Steel - the road forward Nicholas Walters. Steel: A key driver of the worlds economy.
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Transcript of Steel - the road forward Nicholas Walters. Steel: A key driver of the worlds economy.
Steel - the road forward
Nicholas Walters
Steel: A key driver of the world’s economy
Steel is everywhere in your life
Sustainable steel: steel at the heart of the green economy
Life Cycle Assessment (LCA):
New solutions for new times
Environmental impact: use phase often dominates
% contribution of each life cycle phase
6
Raw materials Materialproduction
Manufacturing Use phase End of life
The use phase of products often has the greatest environmental impact Aim of regulations: to reduce use phase impacts Steel industry involvement to improve use phase Material production and end-of-life become more important Move to lighter weight, higher strength steels
Environmental impact: use phase often dominates
% contribution of each life cycle phase
7
The use phase of products often has the greatest environmental impact Aim of regulations: to reduce use phase impacts Steel industry involvement to improve use phase Material production and end-of-life become more important Move to lighter weight, higher strength steels
Raw materials Materialproduction
Manufacturing Use phase End of life
Global economic trends
Global growth expected flat in 2013 but developing economies outlook improving
9
Source: Global Insight (January 15, 2013), worldsteel
Global GDP developments (%, Real 2005 USD billions)
2009 2010 2012 2013
EU27 -4.3 2.0 -0.2 0.1NAFTA -3.2 2.6 2.3 1.9S.America -0.3 6.0 2.3 3.3CIS -6.8 4.9 3.6 3.6Africa 2.7 4.7 5.0 4.4Middle East 1.3 5.9 3.3 2.2Asia 1.8 7.7 4.9 4.7Global -1.9 4.2 2.6 2.5
Emerging markets drive steel demand at the margin
2012 another record year for apparent steel use
China’s share of global demand at peak levels
Source: worldsteel
Source: Global Insight & worldsteel
10
0.0
200,000.0
400,000.0
600,000.0
800,000.0
1,000,000.0
1,200,000.0
1,400,000.0
1,600,000.0Developing ex China China Developed
28%
45%
26%
56%
16%
27%
Structure of real GDP & Apparent steel use Developed Developing ex China China
GDP ASC GDP ASC GDP ASC
2000 78% 56% 18% 27% 3.6% 16%
2005 75% 40% 20% 26% 5.0% 33%
2010 70% 24% 22% 31% 7.6% 45%
2012 69% 23% 23% 32% 8.5% 45%
Global apparent steel use (Billions of tonnes, finished)
Other key trends shaping the industry
Demographics and its impact on demand
12
Source: United Nations, worldsteel
Urbanisation trends indicate concentration to larger cities
13
Distribution of urban population by type of city:
1970 2010
Source: United Nations
Urbanisation trends in developing countries contribute to significantly higher steel intensity vis-a-vis developed countries.
While developing countries are less steel intensive in both industrial and consumer goods.
Developing regions more steel intensive in important use sectors
Source: worldsteel
14
Construction Industrial goods Consumer goods0%
10%
20%
30%
40%
50%
60%Developing Developed
What future for the Chinese automotive sector?
15
Volatility of raw materials
16
Steelmaking capacity
Source: OECD
17
Changes in technology
18
The future
Design requirements
20
Efficient and optimised production processes
21
Sustainability must apply over the life cycle of steel- Not possible without supply chain collaboration
22
worldsteel.org