Experts Predict World Steel Shortage

According to World Steel Dynamics October report, factors supporting this forecast of a global steel short possibility include: A tight supply of steel sheet in China; rising hot-rolled band export prices for the Russian mills; increasing steel sheet prices in Western Europe (albeit at a slowed rate); tightening coke supplies on the world market; a global 97 percent effective-capacity operating rate for steelmaking units probably low steel user inventories in most countries; steady world steel export quotes after a surge since the lows last December; firm prices for steel slab; an improving outlook for the global economy in 2003; and seasonal forces that typically promote a rise in many steel mills' new orders starting in December and lasting through March.

Reprinted from World Steel Dynamics October 2002 Angles online.