Global Steel Market

  • September 2014
  • -
  • Global Industry Analysts
  • -
  • 446 pages

This report analyzes the worldwide markets for Steel in Thousand Metric Tons by the following End-Use Applications: Construction, Transportation, Machinery, Metal goods, Household Appliances, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, Latin America, and Africa. Annual estimates and forecasts are provided for the period 2013 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 158 companies including many key and niche players such as -

Anshan Iron and Steel Group Corporation
ArcelorMittal S.A
Baoshan Iron & Steel Co., Ltd.
EVRAZ Group S.A
Gerdau S.A

Table Of Contents




I. INTRODUCTION, METHODOLOGY and PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation and Reporting Level I-2
Quantitative Techniques and Analytics I-3
Product Definitions and Scope of Study I-3
Construction I-3
Transportation I-3
Machinery I-4
Metal Goods I-4
Household Appliances I-4
Others (Oil and Gas among Others) I-4


II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW II-1
Steel - A Prelude II-1
Outlook II-2
Market Environment and Key Growth Indicators II-3
Improvement in Global GDP Performance Encourages an
Optimistic Market Outlook II-3
Table 1: World Real GDP Growth Rates in % for the Years 2012
to 2015: Breakdown by Country (includes corresponding
Graph/Chart) II-4
China - The Steel Giant, Witnesses a Slowdown II-5
Developing Countries on the Growth Path II-5
BRICS Down, but Not Out II-6
Current Eurozone Economic Outlook Favors an Optimistic
Outlook for Steel II-7
Fiscal Cliff Concerns Recede to Background - Augurs Well for
Steel Market II-8
Table 2: US Revisions of Debt Ceiling Limit (in US$ Billion)
for the Years 2002-2014 (includes corresponding Graph/Chart) II-9
Steady Spurt in Global PMI Benefits Market Growth II-9
Table 3: Global Purchasing Managers Index (PMI) (2006-2014E)
(includes corresponding Graph/Chart) II-10

Table 4: Global Purchasing Managers Index (PMI): Monthly PMI
Data by Country for the Year 2013 (includes corresponding
Graph/Chart) II-11

Table 5: Global Purchasing Managers Index (PMI) (January -
June 2014) (includes corresponding Graph/Chart) II-11
Increase in Construction Projects Bodes Well II-12
Table 6: Projected World Infrastructure Spending by Select
Regions (2010-2030) II-13
Urbanization in Developing Countries to Drive Growth II-13
Table 7: Population, GDP Per-Capita, Urbanization, and Steel
Use Per-Capita (2012 and 2020) for Select Regions (includes
corresponding Graph/Chart) II-14
Rising Middle Class Population to Propel Sales II-14
Increase in Automotive Production to Boost Market Prospects
for Steel II-15
Table 8: Global Passenger Car Production (2012, 2015 and 2018)
in Thousand Units (includes corresponding Graph/Chart) II-15

Table 9: Global Commercial Vehicle Production (2012, 2015 and
2018) in Thousand Units (includes corresponding Graph/Chart) II-16

Table 10: World Passenger Car Production by Geographic
Region/Country (2010-2018) (in Million Units) (includes
corresponding Graph/Chart) II-16

Table 11: World Commercial Vehicles Production by Geographic
Region/Country (2010-2018) (in Million Units) (includes
corresponding Graph/Chart) II-17
China to Remain the World’s Largest Auto Market II-17
Table 12: Importance of the Chinese Passenger Cars Market
to Domestic Economic Growth As Measured by the Value of Car
Sales as a Percentage of GDP for the Years 2003, 2011 and
2013 (includes corresponding Graph/Chart) II-18

Table 13: Growing Chinese Appetite for SUVs: Percentage
Market Share Comparison of Unit Sales of SUVs Vs Sedan, and
MPV for the Years 2013 and 2020F (includes corresponding
Graph/Chart) II-19
Growing Application in Oil and Gas Sector to Support Demand II-19
Table 14: Planned and Under-Construction Oil and Gas Pipeline
(in Miles) (includes corresponding Graph/Chart) II-21
Industrial Machinery II-22

2. STEEL INDUSTRY - A RECENT PAST PERSPECTIVE II-23
Impact of Recession in Retrospect II-23
Table 15: Global Steel Market (2009-2011): Estimated
Percentage Breakdown of Capacity Utilization of Steel Plants
by Geographic Region (includes corresponding Graph/Chart) II-24
Impact of the 2007-2009 Recession in Key Steel-Consuming Markets II-24
Construction II-24
Automotive II-25
Heavy Machinery Industry II-26
Global Steel Market Once Again Tested in 2011 and 2012 II-26
Impact of Europe’s Debt Crisis II-27
Economic Uncertainty Slows Down Growth in US Steel Market II-28

3. STEEL INDUSTRY - KEY FACTS and FIGURES II-30
Global Production II-30
Table 16: Global Steel Production (Q1 2013 and Q1 2014) in
Million Metric Tons (includes corresponding Graph/Chart) II-31

Table 17: Global Crude Steel Market (2013 and 2012): Top 15
Crude Steel Producing Countries Worldwide (includes
corresponding Graph/Chart) II-31

Table 18: Global Crude Steel Market (2012 and 2013): Percentage
Breakdown of Volume Production by Country (includes
corresponding Graph/Chart) II-32

