CIS export: directions, prices

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CIS export directions, prices
CIS Eastern Europe Steel In The World
Markets Kiev, 13-15 april 2008
Anton Bobanev World Market Expert Metal Expert
www.metalexpert-group.com
2

• World Steel Markets
• analysis of steel markets and raw materials
• Far East, Middle East, CIS countries, USA, EU
• forecasts

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3
Forecast

• Global factor
• weakening position of US as a savings instrument
• Local factors
• seasonal
• - weakening of construction activity in the
  Middle East (Aug-Sep)
• - the Olympic Games in China (Aug)
• vacation period in the USA EU (Jul-Aug)
• excessive stock-building during a price growth

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4
Changes in commodity structure of the global
steel product market in 2007
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5
CIS share in the global steel product and raw
material market in 2007, mt
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Largest steel product importing regions in 2007,
mt
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7
Production got stable, consumption is on the rise
in China
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8
Growth of raw material production costs is not
always accompanied by increase of steel product
prices
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9
Consumer confidence index lowering in the USA and
the EU
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10
Growth rates of re-rollers' margin are lower than
those of raw material prices
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11
Forecast

• Global factor
• weakening position of US as a savings instrument
• Local factors
• seasonal
• - weakening of construction activity in the
  Middle East (Aug-Sep)
• - the Olympic Games in China (Aug)
• vacation period in the USA EU (Jul-Aug)
• excessive stock-building during a price growth

www.metalexpert-group.com