Analyst Meet Third Quarter – 2005-06. Contents Operations Financials Outlook Industry Company.
Transcript of Analyst Meet Third Quarter – 2005-06. Contents Operations Financials Outlook Industry Company.
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Analyst MeetThird Quarter 2005-06
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ContentsOperationsFinancialsOutlookIndustryCompany
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Operations highlights Volume growth of 5.5% in crude steel and 18% in galvanised products
Converter life crosses 9500 heats
Blast furnace production 72,000 MT in Dec-05
Average Coke price $ 180 / ton vs $ 250 / ton in the previous quarter
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Operations highlights contd./..Significant reduction in fuel rate consumption as compared to the previous quarter
Channel financing facility for dealers
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Operations Production Q3 (In mln. tons)
Chart6
0.9480.9610.942
0.5390.570.553
0.5060.5330.549
0.1750.2060.203
Q3, 05
Q3, 06 Current quarter
Q2, 06
Sheet5
Results Q3
Q3, 06Q3, 05Q2, 06
Goss sales164318211688
Net sales151817151540
EBIDTA438591393
EBIDTA Margin29%34%26%
Interest9011699
Depreciation118105126
Profit before tax231369168
Profir after tax139225106
EPS:
- Basic9177
- Diluted8156
Upto Dec. 05Upto Dec, 04
Goss sales50314744
Net sales45974497
EBIDTA13381493
EBIDTA Margin29%33%
Interest279362
Depreciation351315
Profit before tax709813
Profir after tax446466
EPS:
- Basic2934
- Diluted2731
pdtn 9 mth vol
ProductionUpto Dec, 04Upto Dec, 05
Pellets2.6252.811
Crude steel1.3171.655
HR Coils / sheets1.2411.594
GP / GC0.5040.569
SalesUpto Dec, 04Upto Dec, 05
Pellets0.5760.382
HR Coils / sheets0.6830.877
GP / GC0.4970.541
pdtn 9 mth vol
00
00
00
Upto Dec, 04
Upto Dec, 05
cost curve
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00
Upto Dec, 04
Upto Dec, 05
Sheet2
RankCountry (source WSD June 2005 report)Average operating cost($/ton)
1Russia250
2Brazil266
3India266
4China335
5USA343
6Taiwan353
7South Korea362
8E. Europe363
9Canada365
10Australia375
11Japan378
12USA388
13Europe445
Sheet2
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0
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0
0
Average operating cost($/ton)
Sheet4
Sheet1
MEPS - ASIAND class=main12 vAlign=top align=left width=912>
MEPS - ASIAN CARBON STEEL PRODUCT PRICE INDEX - WITH INDIVIDUAL PRODUCT FORECASTS
(Based on US$ values)
JAN 1997 = 100
All tables and forecasts are updated monthly.
DateHot Rolled CoilHot Rolled PlateCold Rolled CoilHD Galv. Coil*Wire Rod (mesh)Structural Sections & BeamsReinforcing Bar
Nov-03102.496.795.288.889.392.797.4
Dec102.496.795.489.789.393.598.7
Jan-04104.8102.596.794.694.5101.2104.3
Feb111.8104.9101.198.6109.8111.6120.5
Mar128.7119.3108.9104.4121.7118.4135.3
Apr136.6127115110.5124.8124138
May137.8128.6112110.7120.5121.1134.3
Jun134.1127.2111.1110.7119.3119.1128.1
Jul139.9130.2114.8111.6119.3118.2130
Aug138.4128.6113.5110118116.7128.7
Sep149.8137.3120.3115.2122.6118.6133.3
Oct151.1138.1123.5115.8124.2119.6140.3
Nov155.9144.7130.7123.1126.3122.8143.2
Dec161.9149.9135.7128.5127.8125.7146.5
Jan-05167.1153.7143.4129.4126.3127.4142.9
Feb167.4155149.5133.3130.3126.6146.9
Mar174.6162.9155.3139.2136.7128.1150.8
Apr174162.7154.2134.7132.4127.1146.9
May175.5164.9155.6138133127.8146.5
Jun162.2156.9144.9130.8127.5124.5133.3
Jul148149136.8121.9121.7117.4127.7
Aug150.2151.2138.8123.8123.9119.1129.7
Sep144.4146.6133.6121.9123.5120.8134
Oct135.3141.7125.7116.8119.9118.6135
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pdtnQ3 vol
DateHot Rolled CoilHot Rolled PlateCold Rolled CoilHD Galv. CoilElectro Zinc=53>HD Galv. CoilElectro Zinc CoilWire Rod (mesh)Structural Sections & BeamsRebarMerchant Bar
Nov-03343361427490475315390318342
Dec354367434502488323403327353
Jan-04386400474546524348443355391
Feb414432501573547396482404422
Mar474506563650631479544503511
Apr513540596682654498585517543
May549575614706681498594511547
Jun571602649739715492591496541
Jul585633665754736483584474535
Aug580627659747728478578470530
Sep640704709796768494616511546
Oct644717723799779500633508547
Nov653734735824808511651510562
Dec648750737830823512667510566
Jan-05650756746824828494651493539
Feb635740739809815489634486528
Mar638753750818834487632478529
Apr619744725788814474615468517
May598729706766811472606464513
Jun545696649720769433566426487
Jul493655599674727422536420469
Aug503668611687738428547428479
Sep518680621705728474608483531
Oct517676615698709472614484535
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Note:- Prices are an arithmetic average of the low transaction values identified in three regions (EU, Asia, and North America), converted into US dollars.
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Demand
ProductionQ3, 05Q3, 06 Current quarterQ2, 06
Pellets0.9480.9610.942
Crude steel0.5390.5700.553
HR Coils / sheets0.5060.5330.549
GP / GC0.1750.2060.203
SalesQ3, 05Q3, 06 Current quarterQ2, 06
Pellets0.1920.1210.149
HR Coils / sheets0.2900.2780.321
GP / GC0.1650.2040.207
Demand
000
000
000
000
Q3, 05
Q3, 06 Current quarter
Q2, 06
price & production
IISI apparent steel demand forecast
20052006200420052006
Africa2021World9719981050
Middle East2931Asia Pacific502534570
Cntral and South america3336534570
CIS4548
NAFTA145149
Europe190198
Asia Pacific534570
World998965
price & production
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2005
2006
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World
Asia Pacific
MarchAprilMayJuneJulyAugustSeptemberOctoberNovember
200520052005200520052005200520052005
European Union (25)16.416.016.215.514.413.215.016.415.9
Other Europe2.42.42.42.42.32.52.52.52.4
C.I.S.9.79.49.68.18.49.38.89.19.6
North America11.010.811.110.010.210.510.510.710.3
South America3.93.93.93.63.73.83.63.83.8
Africa1.51.51.61.61.61.51.51.51.4
Middle East1.21.21.31.21.21.21.21.21.3
Asia/Oceania (ex. China)19.218.719.618.719.319.018.619.718.9
Total Above65.364.065.761.261.161.061.864.963.6
China27.528.129.728.529.230.530.431.730.5
MonthMarch, 05April, 05May, 05June, 05July, 05August, 05September, 05October, 05November, 05
Total 61 countries92.992.195.489.790.391.492.196.694.1
China27.528.129.728.529.230.530.431.730.5
MonthMarch, 05April, 05May, 05June, 05July, 05August, 05September, 05October, 05November, 05
Total 61 countries92.992.195.489.790.391.492.196.694.1
Prices638619598545493503518517
MonthMar, 05Apr, 05May, 05Jun, 05Jul, 05Aug, 05Sep, 05Oct, 05Nov, 05
Prices(World)638619598545493503518517
Prices(India)812839824782736679682675678
Jan-05167.1
Feb167.4
Mar174.6
Apr174
May175.5
Jun162.2
Jul148
Aug150.2
Sep144.4
Oct135.3
92.8587
92.0679
95.3911
89.7308
90.3196
91.434
92.1211
96.6068
94.1116
Total 61 countries
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0
0
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0
0
0
0
Prices(World)
92.858727.5439
92.067928.0858
95.391129.7296
89.730828.5474
90.319629.2438
91.43430.4563
92.121130.3571
96.606831.6729
94.111630.4776
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Total 61 countries
China
92.8587638
92.0679619
95.3911598
89.7308545
90.3196493
91.434503
92.1211518
96.6068517
94.1116November, 05
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Total 61 countries
Prices
167.1
167.4
174.6
174
175.5
162.2
148
150.2
144.4
135.3
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00
00
00
00
00
00
00
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Prices(World)
Prices(India)
MBD0004CD6F.xls
Chart2
8.27214.33216.26625.095
7.39213.23815.10624.806
8.12114.3416.40427.544
7.95214.12115.96728.086
8.08214.26216.17629.73
7.2513.72215.45128.547
7.55712.75614.40629.244
7.7411.57713.16430.456
7.7913.27414.98430.357
8.00414.5116.40431.673
7.713.8515.89330.479
USA
EU-15
EU-25
CHINA
COUNTRYWISE CRUDE STEEL PROD. (MnT)
CHINA CRUDE STEEL PROD. (MnT)
WORLD STEEL PROD. TREND (2)
USAEU-15EU-25CHINAWORLD
JAN-05$8$14$16$25$90
FEB-05$7$13$15$25$84
MAR-05$8$14$16$28$93
APR-05$8$14$16$28$92
MAY-05$8$14$16$30$95
JUN-05$7$14$15$29$90
JUL-05$8$13$14$29$90
AUG-05$8$12$13$30$91
SEPT-05$8$13$15$30$92
OCT-05$8$15$16$32$97
NOV-05$8$14$16$30$94
WORLD STEEL PROD. TREND (2)
0
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0
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0
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0
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WORLD
GLOBAL CRUDE STEEL PROD. (MnT)
WORLD STEEL PROD. TREND (1)
USAEU-15EU-25CHINAWORLD
JAN-05$8$14$16$25$90
FEB-05$7$13$15$25$84
MAR-05$8$14$16$28$93
APR-05$8$14$16$28$92
MAY-05$8$14$16$30$95
JUN-05$7$14$15$29$90
JUL-05$8$13$14$29$90
AUG-05$8$12$13$30$91
SEPT-05$8$13$15$30$92
OCT-05$8$15$16$32$97
NOV-05$8$14$16$30$94
WORLD STEEL PROD. TREND (1)
0000
0000
0000
0000
0000
0000
0000
0000
0000
0000
0000
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USA
EU-15
EU-25
CHINA
COUNTRYWISE CRUDE STEEL PROD. (MnT)
WORLD CRUDE STEEL PROD. (MnT)
USA_DOM. SHIPMENTS
US SHIPMENTS
JAN-OCT, 2005 v/s 2004
SEGMENT%-VAR
AUTO2.5%
CONSTRUCTION3.3%
OIL & GAS7.4%
STOCKISTS-7.5%
IND. EQUIP.-3.0%
WHITE-GOODS-3.7%
CAN / CONTAINERS-15.5%
ELECT. EQUIP.-5.5%
TOTAL-9.2%
USA_DOM. SHIPMENTS
0
0
0
0
0
0
0
0
0
%-VAR
%-VAR._JAN-OCT, 2005 SHIPMENTS (Y-O-Y)
India_GDP
2004-05Q-1, 2005-06Q-2, 2005-06
AGRICULTURE1.12.02.0
INDUSTRY7.79.77.5
SERVICE8.99.810.1
TOTAL6.98.18.0
India_GDP
0000
0000
0000
AGRICULTURE
INDUSTRY
SERVICE
TOTAL
%-VARIANCE
CIS EXPORT PRICES
CIS : EXPORT PRICES FOR SHIPMENT AS OF 28TH NOV-05
(Price in USD / mt)
PRODUCTSIZE (MM)UKRAINE_FOB BLACK SEARUSSIA_FOB BLACK SEARUSSIA_FOB FAR EAST
HRC2 - 8335-350365-370330-350
REBAR12 - 25350-365350-365340-345
WIRE-ROD6.5 - 8350-360350-360330-350
BILLET100 - 150290-300300-310315-320
world_capacity_proj.
