Changing Profile of Chrome due to changes in consumption pattern

• 1. Alloy Steels & ChromePrabhash Gokarn

2. Current Views / Hypotheses Stainless Steel is the key driver of Chrome alloy demand Top 5 countries/regions account for most of the SS productionand thus chrome alloy demand : China Western Europe Japan Korea Taiwan Price levels for Charge Chrome and Ferro Chrome are similar. Prabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 3. Steel Classification & Definitions - 1Prabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 4. Steel Classification & Definitions - 2 Chrome ContentPrabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 5. Functions of Chrome in alloying of steelPrabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 6. Where the demand for Chrome comes fromPrabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 7. How the demand for Chrome is growingPrabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 8. High growth segments & markets for ChromePrabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 9. High growth segments & markets for ChromePrabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 10. Chrome Alloys different usage based on typePrabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 11. Asia Crude Steel Production in 2010Prabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 12. Asia Stainless Steel Production in 2010Prabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 13. Alloy Steel Production in 2010 - ChinaPrabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 14. Alloy Steel Production in 2010 - IndiaPrabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 15. Alloy Steel Production in 2010 - JapanPrabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 16. Charge Chrome DemandPrabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 17. High Carbon Ferro Chrome DemandPrabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 18. Other Ferro Chrome DemandPrabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 19. Sources of Charge & Ferro ChromePrabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 20. Regional Charge / HC Ferro Chrome Production Prabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 21. Steel Production in Selected Countries Prabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division 22. Key Points / ConclusionsInitial HypothesisEmerging Market place changes Stainless Steel is the key driver of In addition to Stainless Steel, AlloyChrome alloy demandSteel has emerged as a fast growing & significant market Top 5 countries/regions accountfor most of the SS production and Significantgrowth in demandthus chrome alloy demand : outside the top 5 countries, China (currently 22kt), growing @20%. New growth areas of SS India, Western Europe Malaysia, Indonesia Japan Korea Differentialprice levels FeCr Taiwanprices are more volatile, command a premium, specially for low phos, Price levels for Charge Chrome and low Si etc.Ferro Chrome are similar. Prabhash Gokarn, Head M&BD, Ferro Alloys & Minerals Division