BlueScope Steel Market Analysis and Financial Overview

Dynamic Global Steel Market North America Consolidation continues Scrap and coke prices / availability • Scrap surcharges Economic recovery underway • Section 201 lifted • Weak US$ Europe • • • Strong Euro Consolidation benefits evident Weak demand, apart from Russia Restricted scrap exports from CIS China • Demand is strong Imports increased Quotas relaxed New capacity Reduced coke & coal exports Global • Record high US$ steel prices J J J J Inflating raw material costs Freight costs Asia/Australasia Japan at capacity Korean shipyards full Key market remains China ⚫ South East Asian economies improving Global exchange rate volatility

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