ISSf annual revIew

2012

Table of CoNTeNTS

MeSSageS / MeMberS / econoMIc Data ISSF Chairmans Message Secretary Generals Message ISSF Board Members ISSF Members and Staff ISSF and Economic Data

3 4 5 7 8 10

100 yearS of StaInleSS Steel Market Development Long Products Health & Environment Economics & Statistics

15 18 19 21 25

p3 ISSf annual revIew 2012

MeSSageS MeMberS eCoNoMiC DaTa

ISSf annual revIew 2012 - 4

iSSf ChairMaNS Message

The stainless steel industry that we know today began barely a century ago with its discovery and commercialisation. In those early years, just a few tonnes of stainless were produced annually, mainly in France, Germany, the United Kingdom and the United States. Different industries were quick to recognise the potential of stainless steel and started using it to manufacture products for food, medical and chemical applications. Today stainless steel is produced on an industrial scale in around 30 countries and it is marketed in almost every country around the world. The number of applications for stainless has also grown. Today it is found in some of the most high-tech applications computers, mobile telephones, and even the Large Hadron Collider which is seeking answers to the fundamental questions in physics.

bernarDo velazquez

- Chairman of the International Stainless Steel Forum Board

Over the past 100 years we have seen production increasingly move to the east and today Asia makes 70% of the worlds stainless steel. One country in that region dominates China. Today, China alone accounts for almost 40% of all the stainless steel produced in the world. Many people ask me just how big an influence China will be on our industry in the future. With a population of over a billion people, the answer is potentially enormous. But its also important to note that the stainless steel industry is still evolving. We started using stainless steel for its corrosion properties, later we exploited its mechanical properties and then we discovered its beautiful surface. Today we use stainless steel for all three. Both the industry and the applications for stainless steel have changed dramatically over the past 100 years. This is bound to continue over the next century. While Asia dominates today, there are new horizons beyond. Brazil, Russia and India are maturing economies and we are sure to see these countries move up the list of stainless steel consumers as their economies develop, and we hope to see more countries added to this list. We only need to look back 50 years to see this evolution. In 1960 the world produced 2.3 million tonnes of stainless steel. In 2011, we reached production of 32.1 million tonnes a 15-fold increase in just fifty years. In 1960, the United States, the USSR, Germany, Japan, and the United Kingdom were the five largest stainless steel producing countries in the world. Today, just Japan and the US remain in the top five. It is worth noting that in 1960, the US share of world production was almost identical to Chinas today. The applications for stainless steel are also set to grow. In the pages of this Annual Review you will see just some of the contemporary ways this remarkable material is being used. If you are lucky enough to see the 100 Years of Stainless Steel exhibition as it travels the world, you will get some idea of how these applications have developed. There is no doubt that over the next 100 years, the market for stainless steel will continue to grow and develop as mankind finds new uses for this remarkable material. Lets work together to find the applications of the future. Welcome to another century of innovation! Bernardo Velzquez Chairman of the ISSF Board

