1. Executive Summary
1.1 The Global Steel Market
1.2 Summary of Drivers and Restraints in the Steel Market
1.3 Benefits of this Report
1.4 Highlights of this Report
1.5 Overview of this Report
1.6 The Global Steel Market Forecast 2011-2011
1.6.1 Global Steel Market Forecast 2011-2021
1.6.2 Global Steel Consumption Forecast 2011-2021
1.6.3 Global Steel Production Forecast 2011-2021
1.6.4 Leading Steel Sub-Markets Forecast 2011-2021
1.6.5 Leading Regional Steel Markets Forecast 2011-2021
1.6.6 Leading National Steel Production Analysis
2. Introduction to the Steel Market
2.1 The Steel-Making Process
2.2 Types of Steel
2.3 Types of Finished Steel Products
2.4 An Overview of the Current Steel Market
2.5 Primary Economic Drivers and Restraints in the Steel Market
2.6 Protectionism: A Key Challenge
2.7 Dramatic Changes in the Structure of the Steel Industry
3. The Global Steel Market 2011-2021
3.1 Global Steel Market Forecast 2011-2021
3.2 Global Steel Production Forecast 2011-2021
3.2.1 Regional Steel Production: Short-Term Summary
3.3 Global Steel Consumption Forecast 2011-2021
3.4 Trends Prevailing in the Steel Industry
3.4.1 Steel Prices
3.4.2 Changing Pricing System
3.4.3 The Long View: Demographics & Per Capita Steel Consumption
3.5 Major Steel Consuming Sectors 2011-2021
3.5.1 Automotive Sector
4. Regional Steel Markets and Leading National Markets
4.1 Post-2010 Progress in Steel Production
4.2 Steel Trading Patterns
4.3 Regional Steel Market Forecasts 2011-2021
4.4 Asian Steel Market Forecast 2011-2021
4.4.1 Chinese Steel Market Analysis
4.4.2 Indian Steel Market Analysis
4.4.3 Japanese Steel Market Analysis
4.5 European Steel Market Forecast 2011-2021
4.6 North American Steel Market Forecast 2011-2021
4.6.1 United States Steel Market Analysis
4.6.2 Canadian Steel Market Analysis
4.6.3 Mexican Steel Market Analysis
4.7 CIS Steel Market Forecast 2011-2021
4.7.1 Russian Steel Market Analysis
4.7.2 Ukrainian Steel Market Analysis
4.8 Middle Eastern Steel Market Forecast 2011-2021
4.8.1 UAE Steel Market Analysis
4.8.2 Saudi Arabian Steel Market Analysis
4.8.3 Iranian Steel Market Analysis
4.9 South American Steel Market Forecast 2011-2021
4.9.1 Brazilian Steel Market Analysis
4.10 African Steel Market Forecast 2011-2021
4.10.1 South African Steel Market Analysis
4.10.2 Egyptian Steel Market Analysis
4.11 Oceania Steel Market Forecast 2011-2021
4.11.1 Australian Steel Market Analysis
4.11.2 New Zealand Steel Market Analysis
5. PEST Analysis of the Global Steel Market 2011-2021
5.1 Political Factors
5.1.1 Wave of Government Protectionism
5.1.2 Political Discord within the Eurozone Straightjacket
5.2 Economic Factors
5.2.1 Production Overcapacity
5.2.2 Rising input costs
5.2.3 Sovereign Risk
5.2.4 China Rebalancing
5.3 Social Factors
5.3.1 Environmental Concerns
5.3.2 Major Initiatives to Minimise Environmental Impact
5.4 Technological Factors
5.4.1 Technological Advances in Steel Making
5.4.2 Technological Change Induced by Competition from Aluminium
6. SWOT Analysis of the Global Steel Market 2011-2021
6.1 Strengths
6.1.1 Essential Commodity for Industry
6.1.2 Recyclable in Nature
6.1.3 Inelastic Short-Term Demand
6.2 Weaknesses
6.2.1 Volatile Nature of Steel Prices
6.2.2 Relies Too Heavily on Industrialisation and Urbanisation
6.3 Opportunities
6.3.1 Use of Steel in the Reduction of CO2
6.3.2 Rising Demand from Emerging Economies
6.4 Threats
6.4.1 Maturing Markets
6.4.1 Feasibility of Substitutes
6.4.2 Environmental 'Lobby'
7. Expert Opinion
7.1 Thom Mathisen, Acting Head of Business Area EMEA (Europe, Middle East and Africa), SSAB
7.1.1 SSAB's Focus in the Steel Value Chain
7.1.2 Regions With Strong Steel Demand Growth
7.1.3 The Changed Steel Pricing System
7.1.4 Difficulty in Predicting the Steel Market
7.1.5 Rising Input Costs for Steel
7.1.6 Challenges Facing the Steel Industry
7.2 Gerhard Kuerner, Head of Corporate Communications, Voestalpine