Table 19: World Crude Steel Production (2005-2013) in Million
Tons (includes corresponding Graph/Chart) II-33

Table 20: Top 10 Producing Regions of Crude Steel (2013)
(includes corresponding Graph/Chart) II-33

Table 21: NAFTA (US, Canada, Mexico) Production of Crude
Steel (2005-2013) (includes corresponding Graph/Chart) II-34

Table 22: South American Production of Crude Steel
(2005-2013) (includes corresponding Graph/Chart) II-34

Table 23: Asia Production of Crude Steel (2005-2013)
(includes corresponding Graph/Chart) II-35

Table 24: EU-27 Production of Crude Steel (2005-2013)
(includes corresponding Graph/Chart) II-35

Table 25: World Finished Steel Market (2013): Percentage
Breakdown of Production by Category (includes corresponding
Graph/Chart) II-36
Excess Capacity Continues to Haunt the Industry II-36
Table 26: Steel Nominal Overcapacity by Select Region (2013)
(includes corresponding Graph/Chart) II-37
Table 27: Steel Capacity Utilization (2011-2014 Q1) (includes
corresponding Graph/Chart) II-37
Table 28: China Crude steel Capacity and Closures (in Million
Tonnes) (includes corresponding Graph/Chart) II-38
Excess Capacity to Drive Down Prices II-38
Table 29: World Steel Prices, 2013 and 2014 (in US$/tonne)
(includes corresponding Graph/Chart) II-39
Raw Material Scenario II-39

4. COMPETITION II-41
A Review II-41
Table 30: Top 10 Crude Steel Producing Companies (2012 and
2013) (in Million tonnes) (includes corresponding
Graph/Chart) II-41

Table 31: Leading Producers of Crude Steel (2013): Percentage
Share Breakdown of Volume Production by Company (includes
corresponding Graph/Chart) II-42
Stainless Steel II-42
Table 32: Estimated Slab Melting Capacity of Major Stainless
Steel Manufacturers (includes corresponding Graph/Chart) II-43
Restructuring Operations Remain A Key Strategy II-43
Consolidation Slows Down II-43

5. INDUSTRY TRENDS and ISSUES II-45
Strive for Lighter Weight Vehicles Drives Demand for AHSS II-45
Steel Vs Aluminum : The Material Wars Continue II-45
Demand for Stainless Steel Gains Momentum II-46
Table 33: Global Stainless Steel Market (2013): Percentage
Breakdown of Volume Production by Country (includes
corresponding Graph/Chart) II-47

Table 34: Global Stainless Steel Market (2013): Percentage
Breakdown of Production by Segment (includes corresponding
Graph/Chart) II-47

Table 35: Global Stainless Steel Long Products Market (2013):
Percentage Breakdown of Share by Product Group (includes
corresponding Graph/Chart) II-47
Table 36: Global Stainless Steel Market (2013): Percentage
Breakdown by Product (includes corresponding Graph/Chart) II-48
Table 37: Global Stainless Steel Market (2013): Percentage
Breakdown of Demand by End-Use (includes corresponding
Graph/Chart) II-48
Demand for Special Long Steel on the Rise II-48
Table 38: World Specialty Long Steel Market (2013):
Percentage Breakdown of Production by Category (includes
corresponding Graph/Chart) II-49

Table 39: Global Long Steel Market (2013): Percentage
Breakdown by Product (includes corresponding Graph/Chart) II-49
Rising Demand for Recycled Steel Pushes Demand for Steel Scrap II-49
Rising Investments in Scrap Metal Extraction Equipment II-50
Export Restrictions on Steel Scrap Tightens Raw Material Supply II-50
Lack of Geographical Diversification II-50
Surge in Cost Cutting Drives II-51
Innovations in Design and Production II-51
Move Towards EAF Continues II-51
Table 40: Steel Production by Manufacturing Process (2013) (
includes corresponding Graph/Chart) II-52
Unfair Trade Practices: The Agony Continues for Global Steel
Industry II-52
Steel Industry Persists with its Energy Conservation Drive II-53
Environmentally Friendly Approach Gains Focus II-53

6. AN OVERVIEW OF MAJOR END-USE SEGMENTS II-54
Construction II-54
Automotive II-54
Shipbuilding II-55
Machinery II-55
Appliances II-55
Metal Cans II-55
Accessories II-56
Finishes II-56
Furniture II-56