ISSf annual revIew 2012 - 5

SeCreTary geNeralS Message

It has been another record year for the world stainless steel industry with production growing by 3.3% to reach 32.1 million tonnes (Mt) in 2011. While Chinas stainless steel production grew by just under 12% in 2011, other areas of the world did not perform as well reflecting the uneven recovery of the global economy. Excluding China, production in Asia actually fell by 2.7% compared to 2010. Stainless production also fell in the Americas (by 4.7%) and remained at 2010 levels in the Western Europe/Africa region. Within ISSF it has been another busy year. ISSFs new Raw Materials Committee, formed during our conference in Madrid last year, has started work. The Committee is charged with providing ISSF members with in-depth information on raw material issues and supply. In 2011 the Committee developed its first position paper which was delivered to the November meeting of the G20. The paper provided the stainless steel industrys view on raw material price volatility. A dedicated ISSF Fellow is currently researching the effect of nickel pig iron on the stainless industry. Other studies will follow on subjects such as raw materials availability and future supply. The Market Development Committee (MDC) continued its work on developing new ideas and markets, with a focus on sustainable stainless steel applications in the biogas and water markets. New brochures on these topics are being prepared for use by our members. The MDC has also been busy delivering our positive messages about stainless at numerous conferences and exhibitions around the world. Nine years ago, ISSF established its own Economics and Statistics department, headed by Peter Kaumanns. Using data that Peter and his team have gathered over the past decade, ISSF will release the first edition of Stainless Steel in Figures at our Beijing conference. The booklet will include data on the industrys historical performance, actual production, and the potential demand for stainless steel around the world. In 2011, our Economics and Statistics department began to collect stock statistics for both hot- and cold-rolled flat stainless steel products on a quarterly basis. Consolidated data from North America, Europe and Asia is provided to members via the Extranet. This year we have also expanded the ISSF Stock Cycle Review to include near-term forecasts of apparent stainless steel use. Early feedback from members has been positive. Stainless rebar has exceptional mechanical resistance in the event of a fire, and this property makes it ideal for use in applications such as reinforcing bar (rebar) in construction. However, few major building codes include stainless steel. ISSFs Long Products Committee is working on a new project to add stainless steel to the new European structural design codes (known as Eurocodes).

PaScal Payet-gaSParD

- Secretary General, International Stainless Steel Forum

ISSf annual revIew 2012 - 6

ISSFs Long Products Committee, with the support of our Communications team, have been developing a new animation and brochure which outline the benefits of using stainless steel in tunnel applications. Through a series of real-world case studies, the different applications for stainless steel in tunnels are explored and show why stainless steel is the perfect material for both tunnel construction and interior applications. Our main website worldstainless.org has undergone a major revamp during the early part of 2012 in order to improve communications with our major stakeholders. At the same time, ISSFs specialist websites stainlessconstruction.com; streetfurniture.org; and sustainablestainless.org have also been updated to improve usability and strengthen the resources on offer. A dedicated website has also been created to celebrate the 100 Years of Stainless Steel stainlesssteelcentenary.info. As well as information about the travelling exhibition and the history of stainless steel, the website includes a new video which has been released to mark the centenary. The Health & Environment Committee (H&E) has continued to focus its efforts on safety and sustainability. Safety is the major priority of our industry and the exchange of experiences, knowledge, and best practices has been a major focus again in 2011. Our first ever Sustainability Award was presented during ISSFs 2011 Annual Conference. The Award recognises the significant contributions our members are making to create a sustainable stainless steel industry. The standard of entries was extremely high. The 2011 Award was won by Outokumpu for reducing waste to landfill. The three-year project saw Outokumpus Sheffield melt shop (SMAC), reduce the waste it sent to landfill by 44%. The number of entries for the 2012 Sustainability Award has more than doubled and the winner will be announced during ISSF-16 in Beijing. Id like to take this opportunity to thank the members, staff and friends of ISSF for your continuing contributions to our work and trust that we can count on that support in the coming year. Pascal Payet-Gaspard Secretary General, ISSF

ISSf annual revIew 2012 - 7

iSSf boarD MeMbers

bernarDo velzquez
Acerinox Group

PhIlIPPe DarMayan
Aperam

DIngbo lou
Baosteel Stainless Steel Co., Ltd.

DavID MartIn
Columbus Stainless (Pty) Ltd.

taDaShI ShIMao
Daido Steel Co., Ltd.

hIroShI ueDa
JFE Steel Corporation

ratan JInDal
Jindal Stainless Ltd.

hIroShI kInoShIta
Nippon Steel & Sumikin Stainless Steel

toShInorI MIkI
Nisshin Steel Co., Ltd.

