Metals Business Intelligence
By Tom Stundza -- Purchasing, 2/12/2009 2:00:00 AM
120K
Global metric-ton copper surplus
Source: International Copper Study Group
WHAT IT MEANS: World refined copper market was 48,000 metric tons higher at the end of September than at the same time a year earlier. This is a cathode price depressant.
2
Years needed for steel market to recover
Source: Nippon Steel
WHAT IT MEANS: World steel demand for everything from autos to home appliances will continue to remain weak, says Japan's largest steelmaker. Despite massive global cutbacks in output, prices will remain soft for some time to come.
33%
Steel industry's greenhouse gas reduction since 1990
Source: American Iron and Steel Institute
WHAT IT MEANS: U.S. steel industry's efficiency since 1990 has reduced the energy used and greenhouse gases emitted (per ton of steel shipped) by 2008. This is way ahead of the target reduction in greenhouse emissions in the Kyoto Protocol, which sought a 7% average reduction in steel industry emissions between 1990 and 2012.
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