MICHAEL SETTERDAHL – MANAGING DIRECTOR
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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. - PowerPoint PPT Presentation
Transcript of MICHAEL SETTERDAHL – MANAGING DIRECTOR
MICHAEL SETTERDAHL – MANAGING DIRECTOR
Estimated Steel Flow
1950 - 1965
Estimated Steel Flow
1965 - 1990
Million Metric TonsCrude Steel EU-27
Production:1992: 1752000: 1952005: 195
Source: ISSB
1990 - 2005
Million Metric TonsCrude Steel EU-27
Production:2005: 1952007: 2102009: 137
Source: ISSB
2005 - 2012
2011: 1802012: 170
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)?
Steel Flows 2011
5.1
1.7 6.54.8
3.0
6.4
4.7
2.0
4.7
Source: SBB / Platts