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Table 1: Selected U.S. Steel Industry Data, December & Year-to-Date, 2011
Month of December
2011
2010
% Chg
8,250
7,329
12.6%
2011
95,237
Year-to-Date
2010
88,730
% Chg
7.3%
75.2
68.4
--
74.4
70.4
--
8,086
7,111
13.7%
91,865
83,444
10.1%
Exports .....................................
1,201
928
29.4%
13,454
12,004
12.1%
Total Imports.............................
2,064
1,872
10.3%
28,515
23,929
19.2%
1,577
1,505
4.8%
21,835
18,857
15.8%
8,462
7,688
10.1%
100,246
90,297
11.0%
Imports as % of Supply*..........
18.6
19.6
--
21.8
20.9
--
$793
$758
4.7%
$867
$705
23.0%
$434
$354
22.6%
$437
$348
25.7%
#shredded scrap
Table 2: U.S. Spot Prices for Selected Steel Products, February & Year-to-Date, 2012
Month of February
2012
2011
% Chg
735
845
-13.0%
830
926
-10.4%
934
968
-3.5%
2012
732
830
942
$833
$913
-8.8%
$835
$881
-5.3%
#1 Heavy Melt...
Shredded Scrap...
#1 Busheling.
393
435
470
396
432
465
-0.8%
0.7%
1.1%
407
451
487
411
444
471
-1.0%
1.6%
3.4%
Year-to-Date
2011
% Chg
809
-9.5%
906
-8.4%
929
1.4%
% Chg
-5.6%
11.3%
C.I.S.
9,404
9,541
-1.4%
9,404
9,541
North America
10,340
9,874
4.7%
10,340
9,874
-1.4%
4.7%
South America...
3,798
3,746
1.4%
3,798
3,746
1.4%
Africa/Middle East.....
1,549
1,571
-1.4%
1,549
1,571
-1.4%
Asia..
73,823
83,361
-11.4%
73,823
83,361
-11.4%
Oceania......
458
733
-37.5%
458
733
-37.5%
Total
116,675
126,609
-7.8%
116,675
126,609
-7.8%
China.......
Japan...
52,072
8,631
59,871
9,655
-13.0%
-10.6%
52,072
8,631
59,871
9,655
-13.0%
-10.6%
United States..
7,600
7,191
5.7%
7,600
7,191
5.7%
India(e).
6,100
6,145
-0.7%
6,100
6,145
-0.7%
Country
Russia.
5,948
5,927
0.4%
5,948
5,927
0.4%
South Korea.......
5,120
5,664
-9.6%
5,120
5,664
-9.6%
Germany...
3,353
3,665
-8.5%
3,353
3,665
-8.5%
Turkey..
3,135
2,741
14.4%
3,135
2,741
14.4%
Ukraine....
2,871
2,918
-1.6%
2,871
2,918
-1.6%
Brazil....
2,780
2,764
0.6%
2,780
2,764
0.6%
All Others....
19,065
20,068
-5.0%
19,065
20,068
-5.0%
-2-
2006
419.1
116.2
98.6
49.5
70.8
48.5
47.2
40.9
30.9
23.3
31.6
20.0
16.4
234.2
1,247.2
2007
489.3
120.2
98.1
53.5
72.4
51.5
48.6
42.8
33.8
25.8
31.6
20.9
17.6
240.0
1,346.1
2008
500.3
118.7
91.4
57.8
68.5
53.6
45.8
37.3
33.7
26.8
30.6
19.9
17.2
225.6
1,327.2
2009
573.6
87.5
58.2
62.8
60.0
48.6
32.7
29.9
26.5
25.3
19.8
15.9
14.0
174.6
1,229.4
-3-
2010
638.7
109.6
80.5
68.3
66.9
58.9
43.8
33.4
32.9
29.1
25.8
19.8
16.7
202.8
1,413.6
2011p
695.5
107.6
86.2
72.2
68.7
68.5
44.3
35.3
35.2
34.1
28.7
22.7
18.1
209.8
1,526.9
% Chg
8.9%
-1.8%
7.1%
5.7%
2.7%
16.2%
1.0%
5.7%
6.8%
17.0%
11.3%
14.7%
8.6%
0.3%
6.8%
Europe
EU (27)
CIS
North America
United States
South America
Africa
Middle East
Asia
China
Japan
Australia/N Zealand
World Total
2006
355.1
206.9
119.9
131.8
98.6
45.3
18.7
15.4
674.1
421.0
116.2
8.7
1,249.0
2007
365.0
210.2
124.2
132.6
98.1
48.2
18.7
16.5
757.3
489.7
120.2
8.8
1,347.0
2008
