Wednesday, December 26, 2007

Steel glossary

Steelonthenet.com have published a glossary of terms. If you would like to know what a 'cobble' is, or need 'residuals' explained, please visit http://www.steelonthenet.com/glossary.html

Regards

blogger@steelonthenet.com

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Saturday, December 08, 2007

World crude steel output forecast

MEPS have just published a medium term world crude steel production forecast. Please see table below. This shows year 2011 crude steel production at ~1.6 billion tonnes, which is some 28% up on 2006 world output. China alone accounts for 208 mt of this increase. The implication is that Chinese crude steel capacity is coming onstream at a rate close to one million tonnes a week ... Wow !



Crude Steel Production Forecast

(millions tonnes)

Region

2006

2007

2011

W. Europe

235.1

242.3

263.0

Former USSR

119.8

125.3

153.0

NAFTA

131.5

133.3

135.5

South America

45.3

47.5

61.5

Africa/Middle East

34.0

34.9

49.0

China

422.1

492.5

630.0

Japan

116.2

119.7

122.0

Rest of Asia

136.3

145.8

177.0

Oceania

8.7

8.8

9.0

World

1249.2

1350.0

1600.0

Source: MEPS - Global Iron & Steel Production to 2011


























For original MEPS report, visit http://www.meps.co.uk/global-production2011.htm

blogger@steelonthenet.com

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