MMK Growth Prospects - Magnitogorsk Iron & Steel Works
MMK Growth Prospects - Magnitogorsk Iron & Steel Works
MMK Growth Prospects - Magnitogorsk Iron & Steel Works
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Entry to Rapidly Growing Turkish Market<br />
Locations of Key Markets<br />
Turkish Flat <strong>Steel</strong> Market Structure, %<br />
Europe<br />
Istanbul<br />
Boiler making;<br />
6%<br />
Other; 12%<br />
Pipe<br />
production;<br />
25%<br />
Priority export markets<br />
Important export markets<br />
Flat <strong>Steel</strong> Market in Turkey, mln tonnes<br />
14<br />
12<br />
10<br />
8<br />
6<br />
4<br />
2<br />
0<br />
-2<br />
-4<br />
-6<br />
4,0<br />
8,0<br />
5,5<br />
Source: Metal Expert<br />
8,6<br />
Africa<br />
6,8<br />
9,2<br />
Iskenderun<br />
9,9<br />
8,7<br />
Middle East<br />
<strong>MMK</strong> will focus on flat steel in<br />
Turkey, where there is a<br />
structural shortfall<br />
12,2<br />
11,3<br />
10,6<br />
9,2 9,2 9,2<br />
2009 2010E 2011E 2012E 2013E 2014E 2015E<br />
-1,2 -1,4<br />
-2,4<br />
-2,1<br />
-3,1<br />
-2,9<br />
-4,0<br />
Flat steel production Flat steel consumption Balance<br />
Source: ING<br />
Packaging; 7%<br />
Auto industry;<br />
13%<br />
Long <strong>Steel</strong> Market in Turkey, mln tonnes<br />
30<br />
25<br />
20<br />
15<br />
10<br />
5<br />
0<br />
20,5<br />
24,0 24,5 24,9<br />
Spot sales;<br />
18%<br />
Metal Service<br />
Centers; 19%<br />
25,7 25,7 25,7<br />
12,5<br />
13,8 13,7 13,6 13,8 13,2<br />
13,2<br />
9,7 10,2 10,7 11,3 11,9<br />
12,5<br />
10,8<br />
2009 2010E 2011E 2012E 2013E 2014E 2015E<br />
Long steel production Long steel consumption Balance<br />
Source: Metal Expert<br />
18
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