MIka SeItovIrta
Outokumpu

Joon-SIk kIM
POSCO

beneDIkt nIeMeyer
SCHMOLZ + BICKENBACH

XIaobo lI
Taiyuan Iron & Steel (Group) Co. Ltd.

cleMenS Iller
ThyssenKrupp Nirosta GmbH

PaScal Payet-gaSParD
International Stainless Steel Forum

Jeffrey hSu (YUSCO Group)

Not pictured:

ISSf annual revIew 2012 - 8

iSSf MeMberS aND sTaFF

ISSf coMPany MeMberS ACERINOX S.A. Aichi Steel Corporation Aperam Stainless Aperam Stainless & Electrical Steel Brazil Aperam Stainless Europe ArcelorMittal Industeel Benelux N.V. Baosteel Stainless Steel Co., Ltd. BNG Steel Company Ltd. Bllinghaus GmbH & Co. KG Carpenter Technology Corporation Cogne Acciai Speciali Spa Columbus Stainless (Pty) Ltd. Daido Steel Co., Ltd. Deutsche Edelstahlwerke GmbH (DEW) Gerdau Aos Especiais HYUNDAI Steel Company JFE Holdings Inc. Jindal Stainless Ltd Nippon Kinzoku Co., Ltd. Nippon Metal Industry Co. Ltd. Nippon Steel & Sumikin Stainless Steel Corp. (NSSC) Nippon Yakin Kogyo Co., Ltd. Nisshin Steel Co., Ltd.

North American Stainless (NAS) Outokumpu Oyj POSCO POSCO Specialty Steel Co., Ltd. POSCO-Thainox Public Company Limited SCHMOLZ + BICKENBACH Shanghai Krupp Stainless (SKS) SIJ Slovenian Steel Group Steel Authority of India Ltd. (SAIL) Sumitomo Metal Industries, Ltd. Sunflag Iron & Steel Co. Ltd. (SISCO) Taiyuan Iron & Steel (Group) Co. Ltd. (TISCO) Tang Eng Iron Works Co. Ltd. ThyssenKrupp Acciai Speciali Terni S.p.A. ThyssenKrupp Mexinox S.A de C.V. ThyssenKrupp Nirosta GmbH UGITECH SA Villares Metals Walsin Lihwa Corp., Yenshuei Plant Yieh United Steel Corporation (YUSCO) Zhangjiagang Pohang Stainless Steel Co.,Ltd. (ZPSS)

ISSf annual revIew 2012 - 9

ISSf affIlIateD MeMberS Associao Brasileira do Ao Inoxidvel - Abinox Australian Stainless Steel Development Association (ASSDA) British Stainless Steel Association (BSSA) CEDINOX Centro Inox Edelstahl-Vereinigung e.V. Euro Inox EUROFER (The European Steel Association) IMINOX (Instituto Mexicano del Inoxidable, A.C.) Indian Stainless Steel Development Association (ISSDA) Informationsstelle Edelstahl Rostfrei (ISER) Japan Stainless Steel Association ( JSSA) Jernkontoret Korea Iron and Steel Association (KOSA)

New Zealand Stainless Steel Development Association (NZSSDA) PASDER Polska Unia Dystrybutorw Stali (PUDS) Sassda (Southern Africa Stainless Steel Development Association) Special Steel & Alloys Consumers & Suppliers Association (Spetsstal Association-USSA) Specialty Steel Industry of North America (SSINA) Stainless Steel Council of China Special Steel Enterprises Association (CSSC) Swiss Inox Taiwan Steel and Iron Industries Association Thai Stainless Steel Development Association (TSSDA) Unin de Empresas Siderrgicas (UNESID)

ISSf Staff (as at May 2012) Pascal Payet-Gaspard, Secretary General Jo Claes, Administration and Communications Manager Bernard Hritier, Market Development Manager, Long Products Peter Kaumanns, Director - Economics and Statistics, and Long Products Toshiaki Miyamoto, Market Development and Sustainability Manager Taro Momma, Stainless Steel Fellow, Health and Environment Takehito Nazuka, Health and Environment Manager Vinayak Singal, Stainless Steel Fellow, Raw Materials Esmeralda Vaglio, Assistant Mingtao Wang, Stainless Steel Fellow, Market Development John Wu, Stainless Steel Fellow, Market Statistics China