344.3
198.2
114.3
124.5
91.4
47.4
17.0
16.6
783.0
512.3
118.7
8.4
1,341.2
2009
266.1
139.4
97.6
82.6
58.2
37.8
15.3
17.7
810.4
577.1
87.5
6.0
1,235.8
2010
314.4
172.6
108.2
111.4
80.5
43.9
16.6
19.6
915.8
638.7
109.6
8.1
1,429.9
2011p
329.0
177.4
112.6
118.9
86.2
48.4
14.3
20.9
988.2
695.5
107.6
7.2
1,526.9
% Chg
4.6%
2.8%
4.0%
6.8%
7.1%
10.2%
-13.8%
6.9%
7.9%
8.9%
-1.8%
-11.1%
6.8%
Dec 11
142
217
401
312
201
190
53
86
11
4
1
66
25
53
234
1,996
Dec 10
144
368
408
192
195
216
69
64
42
18
3
20
12
27
94
1,872
% Chg
-1.3%
-41.0%
-1.7%
62.4%
2.9%
-12.2%
-23.3%
34.3%
-73.8%
-75.5%
-127.2%
230.6%
111.2%
95.9%
148.5%
6.6%
YTD 11
1,986
4,207
6,030
3,109
2,836
2,891
1,376
1,238
814
135
51
717
358
798
1,901
28,447
YTD 10
1,482
4,305
6,643
995
2,041
2,822
1,375
861
559
121
32
582
130
776
1,205
23,929
% Chg
34.0%
-2.3%
-9.2%
212.4%
38.9%
2.4%
0.1%
43.8%
45.6%
11.9%
59.7%
23.2%
175.7%
2.8%
57.7%
18.9%
Steel Industry Update (ISSN 1063-4339) published 12 times/year by Locker Associates, Inc. Copyright 2012 by Locker Associates, Inc. All
rights reserved. Reproduction in any form forbidden w/o permission. Locker Associates, Inc., 225 Broadway Suite 2625 New York NY 10007.
-4-
2011
6,730,288
3,440,829
603,081
8,864
32,358
160,101
95,752
50,495
13,974
120,021
19,162
126,900
35,761
216,541
117,583
1,682,485
13,454,195
2010
6,630,872
2,605,787
472,299
10,558
21,700
157,587
68,182
62,167
16,187
110,723
16,845
96,410
40,909
277,572
99,262
1,316,772
12,003,832
% Chg
1.5%
32.0%
27.7%
-16.0%
49.1%
1.6%
40.4%
-18.8%
-13.7%
8.4%
13.8%
31.6%
-12.6%
-22.0%
18.5%
27.8%
12.1
Table 8: US Sales Volume by Top Seven Automakers, December & YTD 2011
Automaker
General Motors
Ford
Toyota
Chrysler
Honda
Nissan
Hyundai/Kia
Total Top 7
Dec 11
234.4
210.1
178.1
138.0
105.2
101.0
94.2
1,061.0
Dec 10
224.2
191.0
177.5
100.7
129.6
93.7
75.2
991.9
% Chg
4.5%
10.0%
0.4%
37.1%
-18.8%
7.7%
25.1%
7.0%
2011
2,503.8
2,148.8
1,644.7
1,369.1
1,147.3
1,042.5
1,131.2
10,987.4
2010
2,215.2
1,935.5
1,763.6
1,085.2
1,230.5
908.6
894.5
10,033.1
% Chg
13.0%
11.0%
-6.7%
26.2%
-6.8%
14.7%
26.5%
9.5%
2008
12,599
50.8%
218
2009
8,559
53.7%
135
-5-
2010
11,905
57.3%
165
2011e
12,775
58.4%
249
2012p
13,414
59.1%
293
2013p
13991
59.4%
335
Sales
EBITDA
Operating profit
Excluding non-recurring items
Underlying operational result
Profit before taxes
Excluding non-recurring items
Net profit for the period
Stainless steel deliveries*
Stainless steel base price ($EUR)
Personnel at the end of period
FY 10
$4,229
172
-83
-66
-91
-143
-135
-$124
1,315
$1,252
8,431
% Chg
18.4%
-53.5%
213.3%
65.2%
-27.5%
76.9%
135.6%
50.0%
5.8%
-5.7%
-2.1%
Source: SteelGuru, 2/2/12; in EUR million dollars; *steel deliveries in 000 tonnes
Sales
EBITDA
Operating Income
Net income
Basic EPS
Own iron ore output
Iron ore shipped
Crude steel output
Steel shipment
EBITDA/tonne
FY 10
$78,025
8,525
3,605
2,916
2
49
25
91
85
