1. EU Steel Market Report by Christian Rubach (Germany) EFR Meeting March 9, 2010 Brussels

2. EU Crude Steel Production (1000 tonnes) 20092008% change Austria56627594-25,4 Belgium563610674-47,2 Czech Republic45946387-28,1 Finland30784418-30,3 France1283617879-28,2 F. R. Germany3267145833-28,7 Greece20822477-15,9 Hungary14012096-33,2 Italy1973730590-35,5 Luxembourg22152582-14,2 Netherlands51946853-24,2 Poland72089728-25,9 Romania26995035-46,4 Slovakia37474490-16,5 Slovenia436641-32,0 Spain1430018640-23,3 Sweden28055198-46,0 UK1008013521-25,4 EU27139143198000-29,7 Source: IISI

3. Steel Production/ Steel Scrap Consumption in the EU (million tonnes) Sources: EUROFER/BDSV (-30%) (-29%) * * estimated

4. Worldsteel Sources: World Steel Association

5. Worldsteel

6. Worldsteel The world crude steel capacity utilisation ratio of the 66 countries in January 2010 was 72.9%, an increase from 71.9% in December 2009. Compared to January 2009, the utilisation ratio in January 2010 increased by 11.6 percentage points.

7. Worldsteel Sources: World Steel Association

8. EU: Overview Steel Using Sectors Sources: EUROFER

9. EU: Forecast for real consumption Sources: EUROFER

10. EU: Forecast for apparent consumption

11. EUROFER‘s Steel Market Outlook 2010 - 2011 EU Steel market: first green shoots of recovery There are signals that economic momentum in the EU economy should gradually gain further strength this year. Progress will be slow and surrounded by uncertainties; however, the risks are now much more balanced than a year ago. Also in the steel using sectors the recovery will take hold. Activity in the manufacturing sector will be supported by improving international trade and inventory replenishment. The outlook for the engineering industries and automotive manufacturers has become slightly more upbeat.

12. EUROFER‘s Steel Market Outlook 2010 - 2011 EU Steel market: first green shoots of recovery In contrast, perspectives for the construction sector have darkened, mainly due to a further deterioration in the non- residential sector. On balance, output in the steel using sectors will rise 0.6% in 2010. A further strengthening is expected for 2011 with growth accelerating to 3.5-4%. The rebound in real steel consumption expected for 2011 will broaden the basis for growth in apparent consumption