US Steel Industry Outlook

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                                        © US Steel Industry Outlook
                                                RNCOS, 2010
                                                  Edition 2.0
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                                                               Table of Contents

1.   Analyst View ........................................................................................................................................7
2.   US - In Global Context.........................................................................................................................8
3.   US Steel Industry - Analysis.............................................................................................................10
  3.1     Availability of Raw Material..........................................................................................................11
  3.2     Production vs Consumption.........................................................................................................13
  3.3     Product Mix..................................................................................................................................17
  3.4     Export-Import ...............................................................................................................................18
  3.5     Steel Scrap ..................................................................................................................................22
4. Steel Demand Analysis to 2012 .......................................................................................................25
  4.1     Automobile Sector .......................................................................................................................25
  4.2     Construction Sector .....................................................................................................................28
     4.2.1     Residential Sector................................................................................................................28
     4.2.2     Non-residential Sector .........................................................................................................30
  4.3     Energy Sector ..............................................................................................................................32
5. Steel Pricing Analysis .......................................................................................................................33
6. Government Initiatives - The Stimulus Package ............................................................................35
7. Mergers & Acquisitions ....................................................................................................................36
8. Industry Trends .................................................................................................................................38
  8.1     Steel Recycling ............................................................................................................................38
  8.2     Energy Efficiency .........................................................................................................................39
  8.3     Consolidation ...............................................................................................................................40
  8.4     Rising Cost of Raw Material ........................................................................................................41
9. Competitive Landscape ....................................................................................................................42
  9.1     United States Steel Corporation ..................................................................................................42
  9.2     ArcelorMittal.................................................................................................................................44
  9.3     Nucor Corporation .......................................................................................................................46
  9.4     Steel Dynamics............................................................................................................................50
  9.5     AK Steel.......................................................................................................................................52




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List of Figures:

Figure 2-1: Global - Top Crude Steel Producing Countries (Million Metric Tons), 2008 & 2009 ..................8
Figure 2-2: Share of US in Global Crude Steel Production (2008 & 2009) ...................................................9
Figure 3-1: Iron Ore Production (Million Metric Tons), 2005-2008..............................................................11
Figure 3-2: Iron Ore Imports (Million Metric Tons), 2005-2008 ...................................................................12
Figure 3-3: Iron Ore Imports by Country (%), 2004 to 2007........................................................................12
Figure 3-4: Crude Steel Production (Million Metric Tons), 2006-2012 ........................................................13
Figure 3-5: Crude Steel Consumption (Million Metric Tons), 2006-2012 ....................................................14
Figure 3-6: Apparent Steel Supply (Million Tons), 2006-2009 ....................................................................15
Figure 3-7: Apparent Steel Consumption (Million Metric Tons), 2006-2009 ...............................................16
Figure 3-8: Crude Steel Production by Process (%), 2008 .........................................................................16
Figure 3-9: Steel Imports (Million Tons), 2006-2009 ...................................................................................18
Figure 3-10: Steel Exports (Million Tons), 2006-2009.................................................................................20
Figure 3-11: Iron and Steel Scrap Production (Million Metric Tons), 2006-2009 ........................................22
Figure 3-12: Iron and Steel Scrap Exports (Million Metric Tons), 2006-2009 .............................................23
Figure 3-13: Iron and Steel Scrap Imports (Million Metric Tons), 2006-2009 .............................................24
Figure 4-1: Forecast for Automobile Production (Million Units), 2010-2012 ...............................................26
Figure 4-2: Automobile Steel Consumption by Segment (%), 2009............................................................27
Figure 4-3: Housing Starts (Million Units), 2006-2012 ................................................................................29
Figure 4-4: Non-residential Building Floor Area (Million Square Feet), 2006-2012 ....................................30
Figure 4-5: Non-residential Building Steel Consumption (‘000 Tons), 2006-2012......................................31
Figure 4-6: Steel Demand in Energy Industry (Million Tons), 2006-2010 ...................................................32
Figure 5-1: Average Steel Spot Price (US$/Ton), 2006-2009.....................................................................33
Figure 5-2: Average Steel Scrap Price (US$/Ton), 2006-2009...................................................................34
Figure 8-1: Energy Consumption in Steel Shipment (MBTU/Ton), 2003-2007 ...........................................39




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List of Tables:

Table 3-1: Steel Product Net Shipment by Market Class (‘000 Short Tons) 2004 & 2005 .........................17
Table 3-2: Finished Steel Mill Product Imports by Country (‘000 Net Tons), 2008 & 2009 ........................19
Table 3-3: Steel Mill Product Exports by Country (%), 2007.......................................................................20
Table 3-4: Top 10 Steel Scrap Exporting Destinations (Tons), 2007..........................................................23
Table 6-1: Steel Consumption Potential by Sector (Tons) ....................................................................
				
DOCUMENT INFO
Description: The US represents one of the world’s largest steel industries that have recorded fast growth rates in both production and consumption over the past few years. The industry has benefitted from soaring steel demand in the automobile and construction sectors. Moreover, the cost effective and highly efficient steel making technologies worked as a catalyst and uplifted the US steel demand in the Middle East and Asian countries. According to our new research report “US Steel Industry Outlook”, the US steel industry is currently facing the post recession effects. The complications started in H2 2008 when the US saw a complete failure of its financial market amid subprime mortgage crisis. The crude steel production dropped around 6.7% in 2008 over the previous year and consumption witnessed a steep decline of 10.6%. The downtrend continued in 2009, but the recovery is expected in late 2010. The government has taken some corrective steps in order to revive the overall economy and infuse steel demand in the country. Out of US$ 787 Billion stimulus package, around 14.6% of the amount is expected to be spent on infrastructural projects requiring steel as an essential construction raw material. This will transform in the consumption of around 11 Million short tons of steel in various federal governments supported projects. Along with the government support, the recovering industrial sector is expected to further infuse steel demand in the US The report is an outcome of comprehensive research and unbiased analysis of the US steel industry and its various segments to give a clear picture of the past and present market trends. It evaluates the existing market opportunities in relation of factors driving steel demand. The report also contains information about steel pricing and government stimulus package to bring the industry back on growth track. In addition, the report has made projection for steel demand in different vertical industries to give a rough direction i
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