7.2.1 Regions With Steel Demand Growth
7.2.2 Changes in the Steel Pricing System
7.2.3 State Subsidies for Steel Prices
7.2.4 Forecast Growth in Steel Usage
7.2.5 The Advantages of Vertical Integration
7.2.6 Rising Input Costs for Steel
8. Leading Companies in the Steel Market
8.1 Angang Iron and Steel Group Corporation (Ansteel)
8.2 ArcelorMittal
8.3 Baosteel Group Corporation
8.4 Evraz Vitkovice Steel
8.5 JFE Holdings, Inc.
8.6 Gerdau
8.7 Gruppo Riva
8.8 Hyundai Steel
8.9 Jiangsu Shagang Group (Shasteel)
8.10 Nippon Steel Corporation
8.11 Novolipetsk Steel (NLMK)
8.12 Nucor Vulcraft Group
8.13 Pohang Iron & Steel Co, Ltd (POSCO)
8.14 Severstal
8.15 Steel Authority of India (SAIL)
8.16 Sumitomo Metal Industries, Ltd.
8.17 TATA Steel
8.18 Techint Group
8.19 ThyssenKrupp AG
8.20 US Steel Corporation
8.21 Wuhan Iron and Steel (Group) Corporation (WISCO)
9. Conclusion
9.1 The Growth of the Steel Industry: Market Overview
9.2 Global Steel Production and Consumption Forecast 2011-2021
9.3 Global Steel Market Forecast 2011-2021
9.4 Leading Steel Sub-markets Consumption Forecasts 2011-2021
9.5 Leading Regional Steel Markets Forecast 2011-2021
9.6 Drivers and Restraints in the Steel Market 2011-2021
9.7 The Global Steel Market Outlook 2011-2021
10. Glossary
List of Tables
Table 2.1 Types of Steel
Table 2.2 Types of Finished Steel Products
Table 3.1 Global Steel Market Forecast 2011-2021 ($tn, AGR %)
Table 3.2 Global Steel Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.3 Global Steel Production Forecast 2011-2021 (mmt, AGR %)
Table 3.4 Global Steel Production Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.5 Regional Crude Steel Production Share 2011 Vs. 2021 (%)
Table 3.6 Leading National Steel Markets Production Forecast 2011-2021 ($m, AGR %)
Table 3.7 Global Steel Consumption Forecast 2011-2021 (mmt, AGR %)
Table 3.8 Global Steel Consumption Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.9 Composite Steel Price Forecast 2011-2021 ($/mt, AGR%)
Table 3.10 Composite Steel Price Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.11 Global Steel Consumption Forecast by Sector 2011-2021 (mmt, AGR%)
Table 3.12 Global Steel Consumption Forecast by Sector CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.13 Drivers and Restraints in the Global Steel Market 2011-2021
Table 4.1 Total Imports of Steel by Region 2010 (mmt)
Table 4.2 Total Exports of Steel by Region 2010 (mmt)
Table 4.3 Total Net Exports of Steel by Region 2010 (mmt)
Table 4.4 Regional Steel Market Forecasts 2011-2021 ($bn, AGR%)
Table 4.5 Regional Steel Market Share Production 2011, 2016 and 2021 (% Share)
Table 4.6 Asian Steel Market Forecast Summary 2011, 2016 and 2021 ($bn, Rank, % Share, CAGR %, Cumulative)
Table 4.7 Asian Steel Market Forecast 2011-2021 ($bn, AGR %)
Table 4.8 Asian Steel Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.9 Asian Steel Consumption Forecast 2011-2021 (mmt, AGR %)
Table 4.10 Asian Steel Consumption Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.11 Asian Steel Market Production Forecast 2011-2021 (mmt, AGR %)
Table 4.12 Asian Steel Production Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.13 Drivers and Restraints in the Asian Steel Market 2011
Table 4.14 European Steel Market Forecast Summary 2011, 2016 and 2021 ($bn, Rank, % Share, CAGR %, Cumulative)
Table 4.15 European Steel Market Forecast 2011-2021 ($bn, AGR %)
Table 4.16 European Steel Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.17 European Steel Consumption Forecast 2011-2021 (mmt, AGR %)
Table 4.18 European Steel Consumption Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.19 European Steel Production Forecast 2011-2021 (mmt, AGR %)
Table 4.20 European Steel Production Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.21 Drivers and Restraints in the European Steel Market 2011