GLOBAL : SURPLUS CAPACITY
(Qty's in Mt)
20052004200520042004200520042005 (E)%-VAR.2010 (P)%-CAGR_2005 v/s 2010
DEMANDN.A.N.A.0.050.12971N.A.N.A.9982.8%12073.9%
PRODUCTION2.852.350.960.091057-1053.190.0011256.4%13603.9%
CAPACITY7.085.480.230.101184-1176.680.0012505.6%16005.1%
SURPLUS CAPACITY1.671.410.560.38127-124.770.00125-1.6%24013.9%
&L&F&CPage &P of &N&R&A
china_Oct-05 (2)
CHINA
(Qty's in mt)
OCTOBERJANUARY - OCTOBER
OUTPUTIMPEXPAPP. CONSUMP.NET IMPORTEXPNET IMPORT
20052004200520042005200420052004200520042005200420052004
SEMISN.A.N.A.0.050.120.160.69N.A.N.A.0.110.576.143.52-5.010.20
M / H PLATES2.852.350.960.090.270.243.552.20-0.690.153.391.43-2.181.99
HR_STRIPS7.085.480.230.100.060.167.265.42-0.180.061.341.041.261.74
CR1.671.410.560.380.030.062.211.73-0.54-0.320.460.385.545.64
GP0.600.500.320.270.030.070.890.69-0.29-0.190.630.332.713.38
CC0.120.110.030.030.010.010.150.13-0.03-0.020.070.040.260.39
ELECT. STEEL0.240.150.080.120.010.010.310.27-0.07-0.120.080.070.961.33
STEEL PRODUCTS33.1026.771.931.631.341.5133.6926.89-0.59-0.1217.1510.144.7915.42
TOTAL STEEL / SEMISN.A.N.A.1.981.751.502.20N.A.N.A.-0.480.4523.2913.66-0.2215.62
COKE20.3316.860.000.000.821.6819.5115.190.8207641.67717710.6112.05-10.61-12.05
IRON ORE38.2728.2222.2716.330.000.0060.5544.55-22.274-16.3318010.000.00221.21167.40
&L&F&CPage &P of &N&R&A
china_Jan-Oct, 2005 (2)
CHINA
PERIOD : JAN-OCT(Qty's in mt)
OUTPUTIMPEXPAPP. CONSUMP.NET IMPORT
2005200420052004200520042005200420052004
SEMISN.A.N.A.1.133.726.143.52N.A.N.A.-5.010.20
M / H PLATES25.8221.581.213.423.391.4323.6423.57-2.181.99
HR_STRIPS65.2646.502.602.781.341.0466.5248.241.261.74
CR16.2612.536.006.020.460.3821.8118.175.545.64
GP4.453.403.343.710.630.337.166.782.713.38
CC1.360.900.330.430.070.041.621.290.260.39
ELECT. STEEL1.981.361.041.400.080.072.942.680.961.33
STEEL PRODUCTS301.92240.2821.9325.5617.1510.14306.70255.694.7915.42
TOTAL STEEL / SEMISN.A.N.A.23.0629.2823.2913.66N.A.N.A.-0.2215.62
COKE188.76148.710.000.0010.6112.05178.15136.66-10.61-12.05
IRON ORE318.96243.89221.21167.400.000.00540.16411.29221.21167.40
&L&F&CPage &P of &N&R&A
china_Oct-05
CHINA
(Qty's in mt)
OCTOBER(Qty's in mt)JANUARY - OCTOBER
OUTPUTIMPEXPAPP. CONSUMP.NET IMPORTOUTPUTAPP. CONSUMP.
20052004200520042005200420052004200520042005200420052004
SEMISN.A.N.A.0.050.120.160.69N.A.N.A.0.110.57N.A.N.A.N.A.N.A.
M / H PLATES2.852.350.960.090.270.243.552.20-0.690.1525.8221.5823.6423.57
HR_STRIPS7.085.480.230.100.060.167.265.42-0.180.0665.2646.5066.5248.24
CR1.671.410.560.380.030.062.211.73-0.54-0.3216.2612.5321.8118.17
GP0.600.500.320.270.030.070.890.69-0.29-0.194.453.407.166.78
CC0.120.110.030.030.010.010.150.13-0.03-0.021.360.901.621.29
ELECT. STEEL0.240.150.080.120.010.010.310.27-0.07-0.121.981.362.942.68
STEEL PRODUCTS33.1026.771.931.631.341.5133.6926.89-0.59-0.12301.92240.28306.70255.69
TOTAL STEEL / SEMISN.A.N.A.1.981.751.502.20N.A.N.A.-0.480.45N.A.N.A.N.A.N.A.
COKE20.3316.860.000.000.821.6819.5115.190.8207641.677177188.76148.71178.15136.66
IRON ORE38.2728.2222.2716.330.000.0060.5544.55-22.274-16.331801318.96243.89540.16411.29
&L&F&CPage &P of &N&R&A
china_Jan-Oct, 2005
CHINA
PERIOD : JAN-OCT(Qty's in mt)(Qty's in mt)
OUTPUTIMPEXPAPP. CONSUMP.NET IMPORT
2005200420052004200520042005200420052004
SEMISN.A.N.A.1.133.726.143.52N.A.N.A.-5.010.20
M / H PLATES25.8221.581.213.423.391.4323.6423.57-2.181.99
HR_STRIPS65.2646.502.602.781.341.0466.5248.241.261.74
CR16.2612.536.006.020.460.3821.8118.175.545.64
GP4.453.403.343.710.630.337.166.782.713.38
CC1.360.900.330.430.070.041.621.290.260.39
ELECT. STEEL1.981.361.041.400.080.072.942.680.961.33
STEEL PRODUCTS301.92240.2821.9325.5617.1510.14306.70255.694.7915.42
TOTAL STEEL / SEMISN.A.N.A.23.0629.2823.2913.66N.A.N.A.-0.2215.62
COKE188.76148.710.000.0010.6112.05178.15136.66-10.61-12.05
IRON ORE318.96243.89221.21167.400.000.00540.16411.29221.21167.40
&L&F&CPage &P of &N&R&A
iNDIA_Auto
PRODUCTION
PERIOD : JAN - NOV
CATEGORY
20042005%-VAR.
PASSENGER VEHICLES785$840$(55)7%
MED. / HVY. COMML. VEHICLES$130$108$22-17%
LIGHT COMML. VEHICLES$84$139$(55)65%
TOTAL AUTOMOBILE (4-WH.)$999$1,087$(88)9%
2 & 3 - WHEELERS$4,478$5,266$(788)18%
$5,477$6,35316%
iNDIA_Auto
000
000
000
000
000
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2004
2005
%-VAR.
PRODUCTION ('000 UNITS)
%-VARIANCE
us_IMP._COATED
INDIA-US
20002001200220032004JAN-SEPT, 2004JAN-SEPT, 2005
TOTAL186154206157277251228
INDIA243116545126
%-SAHRE1%3%15%10%20%20%12%
us_IMP._COATED
000
000
000
000
000
000
000
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TOTAL
INDIA
%-SAHRE
US_COATED STEEL_AVG. MTHLY IMPORTS ('000 mt)
%-SHARE OF COATED STEEL IMPORTS FROM INDIA
India-Exp-US_Jan-Oct-05
Indian exports to US ---- Qty. in Metric Tonnes (2005)
5-Jan5-Feb5-Mar5-Apr5-May5-Jun5-Jul5-Aug5-Sep5-OctTotal 2005
1Semis20.4818.129.516.449.5612.44089.122.770.91239.28
2Plates in Coils..........0
3Sheets Hot Rolled88.4123405.64,034946.4432.1....6,030
4CR1,6091,5466467785918357781,2357041,91010,632
5Sheets & Strip Galv Hot Dipped26,18327,20042,16247,66730,75223,9392,02427,3169,23028,294264,767
6Sheets & Strip All Other Metalic Coat..246.9......295.2542
7Electrical SteelNot Available
8Bars-Hot rolled681.1369.2281.9471.9336.5220.7349.7322.9211.15493,794
9Bars-Cold Finished1,1231,2511,4501,2601,7609261,2451,1241,2011,03912,379
10Total Bars1,8041,6201,7321,7322,0971,1471,5951,4471,4121,58816,173
11Bars-Reinforcing42.8........4386
12Wire Rods.52.134.933.518.334.817.5...191
13Standard Pipe6,5092,5312,3022,588827.22,2881,1262,1031,0943,91225,280
All Products44,17940,21655,10361,04443,04573,0609,89836,45039,49943,170445,664
Coated_Jan-Oct, 20041109801193381921801921802195062331163160813454013697653541133262302,778,890
All Products
Sheets & Strip Galv Hot Dipped
Standard Pipe
Bars-Cold Finished
Sheets Hot Rolled
Bars-Hot rolled
Wire Rods
Plates in Coils
Bars-Reinforcing
Sheets & Strip All Other Metalic Coat
US_Imp_NOV, 2005
US DATA
Y-O-Y
NOV-04NOV-05 (P)% Var
1Semis686421-39%
2Plates204135-34%
3HR439211-52%
4CR297160-46%
5HDG299180-40%
6Electrical Steel106-44%
7Hot Rolled Bars121105-13%
8Rebars1531594%
9Wire-Rods203109-46%
10Total Steel31152145-31.1%
-970
-31%
US_Imp_NOV, 2005
00
00
00
00
00
00
00
00
00
NOV-04
NOV-05 (P)
US_Imp_Jan-Nov, 2005
US DATA
Y-O-Y
JAN-NOV, 2004JAN-NOV, 2005% Var
1Semis62275564-11%
2Plates172117653%
3HR36752632-28%
4CR21901719-22%
5HDG23941889-21%
6Electrical Steel7370-5%
7Hot Rolled Bars14501388-4%
8Rebars17001188-30%
9Wire-Rods31522116-33%
10Total Steel2983226439-11.4%
-3393
-11%
0-970
0-0
US_Imp_Jan-Nov, 2005
00
00
00
00
00
00
00
00
00
JAN-NOV, 2004
JAN-NOV, 2005
US_Imp_Jan-OCT, 2005_W.S.
US DATA
Y-O-Y
Jan-Oct-04Jan-Oct-05% Var
1Semis55415142-7%
2Plates151616297%
3HR32352421-25%
4CR18921559-18%
5HDG20951708-18%
6Electrical Steel63641%
7Hot Rolled Bars13291283-3%
8Rebars15471029-33%
9Wire-Rods29492007-32%
10Total Steel2671624294-9%
0-970
0-0
USD-INR_Sept_Oct, 2005
1st Sept-0510th Oct-05VARIANCE%-VARIANCE
USD ~ INR44.1344.630.51.1%
EU ~ USD1.23361.2111-0.02-1.8%
USD ~ YEN110.71113.813.12.8%
USD-INR_Sept_Oct, 2005
0
0
0
Sheet7
INDICATIVE HOME PRICE : FOB_MILL (USD / mt)
PRODUCTUSEUCHINAINDIA
HR550385-505384470-505
CR680560-645604636
GP770580-645609659
Sheet6 (2)
DOMESTIC : HR - MATERIAL BALANCE ESTIMATE & PROJECTION
PRODUCERS2005-06_EXPECTED2006-07_PROJECTED
CAPACITYHR-DOM.CAPTIVEDOMESTICIMPORTSTOTALBALANCECAPACITYHR-DOM.CAPTIVEDOMESTICIMPORTSTOTALBALANCE
SAIL5500370015005200N.A.52003005500370015005200N.A.5200300
TATA310089019202810N.A.28102903200100020003000N.A.3000200
ESSAR300014702301700N.A.170013004100180015003300N.A.3300800
JSW220010002001200N.A.120010003000150010002500N.A.2500500
ISPAT25001740601800N.A.1800700360015005002000N.A.20001600
TOTAL16300880039101271012001391035901940095006500160001200172003400
2004-051407077753349111248001192421461630088003910127101200139103590
%-VAR.16%13%17%14%50%17%67%19%8%66%26%0%24%-5%
Sheet6
DOMESTIC : HR - MATERIAL BALANCE ESTIMATE & PROJECTION
PRODUCERS2005-06_EXPECTED2006-07_PROJECTED
CAPACITYHR-DOM.CAPTIVEIMPORTSTOTALBALANCECAPACITYHR-DOM.CAPTIVEIMPORTSTOTALBALANCE
SAIL550037001500N.A.5200300550037001500N.A.5200300
TATA31008901920N.A.2810290320010002000N.A.3000200
ESSAR30001470230N.A.17001300410018001500N.A.3300800
JSW22001000200N.A.12001000300015001000N.A.2500500
ISPAT2500174060N.A.180070036001500500N.A.20001600
TOTAL1630088003910120013910359019400950065001200172003400
Y-O-Y140707775334980011924214616300880039101200139103590
%-VAR.16%13%17%50%17%67%19%8%66%0%24%-5%
CHINA VS INDIA_PRICE_MKT PRICE
LOCAL MARKET PRICES (INCL. E.D. / VAT)0
PRODUCTCHINAlesslessINDIADIFF.
