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INTEGRATED STEELMAKERS TO TAKE LARGER SHARE OF OUTPUT IN THE FUTURE
04 March 2005 - MEPS (International)
| MEPS (International) forecasts that world output will increase for the two main categories of steel manufacturing in its updated report 'Global Iron & Steel Production to 2008'. However, oxygen steelmaking will take a greater percentage of the total in 2008. Whilst electric and other processes will continue to slip. |
MEPS (International) forecasts that world output will increase for the two main categories of steel manufacturing in its updated report 'Global Iron & Steel Production to 2008'. However, oxygen steelmaking will take a greater percentage of the total in 2008. Whilst electric and other processes will continue to slip. Oxygen steelmaking is forecast to take almost 65 percent of the world's supply in 2008 - up from 63.3 percent in 2003. This represents an increase of almost 142 million tonnes in the five year time span - to 752.3 million tonnes. MEPS states that most of the new capacity planned for the near term uses the blast furnace/converter route because it best suits the local facilities in many of the expanding steel manufacturing countries - particularly in Asia, former USSR and Brazil. Global and electric melting will rise in the period to 2008 by approximately 50 million tonnes but this will still represent a decrease in the proportion of the world total from around 33 percent in 2003 to below 32 percent in 2008 says MEPS. Many of the countries which are expected to grow their steelmaking have a shortage of electricity to meet current domestic power requirements. Steelmaking by other processes is likely to decline marginally and therefore, the world percentage will fall from 3.7 to 3.3 percent over the five years, to 2008. Several of the obsolescent plants in this category will be replaced by new facilities. World Steel Making by Process
(million tonnes)
Region Oxygen Electric Other
2002 2003 2008 2002 2003 2008 2002 2003 2008
European Union 25 111.3 113.9 121.5 69.2 69.5 76.1 0.5 0.5 0
European Union 15 93.5 95.1 101.3 65.1 65.1 70.6 0 0 0
Other Europe 11.4 12.2 14.7 15 16.2 20.7 0 0 0
Former USSR 58.2 61.2 69.2 12.7 13.4 15.2 30 31.9 35.7
NAFTA 61.1 60.3 68.5 62.8 62.5 71.3 0 0 0
South America 26.8 28.5 34.4 13.9 14.5 17.1 0 0 0
Africa 7 7.2 7.9 8.8 9.1 10.3 0 0 0
Middle East 2.1 2.3 2.9 10.3 11.1 15 0 0 0
PR China 152 184.1 285.4 30.3 36.8 52.5 0 0 0
Japan 79.3 81.3 82.9 28.5 29.2 29.7 0 0 0
Other Asia 50.5 52.9 57.9 51.7 55.1 60.1 1.8 2 2.2
Oceania 6.7 6.7 7 1.6 1.6 1.6 0 0 0
WORLD TOTAL 566.5 610.6 752.3 304.8 319 369.6 32.2 34.4 37.9
Totals may not be arithmetically correct because of rounding
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About: MEPS (International)
MEPS (International) LTD is a leading consultancy company operating in the steel sector worldwide. The organisation was formed in 1979. Over the years we have undertaken a wide range of studies covering all aspects of the global steel scene. Our independence is the cornerstone of the business.The steel industry is the nucleus of our business. From the core activity we provide a range of services and advice to clients through our multi-disciplinary team of consultants. The areas in which our organisation has built up considerable expertise are highlighted below: Steel Market Prices
Steel Market Trends
Steel Market Distribution
Steel Manufacturing Costs
Technological Trends in Manufacture
Raw Materials
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