7. STAINLESS STEEL INDUSTRY - A SNAPSHOT II-57
End-Use Applications of Stainless Steel II-57

8. PRODUCT OVERVIEW II-58
The Steel Transition II-58
Steel: The Sage of a Non-Ferrous Metal II-58
The Backbone of Human Development II-58
Steel Composition II-59
Steel Properties II-59
Steel Classification II-59
Table 41: Steel Demand by Steel Type (includes corresponding
Graph/Chart) II-60
Carbon Steels II-60
Table 42: Carbon Steels - Alloying Elements of Steel not
Exceeding the Following Limits of Weight (includes
corresponding Graph/Chart) II-60
Alloy Steels II-60
Stainless Steels II-61
Austenitic Grade II-61
Ferritic Grade II-61
Martensitic Grade II-62
Tool Steels II-62
High-Speed Tool Steels II-62
Cold-Work Tool Steels II-62
Hot-Work Tool Steels II-63
Mold Steels II-63
Shock-Resistant Tool Steels II-63
Water-Hardening Tool Steels II-63
Special-Purpose Tool Steels II-63
Other Steel Types II-64
Chromium Steel II-64
Nickel Steel II-64
High Speed Steel II-64
Cobalt Steel II-64
Ferro-Tic Carbide II-64
Carbide Tipped II-64
Solid Carbide II-64
Steel Manufacturing Process II-65
Steel Manufacturing: Processes Involved II-65
Steel Making II-65
Basic Oxygen Furnace II-66
Classification of BOFs II-66
Bottom Blown II-66
Top Blown II-67
Combination Blown II-67
Electric Arc Furnace II-67
Refining and Casting II-68
Ladle Refining II-68
Casting II-69
Forming and Finishing II-69
Finished Products II-70
Steel Demand by Finished Products II-70
Table 43: Global Steel Demand (2013): Percentage Breakdown
of Consumption by Product Shape (includes corresponding
Graph/Chart) II-70
Hot Rolled II-70
Cold Forming - Modifies Properties of Some Steels II-70
Steel Products II-71

9. RECENT INDUSTRY ACTIVITY II-72
MFC Industrial Acquires F.J. Elsner II-72
Klockner Acquires Majority Interest in Riedo Bau+Stahl II-72
ArcelorMittal Acquires ThyssenKrupp Steel USA II-72
ArcelorMittal Announces Plans to Acquire Ilva II-72
TPS Acquisition Takes Over Theis Precision Steel II-72
Vicwest to Take Over Exterior Metal Cladding Business and
Steel Deck of Roll Form Group II-73
Northwest Pipe Takes Over Permalok II-74
Futura Acquires Additional Stake in Tree Island Steel II-74
Majestic Steel USA Takes Over Flatrolled Steel II-74
MWTI Acquires Industrial Mezzanines II-74
Worthington Industries Takes Over Palmer Manufacturing and Tank II-75
Gerdau Takes Over Majority Stake in Joint Venture with Kalyani
Steels II-75
Uttam Galva Acquires Majority Interest in Lloyds Steel II-75
Trinity Industries Takes Over Assets of Forjas Metalicas II-75
Optima Speciality Steel Acquires KES Acquisition II-75
Willbanks Metals Acquires First Process Steel II-76
Leighton Holdings Acquires Remaining Stake in Leighton Welspun II-76
Gyscoal Alloys to Acquire Stake in Thai Indo II-76
Veritas Steel Acquires Assets of PDM Bridge II-76
Reliance Steel and Aluminum Acquires Haskins Steel II-77
RTI International Metals Takes Over Osborn Steel Extrusions II-77
BlueScope Steel Acquires Sheet and Coil Processing and
Distribution Business of Arrium II-77
Cevian Capital Takes Over Minority Interest in Thyssenkrup II-77
TMK Inoks Acquires Arinoi Facility II-77
CRONIMET Holding Acquires ABCOM Group II-78
Refax Takes Over Imperial Steel Tank II-78
Chaoyue Group to Acquire Two Copper and Stainless Steel
Product Manufacturers II-78
Metso Purchases Manganese Steel Foundry from Quzhou Chixin
Machinery and Quzhou Juxin Machinery II-78
APF Industrial Takes Over Rocket Steel Construction II-79
Renova Acquires Minority Interest in Schmolz+Bickenbach II-79
Techcom Takes Over Adria Celik and Adria Zeljezara II-79
Triple-S Steel Holdings Takes Over General Steel II-79
Bushwick Metals Acquires Metal Fab and Tarco Steel II-79
Kingspan Takes Over Construction Group II-80
Kingspan Acquires Rigidal Industries II-80
Peregrine Takes Over Sparta Steel II-80
Evergreen Pacific Partners Acquires Majority Stake in PAC
Stainless II-80
Banker Steel Takes Over Foote Steel II-80
Outokumpu Acquires Inoxum II-81
Reliance Steel and Aluminum to Acquire GH Metal Solutions II-81
Reliance Steel and Aluminum Acquires Sunbelt Steel Texas II-81
Kingspan Group Acquires Construction Group of ThyssenKrupp
Steel Europe II-81
Bushwick Metals Takes Over Steel Service Companies II-81
Cianbro Acquires New Fabrication Facility II-82
Trinecke Zelezarny Acquires Wire Production Segment of ZDB Group II-82
JSW Steel Embarks on Merger Operation II-82
Pitti Castings Takes Over Vaksh Steel’s Foundry Unit II-83
Synalloy Takes Over Palmer of Texas II-83
JMC Steel Takes Over Lakeside Steel II-83
Nucor Acquires Skyline Steel II-84
Alert Steel Holdings to Acquire Steelmecca’s Business II-84
Precision Strip Acquires the Assets of the Worthington Steel
Vonore Plant II-84
Reliance Steel and Aluminum Takes Over National Specialty Alloys II-85
Bekaert Enters into a Joint Venture with Southern Steel Berhad II-85
JFE Steel Enters into an Agreement with JSW Steel II-86
Sumitomo Enters into a Joint Venture with Mukand II-86
Nippon Steel, Sumitomo, Sumitomo Pipe and Tube and Metal One to
Form a Joint Venture in Mexico II-86
Therma Luzon Enters into Partnership with Melters Steel II-87
POSCO Starts POSCO-CSPC Facility II-87
Baosteel Group Takes Over Fujian Desheng Nickel Product II-87
ArcelorMittal Ostrava Rolls Out New Steel Element for Road
Safety Barriers II-88
POSCO Unveils PBC-EV Steel Body for Electric Vehicles II-88
Outokumpu to Acquire Inoxum II-88
Nucor and ArcelorMittal Ink Stock Purchase Agreement II-88
Usiminas Mecânica and RCC Holding Ink Memorandum of Understanding II-89
Guangzhou Steel Sheets Replaces Guangzhou Iron and Steel
Enterprises Holdings as Investment Partner in Guangzhou JFE
Steel Sheet II-89
ArcelorMittal Constructs Wire Rod Mill in Duisburg II-89
Baosteel International Takes Over Baosteel Metal Auto Spare
Parts Sector II-90
Tata Steel Bags Contract from Discovery Producer Services II-90
Tata Steel Receives Contract from Enterprise Products Partner II-91
Siemens Wind Power Bestows Upon Steel Plate Contract to Tata
Steel II-91