ISSf annual revIew 2012 - 10

iSSf aND eCoNoMiC DaTa

cruDe Steel ProDuctIon According to preliminary figures released by ISSF in April 2012, the world produced 32.1 million metric tonnes (Mt) of stainless steel in 2011, a new record. This is a rise of 3.3% compared to 2011. China remained the driving force in stainless steel production with growth of 11.9% in 2011. The country now produces almost 40% of the worlds stainless steel.
Stainless crude steel production (1,000 metric tonnes) (2002 - 2011) Asia (excluding China) Central + Eastern Europe
35,000 30,000 25,000 20,000 15,000 10,000 5,000 0
2002
+7.8% 20,663 mmt

W. Europe/Africa China

Americas

2003
+10.6% 22,861 mmt

2004
+7.5% 24,583 mmt

2005
-1.0% 24,320 mmt

2006
+16.9% 28,400 mmt

2007
-2.0% 27,836 mmt

2008
-6.8% 25,930 mmt

2009
-5.3% 24,904 mmt

2010
+25.0% 31,094 mmt

2011(p)
+3.3% 32,110 mmt

Stainless crude steel production by quarter (kilo-tonnes/year) (2002 - 2011) Quarter 1

9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011(p)

Quarter 2

Quarter 3

Quarter 4

ISSf annual revIew 2012 - 11

Market Share by graDe Based on available data, ISSF estimates the market share of the three categories of stainless steel. The following graphs show the market share for each grade both globally and by region.
Market share of stainless grades by category (2006 - 2011) Cr
100% 80% 60% 40% 20% 0%
2006 2007 2008 2009 2010 Q1 Q2 Q3 Q4

CrMn

CrNi
------------- 2011p (quarters) -------------

Market share of stainless grades by region (2009 - 2011) Cr CrMn CrNi others/not known
----- Asia --------- World -----

----- EuroAfrica -----

----- Americas -----

2009

2010

2011p

2009

2010

2011p

2009

2010

2011p

2009

2010

2011p

ISSf annual revIew 2012 - 12

DeManD The following graphs show the real demand for stainless steel. The graphs show demand by product type and by region from 2011 to 2013 and forecast real demand by product type for the same period.
growth in real demand for stainless by product (2011 - 2013) Cold Flat
9 8 7 6 5 4 3 2 1 0
2011p 2012e, p 2013e, p

Hot Flat

Long Products

All

growth in real demand for stainless by region (2011 - 2013) EuroAfrica

12 10 8 6 4 2 0 -2
2011p 2012e, p 2013e, p

Americas

Asia

China

World

ISSf annual revIew 2012 - 13

MeMberShIP ISSFs membership has grown steadily since the organisation was founded in 1996. Today ISSF represents 70 companies in 25 countries.
growth of ISSf membership (1996 - 2012) ISSF Members
80 70 60 50 40 30 20 10 0
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

100 yearS of sTaiNless sTeel

ISSf annual revIew 2012 - 16

In 2012, the global stainless steel community will mark a century since stainless steels were first created, patented and produced. Over that time, stainless steel has grown to be an integral part of our modern world. To celebrate the anniversary, ISSF and the members of the Team Stainless network have prepared a travelling exhibition about stainless steel. Titled 100 Years of Stainless Steel the exhibition will be launched in Beijing (China) on 15 May 2012 before moving to a number of other locations around the world. As well as covering the history of stainless steel, the exhibition also features information about the many innovative and high-tech applications in which it is utilised. It also includes information on the markets

for stainless and how they have developed over the past 100 years. Visitors to the exhibition will also discover how stainless steels recycling properties make it one of the most sustainable materials known to mankind. More information about the exhibition, and the history of stainless steel can be found at www.stainlesssteelcentenary.info The site also includes a new video which has been released to mark the centenary.