YUAN / mtUSD / mtINR / mtUSD / mtUSD / mt
IRON ORE_Fe-63%75092100650575105624-68
BILLET29803671002880239022500511144
SLAB300037010029002406N.A.N.A.N.A.
HR_3.0mm CTL38504751003750311227300620146
CR_0.6mm6000740100590048963475079050
HDG_0.4mm6150758100605050203550080748
Sheet2
SEPT-05 .. PRODUCTION / SHIPMENTSSEPT-05 .. BOOKINGS
USEUROPEMIDDLE EASTCHINAUSEUROPEMIDDLE EASTCHINA
0.3mm0.6mm0.7mm0.21-0.29mm0.3mm0.6mm0.7mm0.21-0.29mm
120-GSM275-GSM225-GSM120-GSM120-GSM275-GSM225-GSM120-GSM
CNF610573630620790620660670
OCEAN FREIGHT6050252760502527
FOB550523605593730570635643
USD ~ INR43.543.543.543.543.543.543.543.5
2392522768263182579631755247952762327971
DEPB95791110531032127099211051119
2488223679273702682733025257872872729089
LOCAL FRT500500500500500500500500
NET REALISATION2438223179268702632732525252872822728589
IND. PRICE2160021600216002160021600216002160021600
SPREAD278215795270472710925368766276989
=
DOMESTIC PRICE_0.4mm30750270002675032250
INDIA_PRICE_IMPORT PARITY
PRODUCTLOCAL MARKET PRICEIMP. PARITYIMP. OFFERS
INR / mtUSD / mtUSD / mtUSD / mt
HR_SHEET GUAGE26500602472420-460
HR_PLATE GUAGE27200618485420-460
CRCA_0.6mm34750790619N.A.
HDG_0.4mm35500807633N.A.
China_Import Equv. Price
PRODUCTLOCAL MARKET PRICE (INCL. VAT)lesslessIMP. EQUV. PRICEEXP. EQUV. PRICEREBATEEXP. EQUV. PRICE
YUAN / mtUSD / mtCFR_USD / mtUSD / mtFOB_USD / mt
IRON ORE_Fe-63%6908510059052264750N.A.
BILLET2980367100288023902953140314
SLAB3000370100290024062973160316
HR_3.0mm CTL38504751003750311238440645361
CR_0.7mm60007401005900489660463270563
HDG_0.5mm60507461005950493760963870567
China_Iron Ore Imports_H-1' (2)
Jan-Jul .. 7-Months .. %-SHARE
2004200420052005
AUSTRALIA40.523561.4640
INDIA29.942637.0424
BRAZIL24.652129.6119
S. AFRICA7.0566.474
TOTAL_IMPORTS115.93100152.82100
China_Iron Ore Imports_H-1' (2)
00
00
00
00
00
2005
2005
2004
2004
IRON ORE_IMPORT_QTY (Mt)
China_Iron Ore Imports_H-1'05
Jan-Jul .. 7-Months
20042005
AUSTRALIA40.5261.4661.46
INDIA29.9437.0437.04
BRAZIL24.6529.6129.61
S. AFRICA7.056.476.47
TOTAL_IMPORTS115.93152.82152.82
China_Iron Ore Imports_H-1'05
00
00
00
00
00
2004
2005
IRON ORE_IMPORT_QTY (Mt)
china_sept. 2005
CHINA
PERIOD : SEPT(Qty's in mt)
OUTPUTIMPEXPAPP. CONSUMP.NET EXPORT
2005200420052004200520042005200420052004
SEMISN.A.N.A.0.1140.0940.1380.639N.A.N.A.0.0240.545
M / H PLATES2.712.200.280.150.310.272.692.080.0220.12
HR_STRIPS6.645.310.370.150.130.146.895.32-0.245-0.01
CR1.781.390.720.400.040.042.461.75-0.68-0.36
GP0.500.320.370.300.040.050.830.57-0.33-0.25
CC0.160.090.040.030.010.010.190.12-0.033-0.027
STEEL PRODUCTS30.3524.822.501.781.361.3131.4925.29-1.14-0.47
TOTAL STEEL / SEMISN.A.N.A.2.611.871.501.95N.A.N.A.-1.1160.075
COKE18.8116.170.000.000.752.1018.0714.070.7452.1
IRON ORE34.3127.5423.0218.720.000.0057.3346.26-23.02-18.72
&L&F&CPage &P of &N&R&A
china_jan-sept. 2005
CHINA
PERIOD : JAN-SEPT(Qty's in mt)
OUTPUTIMPEXPAPP. CONSUMP.NET EXPORT
2005200420052004200520042005200420052004
SEMISN.A.N.A.1.083.605.992.83N.A.N.A.4.91-0.77
M / H PLATES22.9819.231.654.674.051.4620.5822.442.4-3.21
HR_STRIPS58.2541.032.372.681.280.8859.3442.83-1.09-1.8
CR14.5611.125.445.640.440.3219.5616.44-5-5.32
GP3.852.903.023.440.600.266.276.08-2.42-3.18
CC1.240.800.300.400.060.031.481.17-0.24-0.37
STEEL PRODUCTS255.28200.4019.9923.9315.808.63259.47215.70-4.19-15.3
TOTAL STEEL / SEMISN.A.N.A.21.0727.5321.7911.46N.A.N.A.0.72-16.07
COKE167.80131.860.000.009.7910.37158.01121.499.7910.37
IRON ORE279.65215.78198.93151.070.000.00478.58366.85-198.93-151.07
&L&F&CPage &P of &N&R&A
Sheet4
Sheet3
JAN-05FEB-05MAR-05APR-05MAY-05JUN-05JUL-05AUG-05
2.0mm_COIL2725027500275002900029000265002400022500
5-10mm_CTL3250032900341003550035500320002850026500
Sheet3
000
000
000
000
000
000
000
000
2.0mm_COIL
5-10mm_CTL
Rs. / mt
DOMESTIC PRICE TREND
US-Import
PRODUCTMONTHLYJAN - JUN
20052004Y-O-Y20052004Y-O-Y
SEMIS448640-30%3161.43087.32%
TOTAL STEEL23273045.8-24%15120.2114128.787%
HR207375-45%1547.81530.31%
CR127231-45%1022.0587317%
HDG161253-36%1140.194621%
China-Import & Exports
PRODUCTEXPORT (MnT)IMPORT (MnT)NET IMPORT (MnT)
20052004Y-O-Y20052004Y-O-Y20052004Y-O-Y
SEMIS4.71.3262%0.80.4100%-3.9-0.9333%
STEEL PRODUCTS11.64.6152%13.218.1-27%1.613.5-88%
TOTAL STEEL16.35.9176%1418.5-24%-2.312.6-118%
FLAT STEEL5.31.4279%11.515.6-26%6.214.2-56%
AUTO_DOM.
CATEGORYPRODUCTION
20052004VARIANCE
NO'S%
PASSENGER VEHICLES$515,446$473,349$42,0979%
MED. / HVY. COMML. VEHICLES$81,855$78,735$3,1204%
LIGHT COMML. VEHICLES$62,511$50,615$11,89624%
TOTAL COMML. VEHICLES$144,366$129,350$15,01612%
TOTAL AUTO VEHICLES$659,812$602,699$57,1139%
2 & 3 - WHEELERS$3,023,338$2,611,667$411,67116%
GRAND TOTAL$3,683,150$3,214,366$468,78415%
IISI_CRUDE STEEL-1
COUNTRYJUN-05JUN-04%-VAR.JAN-JUN
20052004%-VAR.
ASIA46.63919%273233.617%
%-SHARE52%46%50%46%
BRIC38.532.319%230.7192.120%
%-SHARE43%38%42%38%
EU-2515.516.6-7%96.598.2-2%
%-SHARE17%19%18%19%
NAFTA9.910.9-9%63.664.7-2%
%-SHARE11%13%12%13%
CHINA28.521.533%164.9128.528%
%-SHARE32%25%30%25%
WORLD89.785.35%546.3507.98%
WORLD (-) CHINA61.263.8-4%381.4379.41%
%-SHARE68%75%70%75%
IISI_CRUDE STEEL-2
COUNTRYJUN-05JUN-04%-VAR.JAN-JUN
20052004%-VAR.
CHINA28.521.533%164.9128.528%
INDIA2.92.612%17.815.912%
RUSSIA4.65.4-15%32.131.62%
BRAZIL2.52.8-11%15.916.1-1%
JAPAN9.59.41%56.755.82%
THE US7.28.2-12%4748.3-3%
EU-1513.714.5-5%85.285.4-0%
-
Operations Sales Q3Mn ton (In mln. tons)
Chart7
0.1920.1210.149
0.290.2780.321
0.1650.2040.207
Q3, 05
Q3, 06 Current quarter
Q2, 06
Sheet5
Results Q3
Q3, 06Q3, 05Q2, 06
Goss sales164318211688
Net sales151817151540
EBIDTA438591393
EBIDTA Margin29%34%26%
Interest9011699
Depreciation118105126
Profit before tax231369168
Profir after tax139225106
EPS:
- Basic9177
- Diluted8156
Upto Dec. 05Upto Dec, 04
Goss sales50314744
Net sales45974497
EBIDTA13381493
EBIDTA Margin29%33%
Interest279362
Depreciation351315
Profit before tax709813
Profir after tax446466
EPS:
- Basic2934
- Diluted2731
pdtn 9 mth vol
ProductionUpto Dec, 04Upto Dec, 05
Pellets2.6252.811
Crude steel1.3171.655
HR Coils / sheets1.2411.594
GP / GC0.5040.569
SalesUpto Dec, 04Upto Dec, 05
Pellets0.5760.382
HR Coils / sheets0.6830.877
GP / GC0.4970.541
pdtn 9 mth vol
00
00
00
Upto Dec, 04
Upto Dec, 05
cost curve
00
00
00
00
Upto Dec, 04
Upto Dec, 05
Sheet2
RankCountry (source WSD June 2005 report)Average operating cost($/ton)
1Russia250
2Brazil266
3India266
4China335
5USA343
6Taiwan353
7South Korea362
8E. Europe363
9Canada365
10Australia375
11Japan378
12USA388
13Europe445
Sheet2
0
0
0
0
0
0
0
0
0
0
0
0
0
Average operating cost($/ton)
Sheet4
Sheet1
MEPS - ASIAND class=main12 vAlign=top align=left width=912>
MEPS - ASIAN CARBON STEEL PRODUCT PRICE INDEX - WITH INDIVIDUAL PRODUCT FORECASTS
(Based on US$ values)
JAN 1997 = 100
All tables and forecasts are updated monthly.
