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1 For Official Use DSTI/SU/SC(2007)25 DSTI/SU/SC(2007)25 For Official Use Organisation de Coopération et de Développement Economiques Organisation for Economic Co-operation and Development 14-May-2007 English text only DIRECTORATE FOR SCIENCE, TECHNOLOGY AND INDUSTRY STEEL COMMITTEE LATIN AMERICAN STEEL INDUSTRY 17 May 2007 Presentation by Mr. Luis Sotomayor, ILAFA. Steel Committee meeting on 17 May 2007, Istanbul, Turkey. Anthony de Carvalho, Administrator, Structural Policy Division Tel: +(33-1) , Fax: +(33-1) , English text only JT Document complet disponible sur OLIS dans son format d'origine Complete document available on OLIS in its original format

2 Latin American Steel OECD / IISI Steel Conference Latin American Iron and Steel Institute ILAFA Istanbul,Turkey May, 2007 III. A Balanced Steel Market IV. A Competitive V. Concerns VI. Final Comments 2

3 Outlook Macroeconomic facts: General Economic Indicators (% yoy) (e) 2008 (f) Gross Domestic Product (GDP) Industrial Production (IP) Capital Formation: Equipment and Machinery Construction Imports Exports Source: ECLAC 3

4 Main Figures Finished Steel Year Production Imports Exports ASU* ,0 9,3 11,4 48, ,9 12,2 12,8 52, ,6 12,7 14,5 55,7 * Deducting steel receipts Source: ILAFA Latin American Finished Steel Production Million metric tons 27, 55 27,95 27, 93 30, 00 25, 00 21, 30 20, 36 22,85 20, 00 15, 00 10, 00 2,07 2, 15 2,21 5, Longs Flat s Seamless Tubes 4

5 Latin American Finished Steel Production By Country 2006 mmt Argentina Cuba Brazil Chile Colombia Mexico Peru Venezuela Ecuador III. A Balanced Steel Market 5

6 Equilibrium between Demand and Supply Mmt 80,0 60,0 40,0 20,0 - Apparent Steel Use Finished Steel Production A Balanced Finished Steel Trade Finished Steel Imports Finished Steel Exports Mmt * Semis not included 6

7 III. A Balanced Steel Market IV. A Competitive A Competitive ILAFA members WTO Natural Resources Environment Modernization 7

8 Latin American Steel Consolidation Rank Company MMt Share Accum. 1 Arcelor Mittal % 28% 2 Ternium % 43% 3 Usiminas-Cosipa % 57% 4 Gerdau Group % 70% 5 CSN 5.1 8% 78% Others % 100% Total Latin America 63 III. A Balanced Steel Market IV. A Competitive Business V. Concerns 8

9 Concerns ILAFA members do not receive subsidies Latin America cannot compete with unfair trade Growing Chinese exports to the region Volume: A Growing Steel Trade Deficit Latin American Steel Trade with China (Tons, 2006) Products Latin American Trade Imports Exports Balance Chapter 72 1,566, ,591 (951,531) Chapter ,716 41,716 (802,000) Indirect steel trade* 2,545,469 73,790 (2,471,679) TOTAL 4,955, ,097 (4,225,210) * Steel contents Source: China-Latin America Steel Trade Statistical Yearbook ILAFA ( 9

10 Speed: Chinese exports to Latin America are growing faster than to the rest of the world 2004=1,00 6,00 Index 5,00 4,00 3,00 2,00 1, World without Latin America Latin America Future: Monthly Evolution and Trend of Chinese Exports to Latin America Total 2006: 1,566, Forecast 2007 Tnos Historical Data 2006 Total 2007: 3,600,000 - January February March April May June July August September October November December January February March April May June July August September October November December Month 10

11 III. A Balanced Steel Market IV. A Competitive Business V. Concerns VI. Final Comments Final Comments Latin American steel companies aligned with world industry trends, committed to WTO rules, privatized and without subsidies A balanced steel market A region that will not cause injuries to other steel markets Constructive and permanent dialogue could prevent Latin America and China trade disputes 11