Table 4.22 North American Steel Market Forecast Summary 2011, 2016 and 2021 ($bn, Rank, % Share, CAGR %, Cumulative)
Table 4.23 North American Steel Market Forecast 2011-2021 ($bn, AGR %)
Table 4.24 North American Steel Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.25 North American Steel Consumption Forecast 2011-2021 (mmt, AGR %)
Table 4.26 North American Steel Consumption Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.27 North American Steel Production Forecast 2011-2021 (mmt, AGR %)
Table 4.28 North American Steel Production Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.29 Drivers and Restraints in the North American Steel Market 2011
Table 4.30 CIS Steel Market Forecast Summary 2011, 2016 and 2021 ($bn, Rank, % Share, CAGR %, Cumulative)
Table 4.31 CIS Steel Market Forecast 2011-2021 ($bn, AGR %)
Table 4.32 CIS Steel Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.33 CIS Steel Consumption Forecast 2011-2021 (mmt, AGR %)
Table 4.34 CIS Steel Consumption Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.35 CIS Steel Production Forecast 2011-2021 (mmt, AGR %)
Table 4.36 CIS Steel Production Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.37 Drivers and Restraints in the CIS Steel Market 2011
Table 4.38 Middle Eastern Steel Market Forecast Summary 2011, 2016 and 2021 ($bn, Rank, % Share, CAGR %, Cumulative)
Table 4.39 Middle Eastern Steel Market Forecast 2011-2021 ($bn, AGR %)
Table 4.40 Middle Eastern Steel Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.41 Middle Eastern Steel Consumption Forecast 2011-2021 (mmt, AGR %)
Table 4.42 Middle Eastern Steel Consumption Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.43 Middle Eastern Steel Production Forecast 2011-2021 (mmt, AGR %)
Table 4.44 Middle Eastern Steel Production Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.45 Drivers and Restraints in the Middle Eastern Steel Market 2011
Table 4.46 South American Steel Market Forecast Summary 2011, 2016 and 2021 ($bn, Rank, % Share, CAGR %, Cumulative)
Table 4.47 South American Steel Market Forecast 2011-2021 ($bn, AGR %)
Table 4.48 South American Steel Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.49 South American Steel Consumption Forecast 2011-2021 (mmt, AGR %)
Table 4.50 South American Steel Consumption Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.51 South American Steel Production Forecast 2011-2021 (mmt, AGR %)
Table 4.52 South American Steel Production Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.53 Drivers and Restraints in the South American Steel Market 2011
Table 4.54 African Steel Market Forecast Summary 2011, 2016 and 2021 ($bn, Rank, % Share, CAGR %, Cumulative)
Table 4.55 African Steel Market Forecast 2011-2021 ($bn, AGR %)
Table 4.56 African Steel Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.57 African Steel Consumption Forecast 2011-2021 (mmt, AGR %)
Table 4.58 African Steel Consumption Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.59 African Steel Production Forecast 2011-2021 (mmt, AGR %)
Table 4.60 African Steel Production Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.61 Drivers and Restraints in the African Steel Market 2011
Table 4.62 Oceania Steel Market Forecast Summary 2011, 2016 and 2021 ($bn, Rank, % Share, CAGR %, Cumulative)
Table 4.63 Oceania Steel Market Forecast 2011-2021 ($bn, AGR %)
Table 4.64 Oceania Steel Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.65 Oceania Steel Consumption Forecast 2011-2021 (mmt, AGR %)
Table 4.66 Oceania Steel Consumption Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.67 Oceania Steel Production Forecast 2011-2021 (mmt, AGR %)
Table 4.68 Oceania Steel Production Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.69 Drivers and Restraints in the Oceania Steel Market 2011
Table 5.1 PEST Analysis of the Global Steel Market 2011-2021
Table 6.1 SWOT Analysis of the Global Steel Market 2011-2021