DateHot Rolled CoilHot Rolled PlateCold Rolled CoilHD Galv. Coil*Wire Rod (mesh)Structural Sections & BeamsReinforcing Bar
Nov-03102.496.795.288.889.392.797.4
Dec102.496.795.489.789.393.598.7
Jan-04104.8102.596.794.694.5101.2104.3
Feb111.8104.9101.198.6109.8111.6120.5
Mar128.7119.3108.9104.4121.7118.4135.3
Apr136.6127115110.5124.8124138
May137.8128.6112110.7120.5121.1134.3
Jun134.1127.2111.1110.7119.3119.1128.1
Jul139.9130.2114.8111.6119.3118.2130
Aug138.4128.6113.5110118116.7128.7
Sep149.8137.3120.3115.2122.6118.6133.3
Oct151.1138.1123.5115.8124.2119.6140.3
Nov155.9144.7130.7123.1126.3122.8143.2
Dec161.9149.9135.7128.5127.8125.7146.5
Jan-05167.1153.7143.4129.4126.3127.4142.9
Feb167.4155149.5133.3130.3126.6146.9
Mar174.6162.9155.3139.2136.7128.1150.8
Apr174162.7154.2134.7132.4127.1146.9
May175.5164.9155.6138133127.8146.5
Jun162.2156.9144.9130.8127.5124.5133.3
Jul148149136.8121.9121.7117.4127.7
Aug150.2151.2138.8123.8123.9119.1129.7
Sep144.4146.6133.6121.9123.5120.8134
Oct135.3141.7125.7116.8119.9118.6135
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pdtnQ3 vol
DateHot Rolled CoilHot Rolled PlateCold Rolled CoilHD Galv. CoilElectro Zinc=53>HD Galv. CoilElectro Zinc CoilWire Rod (mesh)Structural Sections & BeamsRebarMerchant Bar
Nov-03343361427490475315390318342
Dec354367434502488323403327353
Jan-04386400474546524348443355391
Feb414432501573547396482404422
Mar474506563650631479544503511
Apr513540596682654498585517543
May549575614706681498594511547
Jun571602649739715492591496541
Jul585633665754736483584474535
Aug580627659747728478578470530
Sep640704709796768494616511546
Oct644717723799779500633508547
Nov653734735824808511651510562
Dec648750737830823512667510566
Jan-05650756746824828494651493539
Feb635740739809815489634486528
Mar638753750818834487632478529
Apr619744725788814474615468517
May598729706766811472606464513
Jun545696649720769433566426487
Jul493655599674727422536420469
Aug503668611687738428547428479
Sep518680621705728474608483531
Oct517676615698709472614484535
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The information in the tables, charts and commentaries have been calculated from respondents who we consider provide accurate intelligence on the relevant steel markets. We make our best endeavours to be assured that the information is correct and that ou
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Demand
ProductionQ3, 05Q3, 06 Current quarterQ2, 06
Pellets0.9480.9610.942
Crude steel0.5390.5700.553
HR Coils / sheets0.5060.5330.549
GP / GC0.1750.2060.203
SalesQ3, 05Q3, 06 Current quarterQ2, 06
Pellets0.1920.1210.149
HR Coils / sheets0.2900.2780.321
GP / GC0.1650.2040.207
Demand
000
000
000
000
Q3, 05
Q3, 06 Current quarter
Q2, 06
price & production
000
000
000
Q3, 05
Q3, 06 Current quarter
Q2, 06
IISI apparent steel demand forecast
20052006200420052006
Africa2021World9719981050
Middle East2931Asia Pacific502534570
Cntral and South america3336534570
CIS4548
NAFTA145149
Europe190198
Asia Pacific534570
World998965
00
00
00
00
00
00
00
00
2005
2006
00
00
00
&A
Page &P
World
Asia Pacific
MarchAprilMayJuneJulyAugustSeptemberOctoberNovember
200520052005200520052005200520052005
European Union (25)16.416.016.215.514.413.215.016.415.9
Other Europe2.42.42.42.42.32.52.52.52.4
C.I.S.9.79.49.68.18.49.38.89.19.6
North America11.010.811.110.010.210.510.510.710.3
South America3.93.93.93.63.73.83.63.83.8
Africa1.51.51.61.61.61.51.51.51.4
Middle East1.21.21.31.21.21.21.21.21.3
Asia/Oceania (ex. China)19.218.719.618.719.319.018.619.718.9
Total Above65.364.065.761.261.161.061.864.963.6
China27.528.129.728.529.230.530.431.730.5
MonthMarch, 05April, 05May, 05June, 05July, 05August, 05September, 05October, 05November, 05
Total 61 countries92.992.195.489.790.391.492.196.694.1
China27.528.129.728.529.230.530.431.730.5
MonthMarch, 05April, 05May, 05June, 05July, 05August, 05September, 05October, 05November, 05
Total 61 countries92.992.195.489.790.391.492.196.694.1
Prices638619598545493503518517
MonthMar, 05Apr, 05May, 05Jun, 05Jul, 05Aug, 05Sep, 05Oct, 05Nov, 05
Prices(World)638619598545493503518517
Prices(India)812839824782736679682675678
Jan-05167.1
Feb167.4
Mar174.6
Apr174
May175.5
Jun162.2
Jul148
Aug150.2
Sep144.4
Oct135.3
92.8587
92.0679
95.3911
89.7308
90.3196
91.434
92.1211
96.6068
94.1116
Total 61 countries
0
0
0
0
0
0
0
0
0
Prices(World)
92.858727.5439
92.067928.0858
95.391129.7296
89.730828.5474
90.319629.2438
91.43430.4563
92.121130.3571
96.606831.6729
94.111630.4776
&A
Page &P
Total 61 countries
China
92.8587638
92.0679619
95.3911598
89.7308545
90.3196493
91.434503
92.1211518
96.6068517
94.1116November, 05
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Total 61 countries
Prices
167.1
167.4
174.6
174
175.5
162.2
148
150.2
144.4
135.3
00
00
00
00
00
00
00
00
00
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Page &P
Prices(World)
Prices(India)
MBD0004CD6F.xls
Chart2
8.27214.33216.26625.095
7.39213.23815.10624.806
8.12114.3416.40427.544
7.95214.12115.96728.086
8.08214.26216.17629.73
7.2513.72215.45128.547
7.55712.75614.40629.244
7.7411.57713.16430.456
7.7913.27414.98430.357
8.00414.5116.40431.673
7.713.8515.89330.479
USA
EU-15
EU-25
CHINA
COUNTRYWISE CRUDE STEEL PROD. (MnT)
CHINA CRUDE STEEL PROD. (MnT)
WORLD STEEL PROD. TREND (2)
USAEU-15EU-25CHINAWORLD
JAN-05$8$14$16$25$90
FEB-05$7$13$15$25$84
MAR-05$8$14$16$28$93
APR-05$8$14$16$28$92
MAY-05$8$14$16$30$95
JUN-05$7$14$15$29$90
JUL-05$8$13$14$29$90
AUG-05$8$12$13$30$91
SEPT-05$8$13$15$30$92
OCT-05$8$15$16$32$97
NOV-05$8$14$16$30$94
WORLD STEEL PROD. TREND (2)
0
0
0
0
0
0
0
0
0
0
0
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WORLD
GLOBAL CRUDE STEEL PROD. (MnT)
WORLD STEEL PROD. TREND (1)
USAEU-15EU-25CHINAWORLD
JAN-05$8$14$16$25$90
FEB-05$7$13$15$25$84
MAR-05$8$14$16$28$93
APR-05$8$14$16$28$92
MAY-05$8$14$16$30$95
JUN-05$7$14$15$29$90
JUL-05$8$13$14$29$90
AUG-05$8$12$13$30$91
SEPT-05$8$13$15$30$92
OCT-05$8$15$16$32$97
NOV-05$8$14$16$30$94
WORLD STEEL PROD. TREND (1)
0000
0000
0000
0000
0000
0000
0000
0000
0000
0000
0000
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USA
EU-15
EU-25
CHINA
COUNTRYWISE CRUDE STEEL PROD. (MnT)
WORLD CRUDE STEEL PROD. (MnT)
USA_DOM. SHIPMENTS
US SHIPMENTS
JAN-OCT, 2005 v/s 2004
SEGMENT%-VAR
AUTO2.5%
CONSTRUCTION3.3%
OIL & GAS7.4%
STOCKISTS-7.5%
IND. EQUIP.-3.0%
WHITE-GOODS-3.7%
CAN / CONTAINERS-15.5%
ELECT. EQUIP.-5.5%
TOTAL-9.2%
USA_DOM. SHIPMENTS
0
0
0
0
0
0
0
0
0
%-VAR
%-VAR._JAN-OCT, 2005 SHIPMENTS (Y-O-Y)
India_GDP
2004-05Q-1, 2005-06Q-2, 2005-06
AGRICULTURE1.12.02.0
INDUSTRY7.79.77.5
SERVICE8.99.810.1
TOTAL6.98.18.0
India_GDP
0000
0000
0000
AGRICULTURE
INDUSTRY
SERVICE
TOTAL
%-VARIANCE
CIS EXPORT PRICES
CIS : EXPORT PRICES FOR SHIPMENT AS OF 28TH NOV-05
(Price in USD / mt)
PRODUCTSIZE (MM)UKRAINE_FOB BLACK SEARUSSIA_FOB BLACK SEARUSSIA_FOB FAR EAST
HRC2 - 8335-350365-370330-350
REBAR12 - 25350-365350-365340-345
WIRE-ROD6.5 - 8350-360350-360330-350
BILLET100 - 150290-300300-310315-320
world_capacity_proj.
GLOBAL : SURPLUS CAPACITY
(Qty's in Mt)
20052004200520042004200520042005 (E)%-VAR.2010 (P)%-CAGR_2005 v/s 2010
DEMANDN.A.N.A.0.050.12971N.A.N.A.9982.8%12073.9%
PRODUCTION2.852.350.960.091057-1053.190.0011256.4%13603.9%
CAPACITY7.085.480.230.101184-1176.680.0012505.6%16005.1%
SURPLUS CAPACITY1.671.410.560.38127-124.770.00125-1.6%24013.9%
&L&F&CPage &P of &N&R&A
china_Oct-05 (2)
CHINA
(Qty's in mt)
OCTOBERJANUARY - OCTOBER
OUTPUTIMPEXPAPP. CONSUMP.NET IMPORTEXPNET IMPORT
20052004200520042005200420052004200520042005200420052004
SEMISN.A.N.A.0.050.120.160.69N.A.N.A.0.110.576.143.52-5.010.20
M / H PLATES2.852.350.960.090.270.243.552.20-0.690.153.391.43-2.181.99
HR_STRIPS7.085.480.230.100.060.167.265.42-0.180.061.341.041.261.74
CR1.671.410.560.380.030.062.211.73-0.54-0.320.460.385.545.64
GP0.600.500.320.270.030.070.890.69-0.29-0.190.630.332.713.38
CC0.120.110.030.030.010.010.150.13-0.03-0.020.070.040.260.39
ELECT. STEEL0.240.150.080.120.010.010.310.27-0.07-0.120.080.070.961.33
STEEL PRODUCTS33.1026.771.931.631.341.5133.6926.89-0.59-0.1217.1510.144.7915.42
TOTAL STEEL / SEMISN.A.N.A.1.981.751.502.20N.A.N.A.-0.480.4523.2913.66-0.2215.62
COKE20.3316.860.000.000.821.6819.5115.190.8207641.67717710.6112.05-10.61-12.05
IRON ORE38.2728.2222.2716.330.000.0060.5544.55-22.274-16.3318010.000.00221.21167.40
&L&F&CPage &P of &N&R&A
china_Jan-Oct, 2005 (2)
CHINA
PERIOD : JAN-OCT(Qty's in mt)
OUTPUTIMPEXPAPP. CONSUMP.NET IMPORT
2005200420052004200520042005200420052004
SEMISN.A.N.A.1.133.726.143.52N.A.N.A.-5.010.20
M / H PLATES25.8221.581.213.423.391.4323.6423.57-2.181.99
HR_STRIPS65.2646.502.602.781.341.0466.5248.241.261.74
CR16.2612.536.006.020.460.3821.8118.175.545.64
GP4.453.403.343.710.630.337.166.782.713.38
CC1.360.900.330.430.070.041.621.290.260.39
ELECT. STEEL1.981.361.041.400.080.072.942.680.961.33
STEEL PRODUCTS301.92240.2821.9325.5617.1510.14306.70255.694.7915.42
TOTAL STEEL / SEMISN.A.N.A.23.0629.2823.2913.66N.A.N.A.-0.2215.62
COKE188.76148.710.000.0010.6112.05178.15136.66-10.61-12.05
IRON ORE318.96243.89221.21167.400.000.00540.16411.29221.21167.40
&L&F&CPage &P of &N&R&A
china_Oct-05
CHINA
(Qty's in mt)
OCTOBER(Qty's in mt)JANUARY - OCTOBER
OUTPUTIMPEXPAPP. CONSUMP.NET IMPORTOUTPUTAPP. CONSUMP.
20052004200520042005200420052004200520042005200420052004
SEMISN.A.N.A.0.050.120.160.69N.A.N.A.0.110.57N.A.N.A.N.A.N.A.