ISSf annual revIew 2012 - 17

Over the past year, ISSFs websites have undergone major upgrades to improve communications with our major stakeholders. Our sites include: www.worldstainless.org The site for facts and general information about the global stainless steel industry, stainless steel applications and the activities of ISSF. ISSF and its member companies believe that sustainability is about much more than the environment. Its about creating an industry that cares for its people, its long-term financial wellbeing and the planet. The sustainablestainless.org website outlines actions the industry is taking to nurture its people, profit and the planet, as well as the inherent properties which make stainless steel a sustainable product. With its low maintenance requirements and non-corrosive properties, stainless steel is an ideal material for street furniture applications. www.street-furniture.org contains all the information town planners, architects and governments need to know about utilising stainless steel in street furniture applications such as lighting, signage, street furniture and even art. Team Stainless is an informal network which includes the development associations that represent the main alloying elements in stainless steel. The Team Stainless website provides an overview of the activities the network carries out in order to promote stainless steel. Targeted at architects, designers, engineers, fabricators, installers and academics, this website contains relevant information such as building codes and standards from around the world, design data, fabrication and installation documentation, case studies and research papers.

www.sustainablestainless.org

www.street-furniture.org

www.teamstainless.org

www.stainlessconstruction.com

ISSf annual revIew 2012 - 18

MarKeT DeVeloPMeNT
Over the past 100 years, many innovative and useful products have been created with stainless steel. Throughout this Annual Review you will see just some of the many applications which rely on the unique properties of stainless steel. Some of the applications we come across every day include: Medical applications. Improvements in hygiene in hospitals and medical practice can be linked to the widespread use of stainless steel in medical applications. Disk drives. Without stainless steel, digital information would be much more susceptible to the effects of corrosion. Thanks to stainless, our ability to store and access information has been greatly improved, enabling advances in our society. Exhaust systems. Vehicle exhaust systems must operate at high temperatures and in a corrosive environment. Only stainless steel can meet these criteria. White goods. Household appliances are increasingly relying on stainless steel for its corrosion resistance properties and inherent strength.

Stainless steel medical applications such as this hip joint ensure people can live long and productive lives.

Disk drives are just one of the many high-tech applications that rely on stainless steel.

ISSf annual revIew 2012 - 19

loNg ProDUCTS

Stainless steel provides excellent fire resistance for safety applications such as fire doors in tunnels

The market for long stainless steel products continues to grow. Long stainless steel products such as reinforcing bar are finding more and more applications as manufacturers become aware of their corrosion resistance, high strength and performance in a fire. Unlike carbon steel rebar which can corrode and cause concrete cracking and spalling, stainless rebar remains inert almost indefinitely saving on maintenance throughout the entire life of the application. StaInleSS Steel rebar ProvIDeS fIre reSIStance Along with its corrosion resistance properties, stainless steel reinforcing bar (rebar) provides excellent mechanical resistance to extreme changes of temperature. This later property makes stainless rebar an ideal material where fire resistance is a consideration. However, the use of stainless steel rebar in fire resistance applications remains very limited as the material is not included in most major building codes. In order to establish stainless in these codes, a comprehensive technical submission must be filed.

For example, to add stainless steel to the new European structural design codes (known as Eurocodes), isothermal tensile and anisothermal tests must be performed. While expensive and time consuming, the submission will ensure stainless rebar is included in Eurocodes and other building codes. ISSF has decided to start the process of including stainless steel rebar in Eurocodes. Facilities which are capable of carrying out the various parts of the testing programme have been identified and an overall cost has been calculated. The plan is to fund the testing and data analysis by forming a consortium of interested ISSF members and non-ISSF stakeholders. Testing and data analysis will commence in early 2013. The goal is to have stainless steel rebar included in Eurocodes by 2016 with other building codes to follow.

