The Grey Chronicles

2008.September.29

Appendix M: Tables of Correlation


Table 29: Correlation of NSC Flats Production versus World, ASEAN and Philippines Steel Production, in Metric Tons

Analysis: The data shows strong positive correlation between NSC crude (HRC and CRC) production and the Philippine crude production; while a negative correlation to the World crude production, World and ASEAN HRC production. A weak negative correlation is shown for ASEAN crude production.

Table 30: Correlation of NSC Flats Production versus World and ASEAN Steel Demand—Apparent Consumption of Finished Steel, in Metric Tons, and Apparent Consumption per Capita, kg

Analysis of Data: NSC Crude (CRC) production is strongly correlated to the ASEAN Apparent Consumption per capita (ACC), while there is a weak correlation with the Apparent Consumption of Finished Steel (ACFS) for both the Philippines and ASEAN; and a slightly strong correlation with the Philippine ACC.

Table 31: Correlation of NSC Flats Production versus World, ASEAN & Philippines Steel Trade, in Metric Tons

Analysis of Data: NSC flat carbon steel crude production is strongly correlated to the following factors: Philippine CRC, HRC, HRP, TP Imports and a weak correlation to the Philippine and ASEAN Semi-Finished and Finished (SF&F) steel imports.

Table 32: Correlation of NSC Flat Steel Production versus World & Regional Yearly Steel Prices, in US$

Analysis of Data: NSC flat carbon steel production is strongly correlated to the following steel prices: Global, Flats, Asia, North American Steel Price Indices. Similarly, NSC production is positively correlated to most of the Average Import prices for both HRC and CRC.

Table 33: Correlation of NSC Flat Steel Production versus Monthly World & Regional Steel Prices, in US$

Analysis of Data: NSC flat carbon steel production is strongly correlated to the following monthly steel prices: Global, Flats, Asia, North American Steel Price Indices.

Table 34: Correlation of NSC Monthly Production Tonnage vs. Prime Yield and Material Yield, in percent

Analysis: NSC (HRC and CRC) production is weakly correlated to Actual % Prime Yield, while it has a slightly strong correlation to Actual % Material Yield.

Table 35: Correlation of NSC Monthly Production Tonnages and Production Parameters

Analysis of Data: Monthly NSC production is strongly correlated to monthly Production Rate; slightly weak correlation with mill utilization, Quality Acceptance, and percent (%) Customer Complaints.

Table 36: Correlation of NSC Quarterly Production Parameters (Data: NSC)

Analysis of Data: Quarterly NSC production is slightly correlated to actual Material Yield, (MY), PKL2 Production Rate (PR) while shows a weak correlation for actual Prime Yield (PY), and Capacity Utilization.

Table 37: Correlation of NSC Production vs. Quarterly World Steel Index Prices (Source: NSC, CRUspi)

Analysis of Data: Quarterly NSC (CRC) production is positively correlated to all Steel Price Indices, but show higher correlation to Asia Flats and Global Steel price indices.

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