10th AMM Pipe and Tube Conference - Panel Discussion on Steel
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10th AMM Pipe and Tube Conference Raw Material Analysis: Procurement Trends
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10th AMM Pipe and Tube Conference - Panel Discussion on Steel
- 1. The image part with relationship ID rId3 was not found in the file. AMM – 10th Annual Pipe and Tube Conference Raw Material Analysis: Procurement Trends 10th AMM Pipe and Tube Conference 8th-9th March, 2017 Houston Dhaval Trivedi Borusan Mannesmann
- 2. The image part with relationship ID rId3 was not found in the file. The image part with relationship ID rId3 was not found in the file. Raw Material Analysis: Procurement Trends AMM – 10th Annual Pipe and Tube Conference Discussion Points… • How have duties placed on imports of HRC from certain countries changed procurement strategies for welded pipe producers? • Are there other sources of price competitive HRC available? • How will this change price dynamics when it comes to welded vs seamless pipe? • Will price changes be passed on to consumers of tube and pipe?
- 3. The image part with relationship ID rId3 was not found in the file. The image part with relationship ID rId3 was not found in the file. USA Steel and Steel Product Imports - 2016 AMM – 10th Annual Pipe and Tube Conference US Department of Commerce reported… • World’s Largest Steel Importer: 22.6 million metric tons • Import Penetration Down to 29.9% in YTD 2016 from 34.7% in YTD 2015 • Top Three Import Sources: Canada, Brazil and South Korea • Largest Producers: Nucor, US Steel and ArcelorMittal USA • 116 Trade Remedies in effect against imports of Steel Mill Products 9.10 5.40 4.50 2.90 0.65 - 2.00 4.00 6.00 8.00 10.00 Flat Long Semi-Finished Pipe and Tube Stainless 2016 YTD - Steel Imports 40.30 35.46 22.60 - 10.00 20.00 30.00 40.00 50.00 2014 2015 2016 Steel Imports - Last Three Years Data in Million Metric Tons, Data Resource: US Department of Commerce, Enforcement and Compliance Report December 2016
- 4. The image part with relationship ID rId2 was not found in the file. The image part with relationship ID rId2 was not found in the file. Global Trade Measures on Hot Rolled Steel - 2016 AMM – 10th Annual Pipe and Tube Conference USA: August 3, 2016 – AD/CVD on 7 Countries European Union: Oct 7, 2016 – Duties on Chinese HRC India: March 23, 2016 – Safeguard Duties Mexico: April 4, 2016 – Extended Import Duties Brazil: Nov 21, 2016 – Anti-Subsidy Investigation launched against HRC from China Australia Nov 10, 2016 – Anti- Dumping Investigation launched Turkey: Apr 20, 2016 – Anti- Dumping Investigation was withdrawn Data Resource: AMM Research & Metal Bulletin Research
- 5. The image part with relationship ID rId2 was not found in the file. The image part with relationship ID rId2 was not found in the file. Top 10 Steel Producing Countries & Steel Consumption AMM – 10th Annual Pipe and Tube Conference Global Crude Steel production is approximately 1500 Million Metric Tons Annually. 804 105 89 79 71 70 43 33 32 23 672 63 80 96 40 56 39 21 34 3 98 35 -5.7 -27 25 10 0.3 11 -3.7 17 -50 50 150 250 350 450 550 650 750 850 China Japan India USA Russia S Korea Germany Brazil Turkey Ukraine Net Export Finished Steel Consumption Production Data Resource: World Steel Association and Department of Commerce, US Government Data is in Metric Tons for reporting year 2015
- 6. The image part with relationship ID rId2 was not found in the file. Price Trends 2014-2016 The image part with relationship ID rId2 was not found in the file. AMM – 10th Annual Pipe and Tube Conference $143 $246 $359 $637 $37 $102 $270 $379 64% 66% 68% 70% 72% 74% 76% 78% 80% $- $100 $200 $300 $400 $500 $600 $700 $800 Jan-2014 Feb-2014 Mar-2014 Apr-2014 May-2014 Jun-2014 Jul-2014 Aug-2014 Sep-2014 Oct-2014 Nov-2014 Dec-2014 Jan-2015 Feb-2015 Mar-2015 Apr-2015 May-2015 Jun-2015 Jul-2015 Aug-2015 Sep-2015 Oct-2015 Nov-2015 Dec-2015 Jan-2016 Feb-2016 Mar-2016 Apr-2016 May-2016 Jun-2016 Jul-2016 Aug-2016 Sep-2016 Oct-2016 Nov-2016 Dec-2016 Jan-2017 MillUtilization US$/shortton #1 Busheling Scrap - Chicago HRC Midwest Iron Ore 62% Fe, CFR China 1st Grade Coke, FOB China Billet, FOB Turkey US Mill Utilization Global Mill Utilization Mar 15, 2016 – Preliminary Duties Announced in USA Data Resource: AMM Research, Metal Bulletin Research, WSA and AISI
- 7. The image part with relationship ID rId2 was not found in the file. HRC Price and OCTG Consumption 2015-2016 The image part with relationship ID rId2 was not found in the file. AMM – 10th Annual Pipe and Tube Conference 0.79 0.20 0.19 0.37 4.40 13.20 13.90 6.60 - 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 $- $100 $200 $300 $400 $500 $600 $700 OCTG Consumption (Million Tons) #1 Busheling Scrap - Chicago HRC Midwest Months of Supply Mar 15, 2016 – Preliminary Duties Announced in USA Data Resource: AMM Research, Metal Bulletin Research and OCTG Situation Report
- 8. The image part with relationship ID rId2 was not found in the file. Notable Steel Import Trends for Last 6 Months The image part with relationship ID rId2 was not found in the file. AMM – 10th Annual Pipe and Tube Conference Data Resource: US Department of Commerce, Enforcement and Compliance SIMA (Steel Import Monitor) Product Country Monthly Average Between Nov 2016 & Jan 2017 Monthly Average Between Aug 2016 & Oct 2016 % Change Blooms, Billets & Slabs World 50,857 7,890 545% Argentina 12,551 3,286 282% Canada 6,154 2,456 151% Korea 52,639 22,306 136% World 133,683 77,358 73% Canada 7,869 1,951 303% India 13,227 3,396 289% Greece 14,000 5,605 150% Structural Pipe & Tube Korea 10,391 5,020 107% Hot Rolled Sheets Korea 13,570 70,499 -81% Oil Country Goods Line Pipe
- 9. The image part with relationship ID rId2 was not found in the file. Major Steel Mills in USA The image part with relationship ID rId2 was not found in the file. AMM – 10th Annual Pipe and Tube Conference Furnace Type Annual Capacity (Million Tons) Notes AK Steel BOF 8.20 ArcelorMittal BOF 21.60 Riverdale Idled, Hot Strip Mill in Indiana Harbor Idled. EAF 0.88 Big River Steel* EAF 1.60 Start-up Operation NLMK EAF 0.80 Nucor EAF 14.80 SSAB EAF 2.50 Steel Dynamics EAF 6.40 United States Steel BOF 17.50 Fairfield Permanently Idled in Aug 2015, Granite City Temporarily Idled
- 10. The image part with relationship ID rId2 was not found in the file. Thank you! The image part with relationship ID rId2 was not found in the file. AMM – 10th Annual Pipe and Tube Conference Questions….???