Professional Documents
Culture Documents
Kimjut Steel
Kimjut Steel
Steelmaking raw
materials: market and
policy developments
DSTI/SU/SC(2012)1
72nd Steel Committee Meeting
Paris
31 May-1 June 2012
1
01-Jun-2012
2
01-Jun-2012
500
400
300
200
100
0
2004Q1 2005Q1 2006Q1 2007Q1 2008Q1 2009Q1 2010Q1 2011Q1 2012Q1
3
01-Jun-2012
4
01-Jun-2012
500
450
400
Iron Ore(Fe63.5%) IN CIF
350 China $/MT
300
Prime Coking Coal CH
CIF U$/MT Aust
250
100
60
50
40
30
20
10
0
1850 1870 1890 1910 1930 1950 1970 1990 2010 2030
Europe USA China USSR/CIS Australia/Canada 6 resource rich developing countries
Source: RMG
5
01-Jun-2012
Iron ore
Iron ore production and reserves* by country, 2010
Million metric tonnes
Coking coal
Coking coal production and reserves*, 2010
Million metric tonnes
6
01-Jun-2012
Ferrous scrap
Steel scrap generation, 2010
Million metric tonnes
Iron ore
Iron ore exports and imports, 2010
Million metric tonnes
Source: UNCTAD.
7
01-Jun-2012
Coking coal
Coking coal exports and imports, 2010
Million metric tonnes
Source: IEA.
Ferrous scrap
Ferrous scrap exports and imports including intra-EU trade, 2010
Million metric tonnes
8
01-Jun-2012
Production/resources of steel RM
9
01-Jun-2012
Production/resources of steel RM
Raw materials are not scarce in the physical sense.
Reserves of most steelmaking raw materials are sufficient to
ensure tens of years of supply at current production rates.
Should raw materials become in short supply, higher prices
would encourage the increase of reserves.
But, their extraction is not always desirable, e.g. for
environmental reasons.
But market factors and restrictive policies can
cause significant supply disturbances for
steelmakers in the short term.
10
01-Jun-2012
11
01-Jun-2012
Notes: OP denotes open pit mine, exp/feasib denotes expansion feasibility, and
exp/plans denote expansion plans.
Notes: OP denotes open pit mine, UG denotes underground mine, exp/feasib denotes
expansion feasibility, and exp/plans denote expansion plans.
12
01-Jun-2012
9 Mobilising mining and infrastructure To increase the level of investment flows into mining and
investment infrastructure projects to support broad socio-economic
development.
The 2nd annual African Union Conference of Ministers Responsible
for Mineral Resources Development in December 2011
13
01-Jun-2012
14