M / H PLATES2.852.350.960.090.270.243.552.20-0.690.1525.8221.5823.6423.57
HR_STRIPS7.085.480.230.100.060.167.265.42-0.180.0665.2646.5066.5248.24
CR1.671.410.560.380.030.062.211.73-0.54-0.3216.2612.5321.8118.17
GP0.600.500.320.270.030.070.890.69-0.29-0.194.453.407.166.78
CC0.120.110.030.030.010.010.150.13-0.03-0.021.360.901.621.29
ELECT. STEEL0.240.150.080.120.010.010.310.27-0.07-0.121.981.362.942.68
STEEL PRODUCTS33.1026.771.931.631.341.5133.6926.89-0.59-0.12301.92240.28306.70255.69
TOTAL STEEL / SEMISN.A.N.A.1.981.751.502.20N.A.N.A.-0.480.45N.A.N.A.N.A.N.A.
COKE20.3316.860.000.000.821.6819.5115.190.8207641.677177188.76148.71178.15136.66
IRON ORE38.2728.2222.2716.330.000.0060.5544.55-22.274-16.331801318.96243.89540.16411.29
&L&F&CPage &P of &N&R&A
china_Jan-Oct, 2005
CHINA
PERIOD : JAN-OCT(Qty's in mt)(Qty's in mt)
OUTPUTIMPEXPAPP. CONSUMP.NET IMPORT
2005200420052004200520042005200420052004
SEMISN.A.N.A.1.133.726.143.52N.A.N.A.-5.010.20
M / H PLATES25.8221.581.213.423.391.4323.6423.57-2.181.99
HR_STRIPS65.2646.502.602.781.341.0466.5248.241.261.74
CR16.2612.536.006.020.460.3821.8118.175.545.64
GP4.453.403.343.710.630.337.166.782.713.38
CC1.360.900.330.430.070.041.621.290.260.39
ELECT. STEEL1.981.361.041.400.080.072.942.680.961.33
STEEL PRODUCTS301.92240.2821.9325.5617.1510.14306.70255.694.7915.42
TOTAL STEEL / SEMISN.A.N.A.23.0629.2823.2913.66N.A.N.A.-0.2215.62
COKE188.76148.710.000.0010.6112.05178.15136.66-10.61-12.05
IRON ORE318.96243.89221.21167.400.000.00540.16411.29221.21167.40
&L&F&CPage &P of &N&R&A
iNDIA_Auto
PRODUCTION
PERIOD : JAN - NOV
CATEGORY
20042005%-VAR.
PASSENGER VEHICLES785$840$(55)7%
MED. / HVY. COMML. VEHICLES$130$108$22-17%
LIGHT COMML. VEHICLES$84$139$(55)65%
TOTAL AUTOMOBILE (4-WH.)$999$1,087$(88)9%
2 & 3 - WHEELERS$4,478$5,266$(788)18%
$5,477$6,35316%
iNDIA_Auto
000
000
000
000
000
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2004
2005
%-VAR.
PRODUCTION ('000 UNITS)
%-VARIANCE
us_IMP._COATED
INDIA-US
20002001200220032004JAN-SEPT, 2004JAN-SEPT, 2005
TOTAL186154206157277251228
INDIA243116545126
%-SAHRE1%3%15%10%20%20%12%
us_IMP._COATED
000
000
000
000
000
000
000
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TOTAL
INDIA
%-SAHRE
US_COATED STEEL_AVG. MTHLY IMPORTS ('000 mt)
%-SHARE OF COATED STEEL IMPORTS FROM INDIA
India-Exp-US_Jan-Oct-05
Indian exports to US ---- Qty. in Metric Tonnes (2005)
5-Jan5-Feb5-Mar5-Apr5-May5-Jun5-Jul5-Aug5-Sep5-OctTotal 2005
1Semis20.4818.129.516.449.5612.44089.122.770.91239.28
2Plates in Coils..........0
3Sheets Hot Rolled88.4123405.64,034946.4432.1....6,030
4CR1,6091,5466467785918357781,2357041,91010,632
5Sheets & Strip Galv Hot Dipped26,18327,20042,16247,66730,75223,9392,02427,3169,23028,294264,767
6Sheets & Strip All Other Metalic Coat..246.9......295.2542
7Electrical SteelNot Available
8Bars-Hot rolled681.1369.2281.9471.9336.5220.7349.7322.9211.15493,794
9Bars-Cold Finished1,1231,2511,4501,2601,7609261,2451,1241,2011,03912,379
10Total Bars1,8041,6201,7321,7322,0971,1471,5951,4471,4121,58816,173
11Bars-Reinforcing42.8........4386
12Wire Rods.52.134.933.518.334.817.5...191
13Standard Pipe6,5092,5312,3022,588827.22,2881,1262,1031,0943,91225,280
All Products44,17940,21655,10361,04443,04573,0609,89836,45039,49943,170445,664
Coated_Jan-Oct, 20041109801193381921801921802195062331163160813454013697653541133262302,778,890
All Products
Sheets & Strip Galv Hot Dipped
Standard Pipe
Bars-Cold Finished
Sheets Hot Rolled
Bars-Hot rolled
Wire Rods
Plates in Coils
Bars-Reinforcing
Sheets & Strip All Other Metalic Coat
US_Imp_NOV, 2005
US DATA
Y-O-Y
NOV-04NOV-05 (P)% Var
1Semis686421-39%
2Plates204135-34%
3HR439211-52%
4CR297160-46%
5HDG299180-40%
6Electrical Steel106-44%
7Hot Rolled Bars121105-13%
8Rebars1531594%
9Wire-Rods203109-46%
10Total Steel31152145-31.1%
-970
-31%
US_Imp_NOV, 2005
00
00
00
00
00
00
00
00
00
NOV-04
NOV-05 (P)
US_Imp_Jan-Nov, 2005
US DATA
Y-O-Y
JAN-NOV, 2004JAN-NOV, 2005% Var
1Semis62275564-11%
2Plates172117653%
3HR36752632-28%
4CR21901719-22%
5HDG23941889-21%
6Electrical Steel7370-5%
7Hot Rolled Bars14501388-4%
8Rebars17001188-30%
9Wire-Rods31522116-33%
10Total Steel2983226439-11.4%
-3393
-11%
0-970
0-0
US_Imp_Jan-Nov, 2005
00
00
00
00
00
00
00
00
00
JAN-NOV, 2004
JAN-NOV, 2005
US_Imp_Jan-OCT, 2005_W.S.
US DATA
Y-O-Y
Jan-Oct-04Jan-Oct-05% Var
1Semis55415142-7%
2Plates151616297%
3HR32352421-25%
4CR18921559-18%
5HDG20951708-18%
6Electrical Steel63641%
7Hot Rolled Bars13291283-3%
8Rebars15471029-33%
9Wire-Rods29492007-32%
10Total Steel2671624294-9%
0-970
0-0
USD-INR_Sept_Oct, 2005
1st Sept-0510th Oct-05VARIANCE%-VARIANCE
USD ~ INR44.1344.630.51.1%
EU ~ USD1.23361.2111-0.02-1.8%
USD ~ YEN110.71113.813.12.8%
USD-INR_Sept_Oct, 2005
0
0
0
Sheet7
INDICATIVE HOME PRICE : FOB_MILL (USD / mt)
PRODUCTUSEUCHINAINDIA
HR550385-505384470-505
CR680560-645604636
GP770580-645609659
Sheet6 (2)
DOMESTIC : HR - MATERIAL BALANCE ESTIMATE & PROJECTION
PRODUCERS2005-06_EXPECTED2006-07_PROJECTED
CAPACITYHR-DOM.CAPTIVEDOMESTICIMPORTSTOTALBALANCECAPACITYHR-DOM.CAPTIVEDOMESTICIMPORTSTOTALBALANCE
SAIL5500370015005200N.A.52003005500370015005200N.A.5200300
TATA310089019202810N.A.28102903200100020003000N.A.3000200
ESSAR300014702301700N.A.170013004100180015003300N.A.3300800
JSW220010002001200N.A.120010003000150010002500N.A.2500500
ISPAT25001740601800N.A.1800700360015005002000N.A.20001600
TOTAL16300880039101271012001391035901940095006500160001200172003400
2004-051407077753349111248001192421461630088003910127101200139103590
%-VAR.16%13%17%14%50%17%67%19%8%66%26%0%24%-5%
Sheet6
DOMESTIC : HR - MATERIAL BALANCE ESTIMATE & PROJECTION
PRODUCERS2005-06_EXPECTED2006-07_PROJECTED
CAPACITYHR-DOM.CAPTIVEIMPORTSTOTALBALANCECAPACITYHR-DOM.CAPTIVEIMPORTSTOTALBALANCE
SAIL550037001500N.A.5200300550037001500N.A.5200300
TATA31008901920N.A.2810290320010002000N.A.3000200
ESSAR30001470230N.A.17001300410018001500N.A.3300800
JSW22001000200N.A.12001000300015001000N.A.2500500
ISPAT2500174060N.A.180070036001500500N.A.20001600
TOTAL1630088003910120013910359019400950065001200172003400
Y-O-Y140707775334980011924214616300880039101200139103590
%-VAR.16%13%17%50%17%67%19%8%66%0%24%-5%
CHINA VS INDIA_PRICE_MKT PRICE
LOCAL MARKET PRICES (INCL. E.D. / VAT)0
PRODUCTCHINAlesslessINDIADIFF.
YUAN / mtUSD / mtINR / mtUSD / mtUSD / mt
IRON ORE_Fe-63%75092100650575105624-68
BILLET29803671002880239022500511144
SLAB300037010029002406N.A.N.A.N.A.
HR_3.0mm CTL38504751003750311227300620146
CR_0.6mm6000740100590048963475079050
HDG_0.4mm6150758100605050203550080748
Sheet2
SEPT-05 .. PRODUCTION / SHIPMENTSSEPT-05 .. BOOKINGS
USEUROPEMIDDLE EASTCHINAUSEUROPEMIDDLE EASTCHINA
0.3mm0.6mm0.7mm0.21-0.29mm0.3mm0.6mm0.7mm0.21-0.29mm
120-GSM275-GSM225-GSM120-GSM120-GSM275-GSM225-GSM120-GSM
CNF610573630620790620660670
OCEAN FREIGHT6050252760502527
FOB550523605593730570635643
USD ~ INR43.543.543.543.543.543.543.543.5
2392522768263182579631755247952762327971
DEPB95791110531032127099211051119
2488223679273702682733025257872872729089
LOCAL FRT500500500500500500500500
NET REALISATION2438223179268702632732525252872822728589
IND. PRICE2160021600216002160021600216002160021600
SPREAD278215795270472710925368766276989
=
DOMESTIC PRICE_0.4mm30750270002675032250
INDIA_PRICE_IMPORT PARITY
PRODUCTLOCAL MARKET PRICEIMP. PARITYIMP. OFFERS
INR / mtUSD / mtUSD / mtUSD / mt
HR_SHEET GUAGE26500602472420-460
HR_PLATE GUAGE27200618485420-460
CRCA_0.6mm34750790619N.A.
HDG_0.4mm35500807633N.A.
China_Import Equv. Price
PRODUCTLOCAL MARKET PRICE (INCL. VAT)lesslessIMP. EQUV. PRICEEXP. EQUV. PRICEREBATEEXP. EQUV. PRICE
YUAN / mtUSD / mtCFR_USD / mtUSD / mtFOB_USD / mt
IRON ORE_Fe-63%6908510059052264750N.A.
