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3 January 2018
HY Corporate Credit
HY Multi Sector,Meda Cable & Satellite
2017 YTD Global Production Data
YTD November 2017 crude steel production has expanded 5.5% YoY to 1.55bn
mt versus 1.47bn mt last year representing an increase of 80.9mn mt YoY.
Figure 36: 2017 YTD Global Crude Steel Volume Trends
2017Production
Jan-17
F4217
86,693
13 354
9270
7151
2,980
3259
2403
1078
492
127.134
54,4
F umu<m Unpon
North America
Cis
Other Europe
South 4/TIO, CD
Middle Ent
Africa
Oceania
Total Production
%x/20/7 Production
Jain-17
Fob-17
Mat-17
Apr-17
8261`17
41111-13
341-17
Aug-17
Sop-17
041-17
Nor-17
YTO 2017
An
European liwon
Ptah Arnork•
OS
Other Eurep•
South Arnoncs
MidoViii Cal
Atka
04•47, 4
%of Production
Production % SIN
Jon Yr/
Feb A Y/T
art
Apr Yr/ Mai A lifY
Jun AM
Jul WY
At, VT Sop! WY
Octa WY
Nov WY Man
18%
57%
33%
3"
69%
4.7%
I%
05%
68%
125%
794%
70 3%
62%
5%
760%
170%
4.9%
24%
3.2%
53%
44,746
14 031
9,844
8.848
3.101
3.492
2.620
4116
422
198.182
PAN-17
99.151
15033
9,816
8.834
3.426
3.663
2,634
1121
tut
144.065
Aprl?
Mort?
Jun.17
Jul.17
98.900
99,201
39.008
100,715
14,339
14,719
14,216
13979
9.360
9,691
9.1768
9.1388
8.448
8.376
8.093
8.778
3,345
3.569
3.236
3.595
3.675
3,719
3.411
3,620
2)574
27300
25442
2564
1,090
1.159
1.015
1,050
MI
i.t
ti
5.1.4
142,247
143.125
141.837
144.681
17
i0.ae.17
Deb17
Nov.17
WO 2017
12,3736
13,963
9,831
9448
8,859
8.580
3,489
3,252
3.753
3.748
3.299
2,848
1.157
1,152
1.41.875
k22
144.781
14.810
9,915
8.870
3.529
1876
2791
1,193
tr,
144.970
9.23i
136280
1069564
13,933
154,917
9,679
106,382
8.585
93.888
3.37313
36.949
3,834
40,058
2.698
29.681
1.187
12,358
1.549.187
686%
10 2'
71%
63%
23%
25%
I%
08%
04%
100.0%
661%
705%
73%
6 7%
23%
26%
9%
084
03%
loon
63.8%
704%
68%
6.1%
24%
25%
1.%
08%
03%
1000%
695%
777 7%
66%
5 9%
24%
26%
/9%
08%
03%
100.0%
690%
103%
68%
59%
2.5%
26%
8%
08%
03%
1000%
698%
700%
68%
57%
23%
24%
I%
0 7%
04%
IWO%
69.6%
97
69%
6 1%
26%
25%
re.k.
07
04%
100.0%
707%
68%
6 7%
24%
25%
23%
08%
04%
1000%
694%
98%
6 7%
60%
23%
26%
20%
08%
03%
W00%
686%
102%
68%
6 1%
24%
2 7%
9%
06%
04%
IWO%
678%
703%
7.7%
6 3%
2.5%
28%
20%
09%
04%
1000%
690%
100%
69%
81%
24%
26%
1.9%
08%
04%
loon
Aiwa
Fun:04w Lln.en
"with Amwva
is
Other Europe
South Amend
5.4014fte East
Mira
Oceania
Toni
Y/Y
Production %1 WM Jan mina NIA WM IlllaraMMI AptaWM Mau MiM Jung mai Jo AMA Pac &MAI thipalliThl Oet6WM Nevallni
Aoa
European Un.0.4
North America
OS
OWN Europe
South Amanc4
84.46oVo E.
.Vera
()HSU••
Tom/ % WM
97%
43%
64%
n
128%
93%
758%
70 5%
62%
8.7%
59%
00%
34%
.39%
168%
29%
8.0%
76 91:-
21.5%
4.7%
34%
65%
6.8%
70%
5.5%
085
.04',
'3 1%
77.1%
30%
740%
234%
17.7%
120%
73%
109%
11.8%
5.4%
43%
3.2%
79%
.0.1%
.69%
106%
109%
0.8%
99%
729%
2.5%
52%
27%
0 1%
'2 5%
44%
34%
94%
49%
.113%
40%
9)%
60%
64%
20%
36%
00%
26.8%
47%
03%
'23%
104
50%
5 0%
734%
55%
37.9%
21.3%
It%
77%
624
3 In
70%
53%
174%
129%
754%
103%
-102%
84%
55%
35-„
11.0%
37%
103%
86%
70.9%
13 7%
27%
6.0%
229E
.66%
)0.5%
78%
.52%
726%
46%
.58%
5.8%
.22%
. 704%
74.0%
70%
.5 1%
14.9%
205%
.67%
126%
45%
-83%
5.5%
6.0%
.34%
0.1%
•39%
• W 7%
77%
11%
40%
/IS%
-04%
00%
02%
7.7%
08%
an
7. 7%
.77%
-4.3%
23%
'34%
-17%
.174%
127%
67%
.56%
-46%
35%
413%
21%
.04%
49%
49%
.24%
44%
-09%
'33%
84%
09%
.3.7%
34%
3 2%
..23%
67%
.91%
17.7%
.29%
a%
85%
•40%
02%
1.2%
.830
67%
3.7%
0.1%
34%
- 7 1%
55%
-2%
24%
-4.1%
191%
-737%
.19%
.33%
-29'.
72%
105%
05%
102%
-04%
36%
-05%
@1%
56%
24%
20%
1.2%
40%
115%
1.1%
OA%
-00%
Zro
0.1%
-20%
22%
'4 0%
5otc OfueSCAO Boat ftectroorg Arww L. the Vart4 ~Anon
Deutsche Bank Securities Inc.
Pogo 197
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