STEEL INDUSTRY PROFILE

STEEL INDUSTRY PROFILE

Global Steel Industry

The crude steel production for 66 countries reporting to the World Steel Association was 1220 million tons for calendar year 2009, lower by 8% against that of 2008. Hit by the economic downturn, the drop in production was nearly in all steel producing countries barring positive growth recorded in China, India and the Middle East. In most countries including the developed steel markets of the EU, The U.S.A; Japan, Brazil, CIS deterioration in the economy resulted in a sharp decline of demand in key steel using sectors. The following table shows the growth in terms of crude steel production for the top ten steel producing nations:

Rank	Country	2010	2009	Change
1.	China	626,654	573,567	9.26%
2.	Japan	109,600	87,534	25.21%
3.	U.S.A.	80,594	58,196	38.49%
4.	Russia	67,021	60,011	11.68%
5.	India	66,848	62,838	6.38%
6.	South Korea	58,453	48,572	20.34%
7.	Germany	43,815	32,670	34.11%
8.	Ukraine	33,559	29,855	12.41%
9.	Brazil	32,820	26,507	23.82%
10.	Turkey	29,002	25,304	14.61%

(Figures in Thousand Metric Tons)

As a result of the strong growth in china in sharp contrast to the decline in major parts of the globe, the list of the top ten steel producing companies during 2009 was dominated by Chinese companies.