Note Production refers to crude steel, consumption to finished steel products.

Table 5. International trade in finished steel products by major regions (Mt.)

Consumption of finished steel is smaller than production of crude steel due to losses in production of finished products (the discarded material is recycled).

Semi finished products are steel shapes (blooms, billets or slabs) that are later rolled into finished products such as beams bars or sheet.

Crude steel is used to produce semi finished and finished products destined for internal consumption as inputs for further processing or for sale.

Finished products

Steel and related specialty products

Export of finished products

(iii) Steel and related specialty products

Table 4. Finished steel consumption by major region (Mt.)

Production of finished wood products 22.9

Production of finished textile products 81.6

Alloyed steels account for a relatively small portion of all finished steel products, and their production and use are concentrated in developed countries and China.

Growing world consumption of finished steel products was largely driven by the growth of demand in Asia, particularly in China, and, to a lesser extent, India.

Finished products are subdivided into two basic types flat and long products.

Wire drawn products and seamless pipes are also part of the long steel products group.

World exports of finished and semi finished steel increased from 245.4 Mt. in 1996 to 337.9 Mt. in 2003.

2. Further processing means the transformation of logs into primary wood products, semi finished and finished products made wholly or almost wholly of tropical timber and transformation of other forest products to give them added value

Thin flat products find end use applications in automotive body panels, domestic white goods products, tin cans and a range of other everyday products containing steel.

It specializes in high quality, special steel products designed for the most complicated uses.

In the recent past, the prices of these products have increased faster than steel prices.

Booklets, pamphlets, fact sheets, wall charts and information kits eight issues on advance statistics on the iron steel industry (imports, exports and production of steel products).

A long steel product is a rod, bar or section. Typical rod products are reinforcing rods for concrete, engineering products, gears, tools and a range of products used in building construction.

Thus, steel products as a group were less dynamic than world exports but slightly more dynamic than commodities.

(d) Quarterly data on production, imports and exports of raw material and iron and steel products (ECE 29)

Promoting participation of developing countries in dynamic and new sectors of world trade (iii) Steel and related specialty products

However, several other developing countries, mainly medium or high income ones, have been able to build steel industries that are competitive on world markets and export significant quantities of steel products.

Experts noted that the world steel industry was currently enjoying a boom period, with very high prices for all steel products and hence in spite of high input prices record profits.

However, since steel trade consists of trade in a large number of different steel products, the global figure may considerably understate the impact of Chinese exports and, particularly, imports on individual markets.

19. The GCO inventory of raw materials, products in process and finished goods are valued at standard cost.

Though slightly more expensive than traditional steel or aluminium alternatives, these titanium products can be significantly lighter without compromising strength.

Finished goods were imported at excessively high prices set by Russia, while the prices for Donets' industrial products was low.

Source World Steel Dynamics, Steel Strategist, May 2003.

China, in turn, is a major market for final products, intermediate goods (including those used to produce finished exports), and commodities.

So, starting with steel how do you make steel?

Enough! It's finished! I'm finished!

Apparent consumption of finished steel increased from 698 Mt. in 1996 to 967.9 Mt. in 2004, a growth of 38.7 per cent (9.2 per cent in 2004).

Many sell raw materials or base products Ukrainian steel, for example where export competitiveness depends less on product quality than on global commodity prices.

Steel Drum

Cold Steel

Steel works.

Source World Steel Dynamics, The Steel Strategist, 24, June 1998.

The eight days are finished. The play is finished. We are finished.

Five reports to the working party on steel on steel statistics (two) steel markets (two) and consumption and trade.

If it is led into a more adventurous strategy, its sustained policy of research and heavy investment in up market steel products may be weakened.