10. FOCUS ON SELECT GLOBAL PLAYERS II-92
Anshan Iron and Steel Group Corporation (China) II-92
ArcelorMittal S.A. (Luxembourg) II-92
Baoshan Iron and Steel Co., Ltd. (China) II-93
EVRAZ Group S.A. (Russia) II-94
Gerdau S.A. (Brazil) II-94
Hebei Iron and Steel Group Company Limited (China) II-95
JFE Steel Corporation (Japan) II-95
Jiangsu Shagang Group (China) II-95
Nizhniy Tagil Iron and Steel Works (Russia) II-96
Nippon Steel and Sumitomo Metal Corporation (Japan) II-96
Nucor Corporation (USA) II-97
POSCO (Korea) II-97
Riva Group (Italy) II-97
Siderúrgica Venezolana SIVENSA S.A (Venezuela) II-97
Tata Steel Group (India) II-98
Tata Steel Europe Ltd. (UK) II-99
Tenaris S.A. (Luxembourg) II-99
ThyssenKrupp Steel Europe AG (Germany) II-99
United States Steel Corporation (US) II-100

11. GLOBAL MARKET PERSPECTIVE II-101
Table 44: World Recent Past, Current and Future Analysis for
Finished Steel by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East, Latin
America and Africa Markets Independently Analyzed with Annual
Consumption in Thousand Metric Tons for Years 2013 through
2020 (includes corresponding Graph/Chart) II-101

Table 45: World Historic Review for Finished Steel by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East, Latin America and Africa
Markets Independently Analyzed with Annual Consumption in
Thousand Metric Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) II-102

Table 46: World 15-Year Perspective for Finished Steel by
Geographic Region - Percentage Breakdown of Volume Consumption
for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East, Latin America and Africa Markets for Years 2006,
2014 and 2020 (includes corresponding Graph/Chart) II-103
Steel Market by End-Use Segment II-104
Table 47: World Recent Past, Current and Future Analysis for
Finished Steel in Construction Sector by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East, Latin America and Africa Markets Independently
Analyzed with Annual Consumption in Thousand Metric Tons for
Years 2013 through 2020 (includes corresponding Graph/Chart) II-104

Table 48: World Historic Review for Finished Steel in
Construction Sector by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East, Latin
America and Africa Markets Independently Analyzed with Annual
Consumption in Thousand Metric Tons for Years 2006 through
2012 (includes corresponding Graph/Chart) II-105

Table 49: World 15-Year Perspective for Finished Steel in
Construction Sector by Geographic Region - Percentage
Breakdown of Volume Consumption for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East, Latin America and
Africa Markets for Years 2006, 2014 and 2020 (includes
corresponding Graph/Chart) II-106

Table 50: World Recent Past, Current and Future Analysis for
Finished Steel in Transportation Sector by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East, Latin America and Africa Markets Independently
Analyzed with Annual Consumption in Thousand Metric Tons for
Years 2013 through 2020 (includes corresponding Graph/Chart) II-107

Table 51: World Historic Review for Finished Steel in
Transportation Sector by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle East,
Latin America and Africa Markets Independently Analyzed with
Annual Consumption in Thousand Metric Tons for Years 2006
through 2012 (includes corresponding Graph/Chart) II-108

Table 52: World 15-Year Perspective for Finished Steel in
Transportation Sector by Geographic Region - Percentage
Breakdown of Volume Consumption for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East, Latin America and
Africa Markets for Years 2006, 2014 and 2020 (includes
corresponding Graph/Chart) II-109

Table 53: World Recent Past, Current and Future Analysis for
Finished Steel in Machinery by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle East,
Latin America and Africa Markets Independently Analyzed with
Annual Consumption in Thousand Metric Tons for Years 2013
through 2020 (includes corresponding Graph/Chart) II-110

Table 54: World Historic Review for Finished Steel in
Machinery by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East, Latin America and
Africa Markets Independently Analyzed with Annual Consumption
in Thousand Metric Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) II-111

Table 55: World 15-Year Perspective for Finished Steel in
Machinery by Geographic Region - Percentage Breakdown of
Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East, Latin America and Africa
Markets for Years 2006, 2014 and 2020 (includes corresponding
Graph/Chart) II-112

Table 56: World Recent Past, Current and Future Analysis for
Finished Steel in Metal Goods by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
East, Latin America and Africa Markets Independently Analyzed
with Annual Consumption in Thousand Metric Tons for Years 2013
through 2020 (includes corresponding Graph/Chart) II-113