100
% Chg
20.4%
18.7%
35.9%
-22.4%
-24.4%
10.6%
11.1%
1.4%
0.9%
18.0%
Source: SteelGuru, 2/2/12; in US$, except Basic EPS; steel/ore in million tonnes
Q4 '11
$5,030
237
1
6,009
5,458
$868
43
3
-6-
Q3 '11
$5.499
420
193
5,866
5,708
$910
74
34
Q3 '10
$4,573
158
-67
5,636
5,432
$769
29
-12
FY '11
$21,035
2,109
1,198
24,215
22,249
$892
95
54
FY '10
$17,684
1,555
691
23,101
21,028
$781
74
33
-7-
Canada..
Mexico
Other W. Hemisphere..
European Union
Other Europe*..
Asia.
Oceania.
Africa..
Total
Imports: Customs District
Atlantic Coast
Gulf Coast/Mexican Border
Pacific Coast.
Gr Lakes/Canadian Border.
Off Shore
Month of December
2011
2010
% Chg
402
408
-1.5%
190
216
-12.0%
349
212
64.6%
338
368
-8.2%
171
103
66.0%
585
495
18.2%
25
50
-50.0%
4
19
-78.9%
2,064
1,872
10.3%
196
955
387
515
11
238
789
302
532
11
Update #271
-8-
-17.6%
21.0%
28.1%
-3.2%
0.0%
2011
6,032
2,890
3,487
4,329
2,558
8,128
948
144
28,515
3,070
12,850
5,028
7,374
193
Year-to-Date
2010
% Chg
6,643
-9.2%
2,822
2.4%
1,277
173.1%
4,305
0.6%
2,154
18.8%
5,940
36.8%
659
43.9%
129
11.6%
23,929
19.2%
2,971
8,423
4,413
7,920
202
3.3%
52.6%
13.9%
-6.9%
-4.5%
Over the last 28 years, the firm has directed over 225 projects spanning manufacturing,
transportation, distribution and mining industries. Typical projects involve in-depth analysis of a
firms market, financial and operating performance on behalf of a cooperative labormanagement effort. Locker Associates also produces a widely read monthly newsletter, Steel
Industry Update that circulates throughout the U.S. and Canadian steel industry.
MAJOR CLIENTS
United Steelworkers
Bank of Boston
Congress Financial
Santander Investment Securities
AEIF-IAM/AK Steel Middletown
Prudential Securities
US Steel Joint Labor-Mgmt Comm
LTV Steel Joint Labor-Mgmt Committee
Intl Union of Electrical Workers
Bethlehem Joint Labor-Mgmt Comm
Inland Steel Joint Labor-Mgmt Comm
Northwestern Steel and Wire
Boilermakers
American Federation of Musicians
USS/KOBE
Sysco Food Services of San Francisco
International Brotherhood of Teamsters
Development Bank of South Africa
J&L Structural Steel
RECENT PROJECTS
Business Plan for High-Tech Startup (2009-present): drafted detailed business plan to
raise capital and promote a new hydrogen battery technology
IBT-Supervalu (2010): assist union and management to identify major operational problems
impacting warehouse performance and provide recommendations for joint improvement
Institute of Scrap Recycling Industries (2010): presented a status report on the U.S. steel
market before the Institute of Scrap Recycling Industries Commodities roundtable
Save the World Air-Marketing (2009-present): developed a marketing plan to help drive
sales of a green technology product, ELEKTRA, an electronic fuel device for trucks that
increases fuel economy (mpg's), reduces exhaust emissions and improves engine performance