BILLET2980367100288023902953140314
SLAB3000370100290024062973160316
HR_3.0mm CTL38504751003750311238440645361
CR_0.7mm60007401005900489660463270563
HDG_0.5mm60507461005950493760963870567
China_Iron Ore Imports_H-1' (2)
Jan-Jul .. 7-Months .. %-SHARE
2004200420052005
AUSTRALIA40.523561.4640
INDIA29.942637.0424
BRAZIL24.652129.6119
S. AFRICA7.0566.474
TOTAL_IMPORTS115.93100152.82100
China_Iron Ore Imports_H-1' (2)
00
00
00
00
00
2005
2005
2004
2004
IRON ORE_IMPORT_QTY (Mt)
China_Iron Ore Imports_H-1'05
Jan-Jul .. 7-Months
20042005
AUSTRALIA40.5261.4661.46
INDIA29.9437.0437.04
BRAZIL24.6529.6129.61
S. AFRICA7.056.476.47
TOTAL_IMPORTS115.93152.82152.82
China_Iron Ore Imports_H-1'05
00
00
00
00
00
2004
2005
IRON ORE_IMPORT_QTY (Mt)
china_sept. 2005
CHINA
PERIOD : SEPT(Qty's in mt)
OUTPUTIMPEXPAPP. CONSUMP.NET EXPORT
2005200420052004200520042005200420052004
SEMISN.A.N.A.0.1140.0940.1380.639N.A.N.A.0.0240.545
M / H PLATES2.712.200.280.150.310.272.692.080.0220.12
HR_STRIPS6.645.310.370.150.130.146.895.32-0.245-0.01
CR1.781.390.720.400.040.042.461.75-0.68-0.36
GP0.500.320.370.300.040.050.830.57-0.33-0.25
CC0.160.090.040.030.010.010.190.12-0.033-0.027
STEEL PRODUCTS30.3524.822.501.781.361.3131.4925.29-1.14-0.47
TOTAL STEEL / SEMISN.A.N.A.2.611.871.501.95N.A.N.A.-1.1160.075
COKE18.8116.170.000.000.752.1018.0714.070.7452.1
IRON ORE34.3127.5423.0218.720.000.0057.3346.26-23.02-18.72
&L&F&CPage &P of &N&R&A
china_jan-sept. 2005
CHINA
PERIOD : JAN-SEPT(Qty's in mt)
OUTPUTIMPEXPAPP. CONSUMP.NET EXPORT
2005200420052004200520042005200420052004
SEMISN.A.N.A.1.083.605.992.83N.A.N.A.4.91-0.77
M / H PLATES22.9819.231.654.674.051.4620.5822.442.4-3.21
HR_STRIPS58.2541.032.372.681.280.8859.3442.83-1.09-1.8
CR14.5611.125.445.640.440.3219.5616.44-5-5.32
GP3.852.903.023.440.600.266.276.08-2.42-3.18
CC1.240.800.300.400.060.031.481.17-0.24-0.37
STEEL PRODUCTS255.28200.4019.9923.9315.808.63259.47215.70-4.19-15.3
TOTAL STEEL / SEMISN.A.N.A.21.0727.5321.7911.46N.A.N.A.0.72-16.07
COKE167.80131.860.000.009.7910.37158.01121.499.7910.37
IRON ORE279.65215.78198.93151.070.000.00478.58366.85-198.93-151.07
&L&F&CPage &P of &N&R&A
Sheet4
Sheet3
JAN-05FEB-05MAR-05APR-05MAY-05JUN-05JUL-05AUG-05
2.0mm_COIL2725027500275002900029000265002400022500
5-10mm_CTL3250032900341003550035500320002850026500
Sheet3
000
000
000
000
000
000
000
000
2.0mm_COIL
5-10mm_CTL
Rs. / mt
DOMESTIC PRICE TREND
US-Import
PRODUCTMONTHLYJAN - JUN
20052004Y-O-Y20052004Y-O-Y
SEMIS448640-30%3161.43087.32%
TOTAL STEEL23273045.8-24%15120.2114128.787%
HR207375-45%1547.81530.31%
CR127231-45%1022.0587317%
HDG161253-36%1140.194621%
China-Import & Exports
PRODUCTEXPORT (MnT)IMPORT (MnT)NET IMPORT (MnT)
20052004Y-O-Y20052004Y-O-Y20052004Y-O-Y
SEMIS4.71.3262%0.80.4100%-3.9-0.9333%
STEEL PRODUCTS11.64.6152%13.218.1-27%1.613.5-88%
TOTAL STEEL16.35.9176%1418.5-24%-2.312.6-118%
FLAT STEEL5.31.4279%11.515.6-26%6.214.2-56%
AUTO_DOM.
CATEGORYPRODUCTION
20052004VARIANCE
NO'S%
PASSENGER VEHICLES$515,446$473,349$42,0979%
MED. / HVY. COMML. VEHICLES$81,855$78,735$3,1204%
LIGHT COMML. VEHICLES$62,511$50,615$11,89624%
TOTAL COMML. VEHICLES$144,366$129,350$15,01612%
TOTAL AUTO VEHICLES$659,812$602,699$57,1139%
2 & 3 - WHEELERS$3,023,338$2,611,667$411,67116%
GRAND TOTAL$3,683,150$3,214,366$468,78415%
IISI_CRUDE STEEL-1
COUNTRYJUN-05JUN-04%-VAR.JAN-JUN
20052004%-VAR.
ASIA46.63919%273233.617%
%-SHARE52%46%50%46%
BRIC38.532.319%230.7192.120%
%-SHARE43%38%42%38%
EU-2515.516.6-7%96.598.2-2%
%-SHARE17%19%18%19%
NAFTA9.910.9-9%63.664.7-2%
%-SHARE11%13%12%13%
CHINA28.521.533%164.9128.528%
%-SHARE32%25%30%25%
WORLD89.785.35%546.3507.98%
WORLD (-) CHINA61.263.8-4%381.4379.41%
%-SHARE68%75%70%75%
IISI_CRUDE STEEL-2
COUNTRYJUN-05JUN-04%-VAR.JAN-JUN
20052004%-VAR.
CHINA28.521.533%164.9128.528%
INDIA2.92.612%17.815.912%
RUSSIA4.65.4-15%32.131.62%
BRAZIL2.52.8-11%15.916.1-1%
JAPAN9.59.41%56.755.82%
THE US7.28.2-12%4748.3-3%
EU-1513.714.5-5%85.285.4-0%
-
Production upto Dec, 05 vs Dec, 04Volume mt7%26%28%13%
Chart1
2.6252.811
1.3171.655
1.2411.595
0.5040.569
Upto Dec, 04
Upto Dec, 05
Sheet5
Capacity availableAt 2.5 mtpaAt 3.8 mtpa
Pellet4.25.0
Slabs2.63.9
HR Coils2.02.5
HR Plates0.10.2
CR Products1.01.0
GP / GC0.90.9
Colour coated0.10.1
Upto 31st Dec. 04Key financial ratiosUpto 31st Dec. 05
ROCE
ROE
Cash EPS
Book value per share
Market value per share
Book value per MT
Implementation cost per MT
Results Q3
Q3, 05Current quarterQ2, 06
Goss sales182116431688
Net sales171515181540
EBIDTA591438393
EBIDTA Margin34%29%26%
Interest1169099
Depreciation105118126
Profit before tax369231168
Profir after tax225139106
EPS:
- Basic1797
- Diluted86
Upto Dec. 05Upto Dec, 04
Goss sales50314744
Net sales45974497
EBIDTA13381493
EBIDTA Margin29%33%
Interest279362
Depreciation351315
Profit before tax709813
Profir after tax446466
EPS:
- Basic2934
- Diluted2731
pdtn 9 mth vol
ProductionUpto Dec, 04Upto Dec, 05
Pellets2.6252.811
Crude steel1.3171.655
HR Coils / sheets1.2411.595
GP / GC0.5040.569
SalesUpto Dec, 04Upto Dec, 05
Pellets0.5760.382
HR Coils / sheets0.710.877
GP / GC0.4970.541
pdtn 9 mth vol
00
00
00
Upto Dec, 04
Upto Dec, 05
cost curve
00
00
00
00
Upto Dec, 04
Upto Dec, 05
Sheet2
RankCountry (source WSD June 2005 report)Average operating cost($/ton)
1Russia250
2Brazil266
3India266
4China335
5USA343
6Taiwan353
7South Korea362
8E. Europe363
9Canada365
10Australia375
11Japan378
12USA388
13Europe445
Sheet2
0
0
0
0
0
0
0
0
0
0
0
0
0
Average operating cost($/ton)
Sheet4
Sheet1
MEPS - ASIAND class=main12 vAlign=top align=left width=912>
MEPS - ASIAN CARBON STEEL PRODUCT PRICE INDEX - WITH INDIVIDUAL PRODUCT FORECASTS
(Based on US$ values)
JAN 1997 = 100
All tables and forecasts are updated monthly.
DateHot Rolled CoilHot Rolled PlateCold Rolled CoilHD Galv. Coil*Wire Rod (mesh)Structural Sections & BeamsReinforcing Bar
Nov-03102.496.795.288.889.392.797.4
Dec102.496.795.489.789.393.598.7
Jan-04104.8102.596.794.694.5101.2104.3
Feb111.8104.9101.198.6109.8111.6120.5
Mar128.7119.3108.9104.4121.7118.4135.3
Apr136.6127115110.5124.8124138
May137.8128.6112110.7120.5121.1134.3
Jun134.1127.2111.1110.7119.3119.1128.1
Jul139.9130.2114.8111.6119.3118.2130
Aug138.4128.6113.5110118116.7128.7
Sep149.8137.3120.3115.2122.6118.6133.3
Oct151.1138.1123.5115.8124.2119.6140.3
Nov155.9144.7130.7123.1126.3122.8143.2
Dec161.9149.9135.7128.5127.8125.7146.5
Jan-05167.1153.7143.4129.4126.3127.4142.9
Feb167.4155149.5133.3130.3126.6146.9
Mar174.6162.9155.3139.2136.7128.1150.8
Apr174162.7154.2134.7132.4127.1146.9
May175.5164.9155.6138133127.8146.5
Jun162.2156.9144.9130.8127.5124.5133.3
Jul148149136.8121.9121.7117.4127.7
Aug150.2151.2138.8123.8123.9119.1129.7
Sep144.4146.6133.6121.9123.5120.8134
Oct135.3141.7125.7116.8119.9118.6135
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Dec
Jan-06
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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* - China not included.
Note:- Prices are derived from an arithmetic average of the low transaction values identified in Japan, Taiwan, South Korea and China - collected in national currencies and converted into US dollars using currency exchange rates effective at the start of
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The information in the tables, charts and commentaries have been calculated from respondents who we consider provide accurate intelligence on the relevant steel markets. We make our best endeavors to be assured that the information is correct and that our
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pdtnQ3 vol
DateHot Rolled CoilHot Rolled PlateCold Rolled CoilHD Galv. CoilElectro Zinc=53>HD Galv. CoilElectro Zinc CoilWire Rod (mesh)Structural Sections & BeamsRebarMerchant Bar
Nov-03343361427490475315390318342
Dec354367434502488323403327353
Jan-04386400474546524348443355391
Feb414432501573547396482404422
Mar474506563650631479544503511
Apr513540596682654498585517543
May549575614706681498594511547
Jun571602649739715492591496541
Jul585633665754736483584474535
Aug580627659747728478578470530
Sep640704709796768494616511546
Oct644717723799779500633508547
Nov653734735824808511651510562
Dec648750737830823512667510566
Jan-05650756746824828494651493539
Feb635740739809815489634486528
Mar638753750818834487632478529
Apr619744725788814474615468517
May598729706766811472606464513
Jun545696649720769433566426487
Jul493655599674727422536420469
Aug503668611687738428547428479
Sep518680621705728474608483531
Oct517676615698709472614484535
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Dec
Jan-06
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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Note:- Prices are an arithmetic average of the low transaction values identified in three regions (EU, Asia, and North America), converted into US dollars.