Table 57: World Historic Review for Finished Steel in Metal
Goods by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East, Latin America and
Africa Markets Independently Analyzed with Annual Consumption
in Thousand Metric Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) II-114

Table 58: World 15-Year Perspective for Finished Steel in
Metal Goods by Geographic Region - Percentage Breakdown of
Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East, Latin America and Africa
Markets for Years 2006, 2014 and 2020 (includes corresponding
Graph/Chart) II-115

Table 59: World Recent Past, Current and Future Analysis for
Finished Steel in Household Appliances by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East, Latin America and Africa Markets Independently
Analyzed with Annual Consumption in Thousand Metric Tons for
Years 2013 through 2020 (includes corresponding Graph/Chart) II-116

Table 60: World Historic Review for Finished Steel in
Household Appliances by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East, Latin
America and Africa Markets Independently Analyzed with Annual
Consumption in Thousand Metric Tons for Years 2006 through
2012 (includes corresponding Graph/Chart) II-117

Table 61: World 15-Year Perspective for Finished Steel in
Household Appliances by Geographic Region - Percentage
Breakdown of Volume Consumption for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East, Latin America and
Africa Markets for Years 2006, 2014 and 2020 (includes
corresponding Graph/Chart) II-118

Table 62: World Recent Past, Current and Future Analysis for
Finished Steel in Other End-Use Sectors by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East, Latin America and Africa Markets Independently
Analyzed with Annual Consumption in Thousand Metric Tons for
Years 2013 through 2020 (includes corresponding Graph/Chart) II-119

Table 63: World Historic Review for Finished Steel in Other
End-Use Sectors by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East, Latin
America and Africa Markets Independently Analyzed with Annual
Consumption in Thousand Metric Tons for Years 2006 through
2012 (includes corresponding Graph/Chart) II-120

Table 64: World 15-Year Perspective for Finished Steel in
Other End-Use Sectors by Geographic Region - Percentage
Breakdown of Volume Consumption for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East, Latin America and
Africa Markets for Years 2006, 2014 and 2020 (includes
corresponding Graph/Chart) II-121


III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
Outlook III-1
Steel- Market Overview III-1
Receding Fiscal Cliff Concerns Augurs Well for Steel Market III-2
Brief Review of Construction Sector III-3
Table 65: Residential Construction in the US (2007-2013):
Number of Housing Starts by Type - Single-Family Units and
Multi-Family Units (in ‘000) (includes corresponding
Graph/Chart) III-5

Table 66: US Construction Spending by Type of Construction
(2012 and 2013): Percentage Breakdown of Annual Spending for
Non-Residential and Residential Construction (includes
corresponding Graph/Chart) III-5

Table 67: US total Public and Private Spending on
Non-Residential Construction by Sector (2012 and 2013):
Percentage Breakdown of Construction Spending for Power,
Highway and Street, Educational, Manufacturing, Commercial,
Transportation, Health Care, Office, Sewage and Waste
Disposal, Communication, Amusement and Recreation, Lodging,
Water Supply, Public Safety, Conservation and Development,
and Religious Constructions (includes corresponding
Graph/Chart) III-6
Recovery in US Automobile Sector and Regulations Boost
Market Prospects III-7
Increasing Activity in Shale Gas Extraction Bodes Well for
the Steel Market III-7
Oil and Gas Pipeline Infrastructure to Offer Growth III-8
Table 68: US Expenditure on Pipeline Infrastructure
(2013): Percentage Share Breakdown by End-Use Segments -
Oil, NGL and Natural Gas (includes corresponding
Graph/Chart) III-8
Demand for Steel Scrap on Rise III-9
Table 69: US Crude Steel Market (2013): Percentage
Breakdown of Volume Production by Type of Process -
Electric Furnace and Oxygen Blown Converter (includes
corresponding Graph/Chart) III-9
Flexibility: The Winning Formula III-9
Styled Steel Wheels and Steel Cords Make Inroads III-10
Import/Exports III-10
Table 70: US Imports of Steel Mill Products (2013):
Percentage Breakdown by Country of Origin (includes
corresponding Graph/Chart) III-10

Table 71: US Imports of Steel Mill Products (2013):
Percentage Breakdown by Product Segment (includes
corresponding Graph/Chart) III-11
Recent Industry Activity III-11
Key Players III-19
B.Market Analytics III-20
Table 72: US Recent Past, Current and Future Analysis for
Finished Steel by End-Use Sector - Construction,
Transportation, Machinery, Metal Goods, Household Appliances
and Others Markets Independently Analyzed with Annual
Consumption Figures in Thousand Metric Tons for Years 2013
through 2020 (includes corresponding Graph/Chart) III-20

Table 73: US Historic Review for Finished Steel by End-Use
Sector - Construction, Transportation, Machinery, Metal
Goods, Household Appliances and Others Markets Independently
Analyzed with Annual Consumption Figures in Thousand Metric
Tons for Years 2006 through 2012 (includes corresponding
Graph/Chart) III-21

Table 74: US 15-Year Perspective for Finished Steel by
End-Use Sector - Percentage Breakdown of Volume Consumption
for Construction, Transportation, Machinery, Metal Goods,
Household Appliances and Others Markets for Years 2006, 2014 and
2020 (includes corresponding Graph/Chart) III-22

