Metals Weekly - Motilal Oswal

Metals Weekly - Motilal Oswal Metals Weekly - Motilal Oswal

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20 May 2013 8Metals WeeklyOther regionsNorth America: Monthly crude steel production11North America YoY (%)20(m tons)109100YoY (%)8-10Jun-11Aug-11Sep-11Nov-11Dec-11Feb-12Mar-12May-12Jun-12Jul-12Sep-12Oct-12Dec-12Jan-13Mar-13Global: Monthly crude steel production140Global YoY (%)20(m tons)130120YoY (%)0110-20Jun-11Aug-11Sep-11Nov-11Dec-11Feb-12Mar-12May-12Jun-12Jul-12Sep-12Oct-12Dec-12Jan-13Mar-13Global: Monthly crude steel capacity utilization84Capacity Utilization81Percentage78757269Mar-11May-11Jul-11Sep-11Nov-11Dec-11Feb-12Apr-12Jun-12Jul-12Sep-12Nov-12Jan-13Mar-13Source: Bloomberg, WSA, MOSL

20 May 2013 9Metals WeeklySteel raw materialsIndian 63.5% grade iron-ore fines in China (USD/ton)160CIFFOBChina spot CFR iron ore pricesdecreased 6% WoW toUSD125/ton DMT14012010080May-12Jul-12Aug-12Sep-12Oct-12Dec-12Jan-13Feb-13Apr-13May-13OTC iron-ore swaps (USD/ton)1503Q13 4Q13 20141301109012-Jan-1319-Jan-1326-Jan-132-Feb-139-Feb-1316-Feb-1323-Feb-132-Mar-139-Mar-1316-Mar-1323-Mar-1330-Mar-136-Apr-1313-Apr-1320-Apr-1327-Apr-134-May-1311-May-1318-May-13China iron-ore production and imports (m tons)Ore Imports Ore Prod Pig iron prod (RHS)m tons150120906030706560555045May-11Jul-11Sep-11Nov-11Jan-12Mar-12May-12Jul-12Sep-12Nov-12Jan-13Mar-13China iron-ore inventories (m tons)11010090807060Jun-11Jul-11Sep-11Nov-11Dec-11Feb-12Apr-12May-12Jul-12Sep-12Oct-12Dec-12Feb-13Mar-13May-13Source: Metal Bulletin, Bloomberg, MOSL

20 May 2013 8<strong>Metals</strong> <strong>Weekly</strong>Other regionsNorth America: Monthly crude steel production11North America YoY (%)20(m tons)109100YoY (%)8-10Jun-11Aug-11Sep-11Nov-11Dec-11Feb-12Mar-12May-12Jun-12Jul-12Sep-12Oct-12Dec-12Jan-13Mar-13Global: Monthly crude steel production140Global YoY (%)20(m tons)130120YoY (%)0110-20Jun-11Aug-11Sep-11Nov-11Dec-11Feb-12Mar-12May-12Jun-12Jul-12Sep-12Oct-12Dec-12Jan-13Mar-13Global: Monthly crude steel capacity utilization84Capacity Utilization81Percentage78757269Mar-11May-11Jul-11Sep-11Nov-11Dec-11Feb-12Apr-12Jun-12Jul-12Sep-12Nov-12Jan-13Mar-13Source: Bloomberg, WSA, MOSL

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