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  • International Manganese Institute

    39th Annual Conference

    Istanbul, Turkey 2013

    Overview of the Manganese Industry

    June, 2013 Alberto Saavedra Market Research Manager

  • 2

    Introduction

    Global Steel Production

    Mn Ferroalloys Supply, Demand and Trade Flow Mn Ore Supply, Demand, Trade Flow

    EMM Trade Flow Conclusion

    Introduction Steel Mn

    Ferroalloys Mn Ore EMM Conclusion

  • 24%

    6%

    69%

    At last years 38th IMnI Annual Conference

    3

    In your opinion, what will be the most important challenge for the Manganese industry in the coming year?

    1. Sustainability and Environmental Issues

    2. Social Responsibility

    3. World oversupply

    Sources: 38th IMnIs Annual Conference Live Poll

    Introduction Steel Mn

    Ferroalloys Mn Ore EMM Conclusion

  • Period of challenges

    4

    World oversupply is not welcome in any

    market

    Much less if it comes along with challenges on the demand side due

    to

    The bad economic performance in

    Europe, the slow recovery in USA,

    sluggish growth in China, among others

    Introduction Steel Mn

    Ferroalloys Mn Ore EMM Conclusion

  • 2007 2008 2009 2010 2011 2012

    World 1 346 577 1 329 178 1 232 338 1 418 656 1 529 236 1 546 836

    -

    200 000

    400 000

    600 000

    800 000

    1 000 000

    1 200 000

    1 400 000

    1 600 000

    1 800 000

    Sources: World Steel Association

    World Crude Steel Production by Year (in 000s metric tonnes)

    5

    00

    0 T

    on

    nes

    The World Steel Production in 2012 was 1.2% higher than in 2011

    China was the most important country in terms of Steel production and its growth contributed to the worlds annual increase.

    Region 2012 % 2012 Change

    y-o-y European Union (27)

    168 935 11% -5%

    Other Europe

    39 923 3% 2%

    C.I.S. 110 956 7% -2%

    North America

    121 839 8% 3%

    South America

    46 929 3% -3%

    Africa 15 803 1% 1%

    Middle East 24 226 2% 5%

    China 716 542 46% 3%

    Asia (excluding China)

    295 878 19% 1%

    Oceania 5 805 0% -20%

    World 1 546 836 100% 1%

    2012 World Crude Steel Production by Region

    (in 000s metric tonnes)

    Introduction Steel Mn

    Ferroalloys Mn Ore EMM Conclusion

  • Sources: World Steel Association

    World Crude Steel Production by Month January 2011-April 2013 (in 000s metric tonnes)

    6

    World Steel Production in the first four months of 2013 has increased 2.7% vs. the same period in 2012 and 4.1% vs. 2011. China continues to be the most important player with the 49% of steel production (46% in the first four months of 2012). China also represented an increase of 9% in the first four months of 2013 compared to the same period in 2012 (257,395

    thousand tons -- 2013 period). India showed an increase of 4% in the first four months of 2013 vs. the same period in 2012, while most of the European

    countries showed a decrease in their steel output (a decrease of almost 1% vs. the same period in 2012).

    2011 2012 2013

    Introduction Steel Mn

    Ferroalloys Mn Ore EMM Conclusion

    105 000

    110 000

    115 000

    120 000

    125 000

    130 000

    135 000

    140 000Ja

    n-1

    1

    Feb

    -11

    Mar

    -11

    Ap

    r-1

    1

    May

    -11

    Jun

    -11

    Jul-

    11

    Au

    g-1

    1

    Sep

    -11

    Oct

    -11

    No

    v-1

    1

    Dec

    -11

    Jan

    -12

    Feb

    -12

    Mar

    -12

    Ap

    r-1

    2

    May

    -12

    Jun

    -12

    Jul-

    12

    Au

    g-1

    2

    Sep

    -12

    Oct

    -12

    No

    v-12

    Dec

    -12

    Jan

    -13

    Feb

    -13

    Mar

    -13

    Ap

    r-13

    00

    0s

    Met

    ric

    Ton

    nes

  • 2007 2008 2009 2010 2011 2012

    Consumption 13 264 13 578 12 769 14 020 18 142 18 114

    Production 14 032 14 196 11 720 14 644 17 883 17 473

    -

    2 000

    4 000

    6 000

    8 000

    10 000

    12 000

    14 000

    16 000

    18 000

    20 000

    Mn Ferroalloys Production and Real Consumption (in 000s metric tonnes)

    7 Sources: IMnI

    00

    0 T

    on

    nes

    Production increase Over

    Supply Production Decrease

    Production Decrease Flat

    It appears that after a decrease in production, the market exceed consumption in the following year. In 2012 some Mn Ferroalloy plants closed operations or reduced their output because of the bad economic climate (low

    demand) and increases in electricity tariffs.

    Over Supply

    ???