Steel transaction prices are also available for USA, Canada, China, Japan, South Korea Taiwan, Germany, France, Italy, UK, Spain, Czech Rep, and Poland in MEPS
International Steel Review
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The information in the tables, charts and commentaries have been calculated from respondents who we consider provide accurate intelligence on the relevant steel markets. We make our best endeavours to be assured that the information is correct and that ou
Our predictions are based on a wide experience of steel consumption patterns. However, steel prices can be influenced by a number of factors. These include currency exchange rates, raw material costs, trade regulations including import safeguard measures,
(see license Terms and Conditions)
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Demand
ProductionQ3, 05Q3, 06 Current quarterQ2, 06
Pellets0.9480.9610.942
Crude steel0.5390.5700.553
HR Coils / sheets0.5060.5330.549
GP / GC0.1750.2060.203
SalesQ3, 05Q3, 06 Current quarterQ2, 06
Pellets0.1920.1210.149
HR Coils / sheets0.2900.2780.321
GP / GC0.1650.2040.207
Demand
000
000
000
000
Q3, 05
Q3, 06 Current quarter
Q2, 06
price & production
000
000
000
Q3, 05
Q3, 06 Current quarter
Q2, 06
IISI apparent steel demand forecast
20052006200420052006
Africa2021World9719981050
Middle East2931Asia Pacific502534570
Cntral and South america3336534570
CIS4548
NAFTA145149
Europe190198
Asia Pacific534570
World998965
00
00
00
00
00
00
00
00
2005
2006
00
00
00
&A
Page &P
World
Asia Pacific
MarchAprilMayJuneJulyAugustSeptemberOctoberNovember
200520052005200520052005200520052005
European Union (25)16.416.016.215.514.413.215.016.415.9
Other Europe2.42.42.42.42.32.52.52.52.4
C.I.S.9.79.49.68.18.49.38.89.19.6
North America11.010.811.110.010.210.510.510.710.3
South America3.93.93.93.63.73.83.63.83.8
Africa1.51.51.61.61.61.51.51.51.4
Middle East1.21.21.31.21.21.21.21.21.3
Asia/Oceania (ex. China)19.218.719.618.719.319.018.619.718.9
Total Above65.364.065.761.261.161.061.864.963.6
China27.528.129.728.529.230.530.431.730.5
MonthMarch, 05April, 05May, 05June, 05July, 05August, 05September, 05October, 05November, 05
Total 61 countries92.992.195.489.790.391.492.196.694.1
China27.528.129.728.529.230.530.431.730.5
MonthMarch, 05April, 05May, 05June, 05July, 05August, 05September, 05October, 05November, 05
Total 61 countries92.992.195.489.790.391.492.196.694.1
Prices638619598545493503518517
MonthMar, 05Apr, 05May, 05Jun, 05Jul, 05Aug, 05Sep, 05Oct, 05Nov, 05
Prices(World)638619598545493503518517
Prices(India)812839824782736679682675678
Jan-05167.1
Feb167.4
Mar174.6
Apr174
May175.5
Jun162.2
Jul148
Aug150.2
Sep144.4
Oct135.3
92.8587
92.0679
95.3911
89.7308
90.3196
91.434
92.1211
96.6068
94.1116
Total 61 countries
0
0
0
0
0
0
0
0
0
Prices(World)
92.858727.5439
92.067928.0858
95.391129.7296
89.730828.5474
90.319629.2438
91.43430.4563
92.121130.3571
96.606831.6729
94.111630.4776
&A
Page &P
Total 61 countries
China
92.8587638
92.0679619
95.3911598
89.7308545
90.3196493
91.434503
92.1211518
96.6068517
94.1116November, 05
&A
Page &P
Total 61 countries
Prices
167.1
167.4
174.6
174
175.5
162.2
148
150.2
144.4
135.3
00
00
00
00
00
00
00
00
00
&A
Page &P
Prices(World)
Prices(India)
MBD0004CD6F.xls
Chart2
8.27214.33216.26625.095
7.39213.23815.10624.806
8.12114.3416.40427.544
7.95214.12115.96728.086
8.08214.26216.17629.73
7.2513.72215.45128.547
7.55712.75614.40629.244
7.7411.57713.16430.456
7.7913.27414.98430.357
8.00414.5116.40431.673
7.713.8515.89330.479
USA
EU-15
EU-25
CHINA
COUNTRYWISE CRUDE STEEL PROD. (MnT)
CHINA CRUDE STEEL PROD. (MnT)
WORLD STEEL PROD. TREND (2)
USAEU-15EU-25CHINAWORLD
JAN-05$8$14$16$25$90
FEB-05$7$13$15$25$84
MAR-05$8$14$16$28$93
APR-05$8$14$16$28$92
MAY-05$8$14$16$30$95
JUN-05$7$14$15$29$90
JUL-05$8$13$14$29$90
AUG-05$8$12$13$30$91
SEPT-05$8$13$15$30$92
OCT-05$8$15$16$32$97
NOV-05$8$14$16$30$94
WORLD STEEL PROD. TREND (2)
0
0
0
0
0
0
0
0
0
0
0
&A
Page &P
WORLD
GLOBAL CRUDE STEEL PROD. (MnT)
WORLD STEEL PROD. TREND (1)
USAEU-15EU-25CHINAWORLD
JAN-05$8$14$16$25$90
FEB-05$7$13$15$25$84
MAR-05$8$14$16$28$93
APR-05$8$14$16$28$92
MAY-05$8$14$16$30$95
JUN-05$7$14$15$29$90
JUL-05$8$13$14$29$90
AUG-05$8$12$13$30$91
SEPT-05$8$13$15$30$92
OCT-05$8$15$16$32$97
NOV-05$8$14$16$30$94
WORLD STEEL PROD. TREND (1)
0000
0000
0000
0000
0000
0000
0000
0000
0000
0000
0000
&A
Page &P
USA
EU-15
EU-25
CHINA
COUNTRYWISE CRUDE STEEL PROD. (MnT)
WORLD CRUDE STEEL PROD. (MnT)
USA_DOM. SHIPMENTS
US SHIPMENTS
JAN-OCT, 2005 v/s 2004
SEGMENT%-VAR
AUTO2.5%
CONSTRUCTION3.3%
OIL & GAS7.4%
STOCKISTS-7.5%
IND. EQUIP.-3.0%
WHITE-GOODS-3.7%
CAN / CONTAINERS-15.5%
ELECT. EQUIP.-5.5%
TOTAL-9.2%
USA_DOM. SHIPMENTS
0
0
0
0
0
0
0
0
0
%-VAR
%-VAR._JAN-OCT, 2005 SHIPMENTS (Y-O-Y)
India_GDP
2004-05Q-1, 2005-06Q-2, 2005-06
AGRICULTURE1.12.02.0
INDUSTRY7.79.77.5
SERVICE8.99.810.1
TOTAL6.98.18.0
India_GDP
0000
0000
0000
AGRICULTURE
INDUSTRY
SERVICE
TOTAL
%-VARIANCE
CIS EXPORT PRICES
CIS : EXPORT PRICES FOR SHIPMENT AS OF 28TH NOV-05
(Price in USD / mt)
PRODUCTSIZE (MM)UKRAINE_FOB BLACK SEARUSSIA_FOB BLACK SEARUSSIA_FOB FAR EAST
HRC2 - 8335-350365-370330-350
REBAR12 - 25350-365350-365340-345
WIRE-ROD6.5 - 8350-360350-360330-350
BILLET100 - 150290-300300-310315-320
world_capacity_proj.
GLOBAL : SURPLUS CAPACITY
(Qty's in Mt)
20052004200520042004200520042005 (E)%-VAR.2010 (P)%-CAGR_2005 v/s 2010
DEMANDN.A.N.A.0.050.12971N.A.N.A.9982.8%12073.9%
PRODUCTION2.852.350.960.091057-1053.190.0011256.4%13603.9%
CAPACITY7.085.480.230.101184-1176.680.0012505.6%16005.1%
SURPLUS CAPACITY1.671.410.560.38127-124.770.00125-1.6%24013.9%
&L&F&CPage &P of &N&R&A
china_Oct-05 (2)
CHINA
(Qty's in mt)
OCTOBERJANUARY - OCTOBER
OUTPUTIMPEXPAPP. CONSUMP.NET IMPORTEXPNET IMPORT
20052004200520042005200420052004200520042005200420052004
SEMISN.A.N.A.0.050.120.160.69N.A.N.A.0.110.576.143.52-5.010.20
M / H PLATES2.852.350.960.090.270.243.552.20-0.690.153.391.43-2.181.99
HR_STRIPS7.085.480.230.100.060.167.265.42-0.180.061.341.041.261.74
CR1.671.410.560.380.030.062.211.73-0.54-0.320.460.385.545.64
GP0.600.500.320.270.030.070.890.69-0.29-0.190.630.332.713.38
CC0.120.110.030.030.010.010.150.13-0.03-0.020.070.040.260.39
ELECT. STEEL0.240.150.080.120.010.010.310.27-0.07-0.120.080.070.961.33
STEEL PRODUCTS33.1026.771.931.631.341.5133.6926.89-0.59-0.1217.1510.144.7915.42
TOTAL STEEL / SEMISN.A.N.A.1.981.751.502.20N.A.N.A.-0.480.4523.2913.66-0.2215.62
COKE20.3316.860.000.000.821.6819.5115.190.8207641.67717710.6112.05-10.61-12.05
IRON ORE38.2728.2222.2716.330.000.0060.5544.55-22.274-16.3318010.000.00221.21167.40
&L&F&CPage &P of &N&R&A
china_Jan-Oct, 2005 (2)
CHINA
PERIOD : JAN-OCT(Qty's in mt)
OUTPUTIMPEXPAPP. CONSUMP.NET IMPORT
2005200420052004200520042005200420052004
SEMISN.A.N.A.1.133.726.143.52N.A.N.A.-5.010.20
M / H PLATES25.8221.581.213.423.391.4323.6423.57-2.181.99
HR_STRIPS65.2646.502.602.781.341.0466.5248.241.261.74
CR16.2612.536.006.020.460.3821.8118.175.545.64
GP4.453.403.343.710.630.337.166.782.713.38
CC1.360.900.330.430.070.041.621.290.260.39
ELECT. STEEL1.981.361.041.400.080.072.942.680.961.33
STEEL PRODUCTS301.92240.2821.9325.5617.1510.14306.70255.694.7915.42
TOTAL STEEL / SEMISN.A.N.A.23.0629.2823.2913.66N.A.N.A.-0.2215.62
COKE188.76148.710.000.0010.6112.05178.15136.66-10.61-12.05
IRON ORE318.96243.89221.21167.400.000.00540.16411.29221.21167.40
&L&F&CPage &P of &N&R&A
china_Oct-05
CHINA
(Qty's in mt)
OCTOBER(Qty's in mt)JANUARY - OCTOBER
OUTPUTIMPEXPAPP. CONSUMP.NET IMPORTOUTPUTAPP. CONSUMP.
20052004200520042005200420052004200520042005200420052004
SEMISN.A.N.A.0.050.120.160.69N.A.N.A.0.110.57N.A.N.A.N.A.N.A.
M / H PLATES2.852.350.960.090.270.243.552.20-0.690.1525.8221.5823.6423.57
HR_STRIPS7.085.480.230.100.060.167.265.42-0.180.0665.2646.5066.5248.24
CR1.671.410.560.380.030.062.211.73-0.54-0.3216.2612.5321.8118.17
GP0.600.500.320.270.030.070.890.69-0.29-0.194.453.407.166.78
CC0.120.110.030.030.010.010.150.13-0.03-0.021.360.901.621.29
ELECT. STEEL0.240.150.080.120.010.010.310.27-0.07-0.121.981.362.942.68
STEEL PRODUCTS33.1026.771.931.631.341.5133.6926.89-0.59-0.12301.92240.28306.70255.69
TOTAL STEEL / SEMISN.A.N.A.1.981.751.502.20N.A.N.A.-0.480.45N.A.N.A.N.A.N.A.
COKE20.3316.860.000.000.821.6819.5115.190.8207641.677177188.76148.71178.15136.66
IRON ORE38.2728.2222.2716.330.000.0060.5544.55-22.274-16.331801318.96243.89540.16411.29
&L&F&CPage &P of &N&R&A
china_Jan-Oct, 2005
CHINA
PERIOD : JAN-OCT(Qty's in mt)(Qty's in mt)
OUTPUTIMPEXPAPP. CONSUMP.NET IMPORT
2005200420052004200520042005200420052004
SEMISN.A.N.A.1.133.726.143.52N.A.N.A.-5.010.20
M / H PLATES25.8221.581.213.423.391.4323.6423.57-2.181.99
HR_STRIPS65.2646.502.602.781.341.0466.5248.241.261.74
CR16.2612.536.006.020.460.3821.8118.175.545.64
GP4.453.403.343.710.630.337.166.782.713.38
CC1.360.900.330.430.070.041.621.290.260.39
ELECT. STEEL1.981.361.041.400.080.072.942.680.961.33
STEEL PRODUCTS301.92240.2821.9325.5617.1510.14306.70255.694.7915.42
TOTAL STEEL / SEMISN.A.N.A.23.0629.2823.2913.66N.A.N.A.-0.2215.62
COKE188.76148.710.000.0010.6112.05178.15136.66-10.61-12.05
IRON ORE318.96243.89221.21167.400.000.00540.16411.29221.21167.40
&L&F&CPage &P of &N&R&A
iNDIA_Auto
PRODUCTION
PERIOD : JAN - NOV
CATEGORY
20042005%-VAR.