ISSf annual revIew 2012 - 20

Water mist systems in tunnels rely on stainless steel to increase safety and reduce damage in the event of a fire. StaInleSS Steel In tunnelS One obvious application for stainless steel is in the many road, rail and utility tunnels which are being built or upgraded around the world. Material requirements for tunnels include corrosion resistance in aggressive environments, low maintenance and fire resistance. Properly specified stainless steels exhibit all of these properties, and will last for the planned life of the tunnel. During ISSF-16, the Long Products Committee will launch a new animation and brochure which outline the wide-range of applications for long and flat stainless steel products in tunnels and its many advantages. The animation and brochure have been prepared in cooperation with ISSFs Market Development Committee and the Nickel Institute using real world examples which explain why stainless should be the material of choice for new and existing tunnels.

ISSf annual revIew 2012 - 21

healTh & eNViroNMeNT

When stainless steel was first discovered it found an immediate market thanks to its ability to resist corrosion. A century later, stainless is still resisting corrosion. However, it is stainless steels environmental sustainability that is winning over customers today. It is no surprise as stainless steel is 100% recyclable, over and over again. In fact, it is likely that some of the first stainless ever produced has been recycled to make a new product at least three or four times over the past century. Today, more than 70% of the stainless steel produced is recycled as stainless steel at the end of its life. Much of the remaining 30% is recycled into carbon steel. Over its useful lifetime, a stainless steel product requires very little maintenance. This further limits the environmental impact of stainless steel. Stainless steel products are also safe for human beings. Thats why it has been utilised in hospitals and medical applications since it was first discovered. Although it is already one of the most sustainable products known to mankind, the stainless steel industry remains committed to further reduce its impact on the planet.

ISSf annual revIew 2012 - 22

SuStaInabIlIty awarD 2012 In 2011, ISSF presented its first ever Sustainability Award. The Award recognises the outstanding contribution of a member company to the sustainability of the stainless steel industry. Fifteen member companies have submitted entries for the 2012 Sustainability Award which will be presented during ISSF-16 in Beijing. In total, 36 case studies have been entered into the 2012 award, more than double the total in 2011. The 2011 edition attracted 17 entries from 11 of ISSFs member companies. The Award was won by Outokumpu for its Reducing Waste to Landfill project. The three-year project saw Outokumpus Sheffield melt shop (SMAC), reduce the waste it sent to landfill by 44%.

ISSf annual revIew 2012 - 23

ProDuctIon Safety 2011 ISSF attempts to gain an overall perspective of the safety performance of the stainless steel industry through our annual production safety survey. Members contribute data about the frequency of lost-time injuries and the number of fatalities they have recorded. The data in the following graphs shows the latest data available for 2011, as well as historical data.

lost-time frequency rates by employment type (2001 - 2011) Employees

25.0 20.0 15.0 10.0 5.0 0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

number of fatalities (2001 - 2011)

Contractors
12 10 8 6 4 2 0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

lost-time frequency rates for all industry employees (2001 - 2011)

number of reporting companies (2001 - 2011)

20.0 18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

35 30 25 15 10

12 20 10 8 5
0

6 4 2 0

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2003

2004

2005

2006

2007

2008

2009

2010

ISSf annual revIew 2012 - 24

lIfe cycle Inventory Understanding the life cycle of stainless steel enables us to make an inventory of the materials, energy and emissions required for its production. In 2010, ISSF published new datasets containing the life cycle inventory (LCI) for stainless steel. However, these datasets were based on producing stainless steel completely from raw materials. As stainless steel is 100% recyclable and has one of the highest recycling rates of any material, this affects the materials LCI. To account for this, ISSFs Health and Environment Committee has prepared new datasets which show the LCI of stainless steel both with and without the recycling credit.

It is important to note that the LCI data including the recycling credit does not represent the actual CO2 emissions from stainless steel production. Rather, it expresses the environmental impact of stainless steel over its entire life.The new datasets are available from worldstainless.org.