    2013

    Mn

    Ind

    ustry m

    ust b

    eware

    on

    ce again

    of o

    versu

    pp

    ly Introduction Steel

    Mn Ferroalloys

    Mn Ore EMM Conclusion

  • -

    2 000

    4 000

    6 000

    8 000

    10 000

    12 000

    14 000

    16 000

    18 000

    20 000

    2007 2008 2009 2010 2011 2012

    SiMn Cons HC FeMn Cons MC FeMn Cons SiMn Prod HC FeMn Prod MC FeMn Prod

    60%

    Mn Ferroalloys Production and Real Consumption (in 000s metric tonnes)

    8 Sources: IMnI

    59% 63% 60%

    67% 67%

    30%

    28% 30%

    25% 24%

    30%

    10%

    9%

    10%

    9% 9%

    10%

    SiMn is the most produced and consumed Mn ferroalloy As SiMn is becoming more and more popular on global scale, the proportional requirements for high-grade ore would

    grow more slowly vs mid-grade in the near term, Global MC FeMn production and consumption has shown an increase of 12% over the past six years (2007 - 2012) in terms

    of volume but continues to be the least produced and consumed Mn ferroalloy. HC FeMn production is practically the same between 2007 & 2012 (4 215 vs. 4 217 thousand metric tons in 2007 and 2012

    respectively).

    Introduction Steel Mn

    Ferroalloys Mn Ore EMM Conclusion

  • Steel, Mn Ferroalloys and Mn Ore Production Index January 2011 = 1

    9 Sources: IMnI

    Jan

    uar

    y 2

    01

    1 =

    1

    This chart compares the changes in production for the three levels of the value chain During the past two years production variations for Mn Ferroalloys and Mn Ore have been much higher than the

    movements in the Steel production market.

    Introduction Steel Mn

    Ferroalloys Mn Ore EMM Conclusion

  • HC FeMn Production and Real Consumption (in 000s metric tonnes)

    10 Sources: IMnI

    Most of the world changes in the production and consumption side are explained by China.

    HC FeMn production has been at almost the same production level during the past 6 years.

    Introduction Steel Mn

    Ferroalloys Mn Ore EMM Conclusion

    2011 2012 Change YOY

    Country 000 Tonnes % 000 Tonnes % %

    India 418 10% 422 10% 1% South Africa 419 10% 384 9% -8%

    Some Important HC FeMn Producers (in 000s metric tonnes)

    Some production regions in China were affected by production cuts due to increases in costs and slow demand (mainly).

    India was the second most important producer of HC FeMn and showed a 1% of increase in production in 2012 compared to 2011, despite the world output decrease of 4% in 2012 vs. 2011.

  • back to index

    11

    Importers

    Number Country Tons % of Imports

    1 United States 300 22%

    2 Germany 137 10%

    3 Japan 122 9%

    4 Netherlands 115 8%

    5 Taiwan 72 5%

    6 Belgium 57 4%

    7 Italy 50 4%

    8 Russia 45 3%

    9 United Kingdom 36 3%

    10 Ukraine 35 3%

    Others 405 29%

    Total 1 373 100%

    Number Country Tons % of Imports

    1 South Africa 453 33%

    2 Norway 122 9%

    3 Korea, South 118 9%

    4 Australia 107 8%

    5 Netherlands 102 7%

    6 France 102 7%

    7 India 87 6%

    8 Ukraine 80 6%

    9 Spain 53 4%

    10 Russia 50 4%

    Others 101 7%

    Total 1 373 100%

    HC FeMn Top 10 Importers and Deduced Exporters in 2012 (in 000s metric tonnes)

    Sources: GTIS

    Deduced Exporters

    Introduction Steel Mn

    Ferroalloys Mn Ore EMM Conclusion

    USA was the most important importer of HC FeMn despite the slow economic recovery in 2012.

    Germany, as the leading steel producer in Europe, which reflects the level of HC FeMn imports in 2012.

    South Africa, the third most important HC FeMn producer in 2012 was the most important deduced exporter of this Mn Ferroalloy by almost three times.

  • 12 Sources: IMnII

    Ref FeMn Production and Real Consumption (in 000s metric tonnes)

    Both, production and consumption were balanced in 2012. The increase of more specialized steels has permitted an

    increase in the consumption of this market.

    Introduction Steel Mn

    Ferroalloys Mn Ore EMM Conclusion

    Some important Ref FeMn Producers (in 000s metric tonnes)

    Norway, one of the most important producer of Refined FeMn increased its production 7% in 2012 vs. 2011, while South Korea, one of the leading countries in this market, decreased production from 163 thousand metric tons in 2011 to 140 thousand metric tons in 2012.

    2011 2012 Change YOY

    Country 000 Tonnes % 000 Tonnes % %

    Norway 198 12% 212 13% 7% South Korea 163 10%

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