2. CANADA III-23
A.Market Analysis III-23
Outlook III-23
Recovery in Construction Activity to Drive Demand III-23
Table 75: Housing Starts in Canada (2008-2013): Breakdown
of Number of Housing Starts in ‘000s (includes
corresponding Graph/Chart) III-24
Technological Change Shapes Convergence of Steel Mills III-24
B.Market Analytics III-25
Table 76: Canadian Recent Past, Current and Future Analysis
for Finished Steel by End-Use Sector - Construction,
Transportation, Machinery, Metal Goods, Household Appliances
and Others Markets Independently Analyzed with Annual
Consumption Figures in Thousand Metric Tons for Years 2013
through 2020 (includes corresponding Graph/Chart) III-25

Table 77: Canadian Historic Review for Finished Steel by
End-Use Sector - Construction, Transportation, Machinery,
Metal Goods, Household Appliances and Others Markets
Independently Analyzed with Annual Consumption Figures in
Thousand Metric Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-26

Table 78: Canadian 15-Year Perspective for Finished Steel by
End-Use Sector - Percentage Breakdown of Volume Consumption
for Construction, Transportation, Machinery, Metal Goods,
Household Appliances and Others Markets for Years 2006, 2014 and
2020 (includes corresponding Graph/Chart) III-27

3. JAPAN III-28
A.Market Analysis III-28
Outlook III-28
Market Overview III-28
Key Players III-29
Table 79: Japanese Steel Market (2013): Percentage Share
Breakdown of Production by Company (includes corresponding
Graph/Chart) III-29
B.Market Analytics III-31
Table 80: Japanese Recent Past, Current and Future Analysis
for Finished Steel by End-Use Sector - Construction,
Transportation, Machinery, Metal Goods, Household Appliances
and Others Markets Independently Analyzed with Annual
Consumption Figures in Thousand Metric Tons for Years 2013
through 2020 (includes corresponding Graph/Chart) III-31

Table 81: Japanese Historic Review for Finished Steel by
End-Use Sector - Construction, Transportation, Machinery,
Metal Goods, Household Appliances and Others Markets
Independently Analyzed with Annual Consumption Figures in
Thousand Metric Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-32

Table 82: Japanese 15-Year Perspective for Finished Steel by
End-Use Sector - Percentage Breakdown of Volume Consumption
for Construction, Transportation, Machinery, Metal Goods,
Household Appliances and Others Markets for Years 2006, 2014 and
2020 (includes corresponding Graph/Chart) III-33

4. EUROPE III-34
A.Market Analysis III-34
Outlook III-34
Steel Industry - An Integral Part of European Economy III-34
Optimistic Outlook for Steel III-34
Table 83: Business Climate Indicator in the Eurozone Area
for the Year 2013 and 2014: Breakdown by Month (includes
corresponding Graph/Chart) III-36
EU Commission - Focused on Reinvigorating Steel industry III-36
Energy Efficient Policies to Enhance Competitiveness of
European Companies III-37
Competition III-38
Table 84: European Steel Market (2013): Percentage Share
Breakdown of Production by Company (includes corresponding
Graph/Chart) III-38
B.Market Analytics III-39
Table 85: European Recent Past, Current and Future Analysis
for Finished Steel by Geographic Region - France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets
Independently Analyzed with Annual Consumption Figures in
Thousand Metric Tons for Years 2013 through 2020 (includes
corresponding Graph/Chart) III-39

Table 86: European Historic Review for Finished Steel by
Geographic Region - France, Germany, Italy, UK, Spain,
Russia and Rest of Europe Markets Independently Analyzed
with Annual Consumption Figures in Thousand Metric Tons for
Years 2006 through 2012 (includes corresponding Graph/Chart) III-40

Table 87: European Recent Past, Current and Future Analysis
for Finished Steel by End-Use Sector - Construction,
Transportation, Machinery, Metal Goods, Household Appliances
and Others Markets Independently Analyzed with Annual
Consumption Figures in Thousand Metric Tons for Years 2013
through 2020 (includes corresponding Graph/Chart) III-41

Table 88: European Historic Review for Finished Steel by
End-Use Sector - Construction, Transportation, Machinery,
Metal Goods, Household Appliances and Others Markets
Independently Analyzed with Annual Consumption Figures in
Thousand Metric Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-42

Table 89: European 15-Year Perspective for Finished Steel by
Geographic Region - Percentage Breakdown of Volume
Consumption for France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets for Years 2006, 2014 and 2020
(includes corresponding Graph/Chart) III-43

Table 90: European 15-Year Perspective for Finished Steel by
End-Use Sector - Percentage Breakdown of Volume Consumption
for Construction, Transportation, Machinery, Metal Goods,
Household Appliances and Others Markets for Years 2006, 2014 and
2020 (includes corresponding Graph/Chart) III-44

4a. FRANCE III-45
A.Market Analysis III-45
Outlook III-45
B.Market Analytics III-45
Table 91: French Recent Past, Current and Future Analysis for
Finished Steel by End-Use Sector - Construction,
Transportation, Machinery, Metal Goods, Household Appliances
and Others Markets Independently Analyzed with Annual
Consumption Figures in Thousand Metric Tons for Years 2013
through 2020 (includes corresponding Graph/Chart) III-45

Table 92: French Historic Review for Finished Steel by
End-Use Sector - Construction, Transportation, Machinery,
Metal Goods, Household Appliances and Others Markets
Independently Analyzed with Annual Consumption Figures in
Thousand Metric Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-46

