Insight
Steel: 2012 in review and the outlook for 2013
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Report summary
Last year was a particularly dismal year for the global steel industry. A glut of installed capacity continued to overhang a sluggish global market keeping capacity utilization rates at pre-GFC levels. As a result mills possessed little pricing power while continuing to be at the mercy of an ever volatile raw materials market. The key word for 2012 was 'squeeze'! As we have entered the new year, sentiment is certainly more positive, yet how the year may play out remains far from certain.
What's included
This report contains
Table of contents
- Steel in 2012 – better forgotten?
- Steel in 2013 – better than last year?
- Conclusion
Tables and charts
This report includes 4 images and tables including:
Tables
- China should see a stronger year for demand in 2013
Images
- 2012 was a weak year for many key regions
- While overcapacity continued to pressure margins
- Europe's ‘periphery' may drag down the ‘core'
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