 days Althouhg semi finsihed steel prices including
More informationCountry Report of Taiwan
1. REVIEW Country Report of Taiwan June 2018 OF ECONOMY IN 2017 AND OUTLOOK IN 2018 (1) Macro economy in 2017 In 2017 Taiwan GDP grew 2.86% that is higher than expected mainly due to strengthened global
More informationA Quick Look on the Steel Industry in the Arab World ============================================
Arab Iron and Steel Union The Seventieth Session of the Steel Industry Committee in the Organization for Economic Cooperation and Development (OECD) 12 13 May 2011 / Paris France A Quick Look on the Steel
More informationOrganisation de Coopération et de Développement Economiques Organisation for Economic Co-operation and Development
Unclassified DSTI/SU/SC(2007)35 DSTI/SU/SC(2007)35 Unclassified Organisation de Coopération et de Développement Economiques Organisation for Economic Co-operation and Development 25-May-2007 English -
More informationInternational Timber Outlook: Logs and Woodchips
International Timber Outlook: Logs and Woodchips RISI 33 rd Annual North American Conference San Francisco, California October 1 12, 218 Bob Flynn Director, International Timber RISI Agenda Chinese imports
More informationAnalysis of USA Tariff Hike on Steel and Aluminium
Analysis of USA Tariff Hike on Steel and Aluminium Contact: Madan Sabnavis Chief Economist madan.sabnavis@careratings.com 91-22-6754489 Kavita Chacko Senior Economist kavita.chacko@careratings.com 91-22-67543687
More informationPlaced to Win Emerging Nations Set to Shake Up Natural Order
Release date: 16 December 2015 Placed to Win Emerging Nations Set to Shake Up Natural Order Castrol releases its latest Natural Products Trade Barometer, part of the Castrol Global Trade Barometer Index
More informationStrategic Trends in World Markets for
Strategic Trends in World Markets for 4 Congreso Nacional de la Carne Lleida, Oct. 9th 28 Stéphanie Abbal e-mail: s.abbal@girafood.com 1 Menu 1. Long Term Global meat demand overview 2. Trends in pigmeat
More informationEnergy Monitor September
Energy Monitor September Balancing energy markets Commodity Research 3 September 2013 The Dutch transition towards a more renewable energy policy is an important step Electricity prices for consumers are
More informationEVRAZ Q TRADING UPDATE
EVRAZ TRADING UPDATE 26 July EVRAZ plc (LSE: EVR; EVRAZ or the Group ) today released its trading update for the second quarter of. Please note that production and sales volumes data have been updated
More informationOverview of DRI/HBI market developments Yuri Mishin Metalloinvest
World DRI & Pellet Congress Overview of DRI/HBI market developments Yuri Mishin Metalloinvest 29-30 April, 2013, Abu Dhabi 1 Disclaimer These materials contains certain forward-looking statements, particularly
More informationCountry Trade View: South Korea. Trends in global trade
Country Trade View: South Korea Trends in global trade General Markets Analysis / September 2016 Summary The Korean economy is heavily reliant on foreign supply of raw materials and fuel imports. Fuels
More informationRaw Material & Supplementary Material Report
China Aluminum Raw Material & Supplementary Material Report 2012-2013 What s different? A Comprehensive Report with Concise Conclusion +69 Key Graphs & Charts in Data Pack with Chinese Analysts Exclusive
More informationU.S. UoM consumer sentiment 96.9 vs forecast. U.S February personal spending up 0.1%, income up 0.4%
03-APR-2017 WEEKLY COMMODITY REPORT ECONOMIC NEWS U.S. UoM consumer sentiment 96.9 vs. 97.6 forecast U.S February personal spending up 0.1%, income up 0.4% U.S. Chicago PMI 57.7 vs. 56.9 forecast U.S.
More informationSTEEL SECTOR OVERVIEW
STEEL SECTOR OVERVIEW February 2017 STEEL SPECIFIC TERMS & PRODUCTS Crude Steel is steel in its first solid (or usable) form: ingots, semi-finished products billets, blooms, slabs. Production refers to
More informationUC RUSAL ANNOUNCES FOURTH QUARTER AND FULL YEAR 2017 OPERATING RESULTS
Press-release UC RUSAL ANNOUNCES FOURTH QUARTER AND FULL YEAR 2017 OPERATING RESULTS Moscow, 5 February 2018 UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium
More informationHilkka K. Witt, voestalpine Tubulars GmbH & Co KG. Global Trends in 2011
Hilkka K. Witt, voestalpine Tubulars GmbH & Co KG Global Trends in 2011 Table of Contents Overview voestalpine Tubulars General global trends Market outlook - Tubular Industry Recent US anti-dumping cases
More informationPresentation F t u ur u e o f o M ercha h nt n C ok o e I n I d n u d s u try I n I
Presentation Future of Merchant Coke Industry In India An attractive opportunity for coking coal miners to invest in coke making business in India, given the low cost coke plant technology as well as lowest
More informationICS DRY BULK CONFERENCE NOVEMBER 20 TH. PB Vancouver 1
ICS DRY BULK CONFERENCE NOVEMBER 20 TH PB Vancouver 1 Overview The dry bulk market has disappointed after Q1 2014 We have had the unusual situation where the Pacific is out performing the Atlantic. Supply
More information