Table 93: French 15-Year Perspective for Finished Steel by
End-Use Sector - Percentage Breakdown of Volume Consumption
for Construction, Transportation, Machinery, Metal Goods,
Household Appliances and Others Markets for Years 2006, 2014 and
2020 (includes corresponding Graph/Chart) III-47

4b. GERMANY III-48
A.Market Analysis III-48
Outlook III-48
Strategic Corporate Developments III-48
ThyssenKrupp Steel Europe AG (Germany) - A Leading Player III-48
B.Market Analytics III-49
Table 94: German Recent Past, Current and Future Analysis for
Finished Steel by End-Use Sector - Construction,
Transportation, Machinery, Metal Goods, Household Appliances
and Others Markets Independently Analyzed with Annual
Consumption Figures in Thousand Metric Tons for Years 2013
through 2020 (includes corresponding Graph/Chart) III-49

Table 95: German Historic Review for Finished Steel by
End-Use Sector - Construction, Transportation, Machinery,
Metal Goods, Household Appliances and Others Markets
Independently Analyzed with Annual Consumption Figures in
Thousand Metric Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-50

Table 96: German 15-Year Perspective for Finished Steel by
End-Use Sector - Percentage Breakdown of Volume Consumption
for Construction, Transportation, Machinery, Metal Goods,
Household Appliances and Others Markets for Years 2006, 2014 and
2020 (includes corresponding Graph/Chart) III-51

4c. ITALY III-52
A.Market Analysis III-52
Outlook III-52
Recent Industry Activity III-52
Riva Group- A Leading Player III-52
B.Market Analytics III-53
Table 97: Italian Recent Past, Current and Future Analysis for
Finished Steel by End-Use Sector - Construction,
Transportation, Machinery, Metal Goods, Household Appliances
and Others Markets Independently Analyzed with Annual
Consumption Figures in Thousand Metric Tons for Years 2013
through 2020 (includes corresponding Graph/Chart) III-53

Table 98: Italian Historic Review for Finished Steel by
End-Use Sector - Construction, Transportation, Machinery,
Metal Goods, Household Appliances and Others Markets
Independently Analyzed with Annual Consumption Figures in
Thousand Metric Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-54

Table 99: Italian 15-Year Perspective for Finished Steel by
End-Use Sector - Percentage Breakdown of Volume Consumption
for Construction, Transportation, Machinery, Metal Goods,
Household Appliances and Others Markets for Years 2006, 2014 and
2020 (includes corresponding Graph/Chart) III-55

4d. THE UNITED KINGDOM III-56
A.Market Analysis III-56
Outlook III-56
Table 100: UK Crude Steel Production (2013): Percentage
Breakdown of Share by Segment (includes corresponding
Graph/Chart) III-56
Recent Industry Activity III-56
Tata Steel Europe Ltd. - A Leading Player III-57
B.Market Analytics III-57
Table 101: UK Recent Past, Current and Future Analysis for
Finished Steel by End-Use Sector - Construction,
Transportation, Machinery, Metal Goods, Household Appliances
and Others Markets Independently Analyzed with Annual
Consumption Figures in Thousand Metric Tons for Years 2013
through 2020 (includes corresponding Graph/Chart) III-57

Table 102: UK Historic Review for Finished Steel by End-Use
Sector - Construction, Transportation, Machinery, Metal
Goods, Household Appliances and Others Markets Independently
Analyzed with Annual Consumption Figures in Thousand Metric
Tons for Years 2006 through 2012 (includes corresponding
Graph/Chart) III-58

Table 103: UK 15-Year Perspective for Finished Steel by
End-Use Sector - Percentage Breakdown of Volume Consumption
for Construction, Transportation, Machinery, Metal Goods,
Household Appliances and Others Markets for Years 2006, 2014 and
2020 (includes corresponding Graph/Chart) III-59

4e. SPAIN III-60
A.Market Analysis III-60
Outlook III-60
B.Market Analytics III-60
Table 104: Spanish Recent Past, Current and Future Analysis
for Finished Steel by End-Use Sector - Construction,
Transportation, Machinery, Metal Goods, Household Appliances
and Others Markets Independently Analyzed with Annual
Consumption Figures in Thousand Metric Tons for Years 2013
through 2020 (includes corresponding Graph/Chart) III-60

Table 105: Spanish Historic Review for Finished Steel by
End-Use Sector - Construction, Transportation, Machinery,
Metal Goods, Household Appliances and Others Markets
Independently Analyzed with Annual Consumption Figures in
Thousand Metric Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-61

Table 106: Spanish 15-Year Perspective for Finished Steel by
End-Use Sector - Percentage Breakdown of Volume Consumption
for Construction, Transportation, Machinery, Metal Goods,
Household Appliances and Others Markets for Years 2006, 2014 and
2020 (includes corresponding Graph/Chart) III-62

4f. RUSSIA III-63
A.Market Analysis III-63
Outlook III-63
Table 107: Russian Steel Market (2013): Percentage Share
Breakdown of Production by Company (includes corresponding
Graph/Chart) III-63
Recent Industry Activity III-63
Key Players III-64
B.Market Analytics III-65
Table 108: Russian Recent Past, Current and Future Analysis
for Finished Steel by End-Use Sector - Construction,
Transportation, Machinery, Metal Goods, Household Appliances
and Others Markets Independently Analyzed with Annual
Consumption Figures in Thousand Metric Tons for Years 2013
through 2020 (includes corresponding Graph/Chart) III-65