2006 LCI data 2006 LCI data with recycling credit (recycling rate = 80%) 2010 LCI data 2010 LCI data with recycling credit (recycling rate = 80%)

CO2 emissions (tonne/tonne)

comparison of lcI data (co2 emissions)

7 6 5 4 3 2 1 0
AISI 304/EN 1.4301 Cold rolled coil

ISSf annual revIew 2012 - 25

eCoNoMiCS & STaTiSTiCS

Over the past century, the level of stainless steel production has grown dramatically. By 1950, just eight countries had established stainless steel production facilities. Today that number is almost 30 and stainless steel is marketed in almost every country in the world. Keeping track of the industrys performance is one of ISSFs key roles and we are increasingly seen as the source for stainless steel data and statistics. These tools are constantly being developed and refined to meet the needs of our members, investors, regulators and the wider community. Short track Since its inception in 2004, ISSFs Short Track Business Report has become a vital resource and planning tool. Published each month, the Short Track report provides producers with a global picture of the stainless steel market. It includes data such as trends in business expectations, new orders, internal mill stocks, and deliveries. Data for both long and flat products is provided. The Short Track Business Report is only available to stainless steel producing members of ISSF who submit their data to ISSF. However, every stainless steel producing member of ISSF is welcome to join the reporting panel. Over the coming year we aim to improve the report by encouraging members to respect submission deadlines so that we can make the data available more quickly. We are also missing information from long product producers in the Americas and China. This prevents us from releasing regional results for these areas. Members in these regions should contact the ISSF Secretariat to find out how they can contribute, and benefit from, this information. global Stock StatIStIcS ISSF now collects stock statistics for both hot- and cold-rolled flat stainless steel products. Data from Canada, China, the European Union, Japan, Korea and the USA is collected on a quarterly basis. To ensure the data is anonymous, results are aggregated before they are published on the ISSF Extranet for members. The aim is to expand the number of countries covered and to include long products in the coming years. forecaStIng SySteM coMPleteD In response to demand from members, ISSFs Stock Cycle Review has been expanded to include forecasts of apparent stainless steel use for the near future. Initial tests have demonstrated that the system is highly effective and useful. Data available includes real stainless steel use by major regions and by product family. Apparent stainless steel use for the same categories is also available. The ISSF Stock Cycle Review is published twice a year in indexed form. It is distributed via ISSFs website: www.worldstainless.org. A more extensive report is made available to members via ISSFs member-only Extranet.

ISSf annual revIew 2012 - 26

StaInleSS Steel In fIgureS ISSF has been collecting economic and statistical data about the industry since the organisation was formed in 1996. During this time we have compiled an extensive and authoritative database of stainless steel statistics. This information will now be condensed into a comprehensive booklet which we intend to update and publish annually. Stainless Steel in Figures is divided into three main sections: Historical and comparative data Actual performance data The potential for stainless steel The first edition of Stainless Steel in Figures will be presented to members during ISSF-16 in Beijing. From June 2012 the brochure will also be available for download from www.worldstainless.org. Comments and suggestions for future editions are welcome.

ISSf annual revIew 2012 - 27

DeSIgn

www.deblauwepeer.be

teXt

www.textcetra.eu

IMageS SuPPlIeD by

Arturo Chao Maceiras Associao Brasileira do Ao Inoxidvel (ABINOX) IMINOX Japan Stainless Steel Association ( JSSA) Lioran Tunnel Marioff Corp. Oy Michel Monteaux Outokumpu Oyj Shanghai Krupp Stainless Ugitech S.A.

DISclaIMer

The International Stainless Steel Forum believes that the information presented is technically correct. However, ISSF does not represent or warrant the accuracy of the information contained in this document or its suitability for any general or specific use. The material contained herein is by necessity general in nature; it should not be used or relied upon for any specific or general application without first obtaining competent advice. ISSF, its members, staff and consultants specifically disclaim any and all liability or responsibility of any kind for loss, damage, or injury resulting from the use of the information contained in this brochure.