PASSENGER VEHICLES785$840$(55)7%
MED. / HVY. COMML. VEHICLES$130$108$22-17%
LIGHT COMML. VEHICLES$84$139$(55)65%
TOTAL AUTOMOBILE (4-WH.)$999$1,087$(88)9%
2 & 3 - WHEELERS$4,478$5,266$(788)18%
$5,477$6,35316%
iNDIA_Auto
000
000
000
000
000
&A
Page &P
2004
2005
%-VAR.
PRODUCTION ('000 UNITS)
%-VARIANCE
us_IMP._COATED
INDIA-US
20002001200220032004JAN-SEPT, 2004JAN-SEPT, 2005
TOTAL186154206157277251228
INDIA243116545126
%-SAHRE1%3%15%10%20%20%12%
us_IMP._COATED
000
000
000
000
000
000
000
&A
Page &P
TOTAL
INDIA
%-SAHRE
US_COATED STEEL_AVG. MTHLY IMPORTS ('000 mt)
%-SHARE OF COATED STEEL IMPORTS FROM INDIA
India-Exp-US_Jan-Oct-05
Indian exports to US ---- Qty. in Metric Tonnes (2005)
5-Jan5-Feb5-Mar5-Apr5-May5-Jun5-Jul5-Aug5-Sep5-OctTotal 2005
1Semis20.4818.129.516.449.5612.44089.122.770.91239.28
2Plates in Coils..........0
3Sheets Hot Rolled88.4123405.64,034946.4432.1....6,030
4CR1,6091,5466467785918357781,2357041,91010,632
5Sheets & Strip Galv Hot Dipped26,18327,20042,16247,66730,75223,9392,02427,3169,23028,294264,767
6Sheets & Strip All Other Metalic Coat..246.9......295.2542
7Electrical SteelNot Available
8Bars-Hot rolled681.1369.2281.9471.9336.5220.7349.7322.9211.15493,794
9Bars-Cold Finished1,1231,2511,4501,2601,7609261,2451,1241,2011,03912,379
10Total Bars1,8041,6201,7321,7322,0971,1471,5951,4471,4121,58816,173
11Bars-Reinforcing42.8........4386
12Wire Rods.52.134.933.518.334.817.5...191
13Standard Pipe6,5092,5312,3022,588827.22,2881,1262,1031,0943,91225,280
All Products44,17940,21655,10361,04443,04573,0609,89836,45039,49943,170445,664
Coated_Jan-Oct, 20041109801193381921801921802195062331163160813454013697653541133262302,778,890
All Products
Sheets & Strip Galv Hot Dipped
Standard Pipe
Bars-Cold Finished
Sheets Hot Rolled
Bars-Hot rolled
Wire Rods
Plates in Coils
Bars-Reinforcing
Sheets & Strip All Other Metalic Coat
US_Imp_NOV, 2005
US DATA
Y-O-Y
NOV-04NOV-05 (P)% Var
1Semis686421-39%
2Plates204135-34%
3HR439211-52%
4CR297160-46%
5HDG299180-40%
6Electrical Steel106-44%
7Hot Rolled Bars121105-13%
8Rebars1531594%
9Wire-Rods203109-46%
10Total Steel31152145-31.1%
-970
-31%
US_Imp_NOV, 2005
00
00
00
00
00
00
00
00
00
NOV-04
NOV-05 (P)
US_Imp_Jan-Nov, 2005
US DATA
Y-O-Y
JAN-NOV, 2004JAN-NOV, 2005% Var
1Semis62275564-11%
2Plates172117653%
3HR36752632-28%
4CR21901719-22%
5HDG23941889-21%
6Electrical Steel7370-5%
7Hot Rolled Bars14501388-4%
8Rebars17001188-30%
9Wire-Rods31522116-33%
10Total Steel2983226439-11.4%
-3393
-11%
0-970
0-0
US_Imp_Jan-Nov, 2005
00
00
00
00
00
00
00
00
00
JAN-NOV, 2004
JAN-NOV, 2005
US_Imp_Jan-OCT, 2005_W.S.
US DATA
Y-O-Y
Jan-Oct-04Jan-Oct-05% Var
1Semis55415142-7%
2Plates151616297%
3HR32352421-25%
4CR18921559-18%
5HDG20951708-18%
6Electrical Steel63641%
7Hot Rolled Bars13291283-3%
8Rebars15471029-33%
9Wire-Rods29492007-32%
10Total Steel2671624294-9%
0-970
0-0
USD-INR_Sept_Oct, 2005
1st Sept-0510th Oct-05VARIANCE%-VARIANCE
USD ~ INR44.1344.630.51.1%
EU ~ USD1.23361.2111-0.02-1.8%
USD ~ YEN110.71113.813.12.8%
USD-INR_Sept_Oct, 2005
0
0
0
Sheet7
INDICATIVE HOME PRICE : FOB_MILL (USD / mt)
PRODUCTUSEUCHINAINDIA
HR550385-505384470-505
CR680560-645604636
GP770580-645609659
Sheet6 (2)
DOMESTIC : HR - MATERIAL BALANCE ESTIMATE & PROJECTION
PRODUCERS2005-06_EXPECTED2006-07_PROJECTED
CAPACITYHR-DOM.CAPTIVEDOMESTICIMPORTSTOTALBALANCECAPACITYHR-DOM.CAPTIVEDOMESTICIMPORTSTOTALBALANCE
SAIL5500370015005200N.A.52003005500370015005200N.A.5200300
TATA310089019202810N.A.28102903200100020003000N.A.3000200
ESSAR300014702301700N.A.170013004100180015003300N.A.3300800
JSW220010002001200N.A.120010003000150010002500N.A.2500500
ISPAT25001740601800N.A.1800700360015005002000N.A.20001600
TOTAL16300880039101271012001391035901940095006500160001200172003400
2004-051407077753349111248001192421461630088003910127101200139103590
%-VAR.16%13%17%14%50%17%67%19%8%66%26%0%24%-5%
Sheet6
DOMESTIC : HR - MATERIAL BALANCE ESTIMATE & PROJECTION
PRODUCERS2005-06_EXPECTED2006-07_PROJECTED
CAPACITYHR-DOM.CAPTIVEIMPORTSTOTALBALANCECAPACITYHR-DOM.CAPTIVEIMPORTSTOTALBALANCE
SAIL550037001500N.A.5200300550037001500N.A.5200300
TATA31008901920N.A.2810290320010002000N.A.3000200
ESSAR30001470230N.A.17001300410018001500N.A.3300800
JSW22001000200N.A.12001000300015001000N.A.2500500
ISPAT2500174060N.A.180070036001500500N.A.20001600
TOTAL1630088003910120013910359019400950065001200172003400
Y-O-Y140707775334980011924214616300880039101200139103590
%-VAR.16%13%17%50%17%67%19%8%66%0%24%-5%
CHINA VS INDIA_PRICE_MKT PRICE
LOCAL MARKET PRICES (INCL. E.D. / VAT)0
PRODUCTCHINAlesslessINDIADIFF.
YUAN / mtUSD / mtINR / mtUSD / mtUSD / mt
IRON ORE_Fe-63%75092100650575105624-68
BILLET29803671002880239022500511144
SLAB300037010029002406N.A.N.A.N.A.
HR_3.0mm CTL38504751003750311227300620146
CR_0.6mm6000740100590048963475079050
HDG_0.4mm6150758100605050203550080748
Sheet2
SEPT-05 .. PRODUCTION / SHIPMENTSSEPT-05 .. BOOKINGS
USEUROPEMIDDLE EASTCHINAUSEUROPEMIDDLE EASTCHINA
0.3mm0.6mm0.7mm0.21-0.29mm0.3mm0.6mm0.7mm0.21-0.29mm
120-GSM275-GSM225-GSM120-GSM120-GSM275-GSM225-GSM120-GSM
CNF610573630620790620660670
OCEAN FREIGHT6050252760502527
FOB550523605593730570635643
USD ~ INR43.543.543.543.543.543.543.543.5
2392522768263182579631755247952762327971
DEPB95791110531032127099211051119
2488223679273702682733025257872872729089
LOCAL FRT500500500500500500500500
NET REALISATION2438223179268702632732525252872822728589
IND. PRICE2160021600216002160021600216002160021600
SPREAD278215795270472710925368766276989
=
DOMESTIC PRICE_0.4mm30750270002675032250
INDIA_PRICE_IMPORT PARITY
PRODUCTLOCAL MARKET PRICEIMP. PARITYIMP. OFFERS
INR / mtUSD / mtUSD / mtUSD / mt
HR_SHEET GUAGE26500602472420-460
HR_PLATE GUAGE27200618485420-460
CRCA_0.6mm34750790619N.A.
HDG_0.4mm35500807633N.A.
China_Import Equv. Price
PRODUCTLOCAL MARKET PRICE (INCL. VAT)lesslessIMP. EQUV. PRICEEXP. EQUV. PRICEREBATEEXP. EQUV. PRICE
YUAN / mtUSD / mtCFR_USD / mtUSD / mtFOB_USD / mt
IRON ORE_Fe-63%6908510059052264750N.A.
BILLET2980367100288023902953140314
SLAB3000370100290024062973160316
HR_3.0mm CTL38504751003750311238440645361
CR_0.7mm60007401005900489660463270563
HDG_0.5mm60507461005950493760963870567
China_Iron Ore Imports_H-1' (2)
Jan-Jul .. 7-Months .. %-SHARE
2004200420052005
AUSTRALIA40.523561.4640
INDIA29.942637.0424
BRAZIL24.652129.6119
S. AFRICA7.0566.474
TOTAL_IMPORTS115.93100152.82100
China_Iron Ore Imports_H-1' (2)
00
00
00
00
00
2005
2005
2004
2004
IRON ORE_IMPORT_QTY (Mt)
China_Iron Ore Imports_H-1'05
Jan-Jul .. 7-Months
20042005
AUSTRALIA40.5261.4661.46
INDIA29.9437.0437.04
BRAZIL24.6529.6129.61
S. AFRICA7.056.476.47
TOTAL_IMPORTS115.93152.82152.82
China_Iron Ore Imports_H-1'05
00
00
00
00
00
2004
2005
IRON ORE_IMPORT_QTY (Mt)
china_sept. 2005
CHINA
PERIOD : SEPT(Qty's in mt)
OUTPUTIMPEXPAPP. CONSUMP.NET EXPORT
2005200420052004200520042005200420052004
SEMISN.A.N.A.0.1140.0940.1380.639N.A.N.A.0.0240.545
M / H PLATES2.712.200.280.150.310.272.692.080.0220.12
HR_STRIPS6.645.310.370.150.130.146.895.32-0.245-0.01
CR1.781.390.720.400.040.042.461.75-0.68-0.36
GP0.500.320.370.300.040.050.830.57-0.33-0.25
CC0.160.090.040.030.010.010.190.12-0.033-0.027
STEEL PRODUCTS30.3524.822.501.781.361.3131.4925.29-1.14-0.47
TOTAL STEEL / SEMISN.A.N.A.2.611.871.501.95N.A.N.A.-1.1160.075
COKE18.8116.170.000.000.752.1018.0714.070.7452.1
IRON ORE34.3127.5423.0218.720.000.0057.3346.26-23.02-18.72
&L&F&CPage &P of &N&R&A
china_jan-sept. 2005
CHINA
PERIOD : JAN-SEPT(Qty's in mt)
OUTPUTIMPEXPAPP. CONSUMP.NET EXPORT
2005200420052004200520042005200420052004
SEMISN.A.N.A.1.083.605.992.83N.A.N.A.4.91-0.77
M / H PLATES22.9819.231.654.674.051.4620.5822.442.4-3.21
HR_STRIPS58.2541.032.372.681.280.8859.3442.83-1.09-1.8
CR14.5611.125.445.640.440.3219.5616.44-5-5.32
GP3.852.903.023.440.600.266.276.08-2.42-3.18
CC1.240.800.300.400.060.031.481.17-0.24-0.37
STEEL PRODUCTS255.28200.4019.9923.9315.808.63259.47215.70-4.19-15.3
TOTAL STEEL / SEMISN.A.N.A.21.0727.5321.7911.46N.A.N.A.0.72-16.07
COKE167.80131.860.000.009.7910.