Table 109: Russian Historic Review for Finished Steel by
End-Use Sector - Construction, Transportation, Machinery,
Metal Goods, Household Appliances and Others Markets
Independently Analyzed with Annual Consumption Figures in
Thousand Metric Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-66

Table 110: Russian 15-Year Perspective for Finished Steel by
End-Use Sector - Percentage Breakdown of Volume Consumption
for Construction, Transportation, Machinery, Metal Goods,
Household Appliances and Others Markets for Years 2006, 2014 and
2020 (includes corresponding Graph/Chart) III-67

4g. REST OF EUROPE III-68
A.Market Analysis III-68
Outlook III-68
Key Statistics: III-68
Table 111: Swedish Crude Steel Market (2013): Percentage
Breakdown of Volume Production by Manufacturing Process -
Electric Furnace and Oxygen Blown Converter (includes
corresponding Graph/Chart) III-68
Turkey - Emerging Steel Producer in Europe III-68
Ukraine - Emerging as a Leading Steel Producing Nation III-69
Significance of Steel Production to the Nation III-69
Industry Strives for Global Competitiveness III-69
Table 112: Ukrainian Steel Market: Percentage Share
Breakdown of Production by Process for the Years 2010 and
2018P (includes corresponding Graph/Chart) III-70
Recent Industry Activity III-70
Select Players III-71
B.Market Analytics III-72
Table 113: Rest of Europe Recent Past, Current and Future
Analysis for Finished Steel by End-Use Sector -
Construction, Transportation, Machinery, Metal Goods,
Household Appliances and Others Markets Independently
Analyzed with Annual Consumption Figures in Thousand Metric
Tons for Years 2013 through 2020 (includes corresponding
Graph/Chart) III-72

Table 114: Rest of Europe Historic Review for Finished Steel
by End-Use Sector - Construction, Transportation, Machinery,
Metal Goods, Household Appliances and Others Markets
Independently Analyzed with Annual Consumption Figures in
Thousand Metric Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-73

Table 115: Rest of Europe 15-Year Perspective for Finished
Steel by End-Use Sector - Percentage Breakdown of Volume
Consumption for Construction, Transportation, Machinery,
Metal Goods, Household Appliances and Others Markets for
Years 2006, 2014 and 2020 (includes corresponding Graph/Chart) III-74

5. ASIA-PACIFIC III-75
A.Market Analysis III-75
Outlook III-75
Steel- Brief Market Overview III-75
B.Market Analytics III-76
Table 116: Asia-Pacific Recent Past, Current and Future
Analysis for Finished Steel by Geographic Region - China,
India, South Korea, Taiwan, and Rest of Asia-Pacific Markets
Independently Analyzed with Annual Consumption Figures in
Thousand Metric Tons for Years 2013 through 2020 (includes
corresponding Graph/Chart) III-76

Table 117: Asia-Pacific Historic Review for Finished Steel
by Geographic Region - China, India, South Korea, Taiwan,
and Rest of Asia-Pacific Markets Independently Analyzed with
Annual Consumption Figures in Thousand Metric Tons for Years
2006 through 2012 (includes corresponding Graph/Chart) III-77

Table 118: Asia-Pacific Recent Past, Current and Future
Analysis for Finished Steel by End-Use Sector -
Construction, Transportation, Machinery, Metal Goods,
Household Appliances and Others Markets Independently
Analyzed with Annual Consumption Figures in Thousand Metric
Tons for Years 2013 through 2020 (includes corresponding
Graph/Chart) III-78

Table 119: Asia-Pacific Historic Review for Finished Steel
by End-Use Sector - Construction, Transportation, Machinery,
Metal Goods, Household Appliances and Others Markets
Independently Analyzed with Annual Consumption Figures in
Thousand Metric Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-79

Table 120: Asia-Pacific 15-Year Perspective for Finished
Steel by Geographic Region - Percentage Breakdown of Volume
Consumption for China, India, South Korea, Taiwan, and Rest
of Asia-Pacific Markets for Years 2006, 2014 and 2020
(includes corresponding Graph/Chart) III-80

Table 121: Asia-Pacific 15-Year Perspective for Finished
Steel by End-Use Sector - Percentage Breakdown of Volume
Consumption for Construction, Transportation, Machinery,
Metal Goods, Household Appliances and Others Markets for
Years 2006, 2014 and 2020 (includes corresponding Graph/Chart) III-81

5a. CHINA III-82
A.Market Analysis III-82
Shift in Economic Focus to Drag Down Consumption of Steel III-82
China - A Global Leader in Steel Demand and Supply III-82
Table 122: Chinese Crude Steel Production (2013):
Percentage Share Breakdown of Production by Grade Category
(includes corresponding Graph/Chart) III-83

Table 123: Chinese Crude Steel Market (2013): Percentage
Share Breakdown of Production by Type (includes
corresponding Graph/Chart) III-84
China Adds New Steel Production Capacity III-84
Automotive Manufacturing Industry - A Lucrative Market for
Steel III-84
China Steel Mills Collaborate to Curtail Cost III-85
Growing Demand for Bridge Steel Structure Augurs Well for
the Market III-85
Key Developments in the Chinese Steel Market III-85
Industry Embraces Technological Innovation in Production III-85
US Steel Makers Eye on China III-86

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