Table 8.1 Production of Leading Steel Companies 2010 (mmt)
List of Figures
Figure 1.1 Regional Steel Production Share 2011 (%)
Figure 1.2 Leading Countries Steel Production 2007-2011 (mmt)
Figure 2.1 Pictorial Presentation of Steel-Making Process
Figure 2.2 Global Crude Steel Production 2009-2011 (mmt)
Figure 2.3 Historical and Projected Average Growth Rate of Steel Production 1970-2020 (%)
Figure 3.1 Leading National Steel Producers in Historical Perspective (Rate of Growth, %)
Figure 3.2 Global Steel Market Forecast 2011-2021 ($tn)
Figure 3.3 Global Steel Production Forecast 2011-2021 (mmt)
Figure 3.4 Regional Crude Steel Production 2010 vs. 2011 (mmt)
Figure 3.5 Regional Crude Steel Production Share 2011 (%)
Figure 3.6 Regional Crude Steel Production Share 2021 (%)
Figure 3.7 Global Steel Consumption Forecast 2011-2021 (mmt)
Figure 3.8 Composite Steel Price Forecast 2011-2021 ($/mt)
Figure 3.9 Steel Consumption Per Capita in Advanced Economies 2004-2011 (mmt per capita)
Figure 3.10 Steel Consumption Per Capita in Emerging Economies 2004-2011 (mmt per capita)
Figure 3.11 Steel Consumption in China by Sector 2010 (% Share)
Figure 3.12 Steel Consumption in China by Sector 2021 (% Share)
Figure 3.13 Global Steel Consumption by Sector 2011 (% Share)
Figure 3.14 Global Steel Consumption by Sector 2021 (% Share)
Figure 4.1 Regional Steel Market Forecast CAGR 2011-2021 (CAGR %)
Figure 4.2 Regional Steel Market Share 2011 (% Share)
Figure 4.3 Regional Steel Market Share 2016 (% Share)
Figure 4.4 Regional Steel Market Share 2021 (% Share)
Figure 4.5 Asian Steel Market Share Forecast 2011, 2016 and 2021 (% Share)
Figure 4.6 Asian Steel Market Forecast 2011-2021 ($bn)
Figure 4.7 Asian Steel Consumption Forecast 2011-2021 (mmt)
Figure 4.8 Asian Steel Production Forecast 2011-2021 (mmt)
Figure 4.9 European Steel Market Share Forecast 2011, 2016 and 2021 (% Share)
Figure 4.10 European Steel Market Forecast 2011-2021 ($bn)
Figure 4.11 European Steel Consumption Forecast 2011-2021 (mmt)
Figure 4.12 European Steel Production Forecast 2011-2021 (mmt)
Figure 4.13 North American Steel Market Share Forecast 2011, 2016 and 2021 (% Share)
Figure 4.14 North American Steel Market Forecast 2011-2021 ($bn)
Figure 4.15 North American Steel Consumption Forecast 2011-2021 (mmt)
Figure 4.16 North American Steel Production Forecast 2011-2021 (mmt)
Figure 4.17 North American Market Sectoral Steel Use 2010 (% Share)
Figure 4.18 CIS Steel Market Share Forecast 2011, 2016 and 2021 (% Share)
Figure 4.19 CIS Steel Market Forecast 2011-2021 ($bn)
Figure 4.20 CIS Steel Consumption Forecast 2011-2021 (mmt)
Figure 4.21 CIS Steel Production Forecast 2011-2021 (mmt)
Figure 4.22 Middle Eastern Steel Market Share Forecast 2011, 2016 and 2021 (% Share)
Figure 4.23 Middle Eastern Steel Market Forecast 2011-2021 ($m)
Figure 4.24 Middle Eastern Steel Consumption Forecast 2011-2021 (mmt)
Figure 4.25 Middle Eastern Steel Production Forecast 2011-2021 (mmt)
Figure 4.26 South American Steel Market Share Forecast 2011, 2016 and 2021 (% share)
Figure 4.27 South American Steel Market Forecast 2011-2021 ($bn)
Figure 4.28 South American Steel Consumption Forecast 2011-2021 (mmt)
Figure 4.29 South American Steel Production Forecast 2011-2021 (mmt)
Figure 4.30 African Steel Market Share Forecast 2011, 2016 and 2021 (% Share)
Figure 4.31 African Steel Market Forecast 2011-2021 ($bn)
Figure 4.32 African Steel Consumption Forecast 2011-2021 (mmt)
Figure 4.33 African Steel Production Forecast 2011-2021 (mmt)
Figure 4.34 Sectoral Composition of South African Steel Consumption 2010 (% Share)
Figure 4.35 Oceania Steel Market Share Forecast 2011, 2016 and 2021 (% Share)
Figure 4.36 Oceania Steel Market Forecast 2011-2021 ($bn)
Figure 4.37 Oceania Steel Consumption Forecast 2011-2021 (mmt)
Figure 4.38 Oceania Steel Production Forecast 2011-2021 (mmt)
Figure 8.1 Leading 20 Steel Companies Production Share 2010 (% Share)