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MICHAEL SETTERDAHL – MANAGING DIRECTOR

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MICHAEL SETTERDAHL – MANAGING DIRECTOR. Estimated Steel Flow. 1950 - 1965. Estimated Steel Flow. 1965 - 1990. Million Metric Tons Crude Steel EU-27. 1990 - 2005. Production: 1992: 175 2000: 195 2005: 195. Source: ISSB. Million Metric Tons Crude Steel EU-27. 2005 - 2012.

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slide4

Million Metric Tons

Crude Steel EU-27

1990 - 2005

Production:

1992: 175

2000: 195

2005: 195

Source: ISSB

slide5

Million Metric Tons

Crude Steel EU-27

2005 - 2012

Production:

2005: 195

2007: 210

2009: 137

2011: 180

2012: 170

Source: ISSB

slide6

Over capacity in EU region (60Million MT)?

  • Protectionism! Keeping other regions’ over capacity out?
  • Capacity cuts? Or are we waiting for better times?
    • Flat products
    • Long products
  • Solutions? Consolidation, Capacity removal (efficient capacity VS. inefficient)?
slide7

Steel Flows 2011

4.7

5.1

2.0

4.7

6.4

6.5

1.7

4.8

3.0

Source: SBB / Platts

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