EFTA01385469.pdf

3 January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite Steel Production by Type of Process Oxygen Furnaces (--75%) compared with EAFT's (--25%) For the year ended 2016 oxygen furnaces accounted for 75% of steelmaking processes globally versus EAF's, which made up 25%. China has -63% of the oxygen furnaces globally, comprising 95% of Chinese production. At 53% of its total output, India was the top EAF manufacturer in 2016, producing 55mn mt. The U.S. produced 52.6mn mt of steel through EAF's, or two-thirds of overall U.S. production, with the remaining one-third using oxygen furnaces. ig UFO 3.1- -::Role Steel Prcitietion by Process Type 2016 by Country / Geography Oxygen Furnace Electric Arc Furnace All Other Types Total Production (Millions of Metric Tonnes) %Supply Tonnes % Supply Tonnes % Supply Tonnes % Supply Tonnes France 66.1% 9.5 33.9% 4.9 - - 100% 14.4 Germany 70.1% 29.5 29.9% 12.6 - - I 100% 42.1 Italy 24.3% 5.7 75.7% 17.7 - - 100% 23.4 Poland 56.8% 5.1 43.2% 3.9 - - I 100% 9.0 Spain 33.9% 4.6 66.1% 9.0 - - 100% 13.6 United Kingdom 80.6% 6.1 19.4% 1.5 - - 100% 7.6 Other European Union 71.6% 37.2 28.4% 14.7 J - - 100% 51.9 European Union 60.3% 97.7 39.7% 64.3 - - 100% 162.0 Turkey 34.1% 11.3 65.9% 21.9 i - - 100% 33.2 Others 44.1% 2.0 55.9% 2.5 - - 100% 4.5 Other Europe 35.3% 13.3 64.7% 24.4 - • 100% 37.7 Russia 66.9% 47.4 30.8% 21.8 2% 1.71 100% 70.9 Ukraine 71.7% 17.4 6.8% 1.6 21% 5.2 100% 24.2 Other as 56.9% 4.2 43.1% 3.1 - - 100% 7.3 OS 67.3% 68.9 26.0% 26.61 7% 6.9 100% 102.3 Canada 55.4% 7.0 44.6% 5.6 - - 100% 12.6 Mexico 26.2% 4.9 73.8% 13.9 - 100% 18.8 United States 33.0% 25.9 67.0% 52.6 - - 100% 78.5 NAFTA l 34.4% 37.8 65.6% 72.1 I - - 100% 109.9 Brazil 77.3% 24.2 21.1% 6.6 1.6% 0.5 100% 31.3 Other Central & South America 7.3% 3.5 92.7% 6.2 - - 100% 9.7 Central & South America 67.5% 27.6 31.3% 12.9 : 1.2% 0.5 100% 41.0 Egypt 11.4% 0.6 88.6% 4.4 - - 100% 5.0 South Africa 62.2% 3.8 37.8% 2.3 - - I 100% 6.1 Other Africa 33.8% 0.6 65.9% 1.3 0.3% 0.0 100% 1.9 Africa 38.5% 5.0 61.4% 8.0 - 0.0 100% 13.0 Iran 12.2% 2.2 87.8% 15.7 - - 100% 17.9 Other Middle East - - 100.0% 13.6 100% 13.6 Middle East 6.9% 2.2 93.1% 29.31 - - 100% 31.5 China 94.8% 766.4 5.2% 42.0 - 100% 808.4 India 42.7% 40.8 573% 54.8 - - 100% 95.6 Japan 77.8% 81.5 22.2% 23.3 - 100% 104.8 South Korea 69.3% 47.5 30.7% 21.1 - 100% 68.6 Taiwan, China 64.2% 14.0 35.8% 7.8 - - 100% 21.8 Other Asia 6.9% 1.8 93.1% 24.1 - - 100% 25.9 Ada 84.6% 952.0 15.4% 173.1 - - 100% 1,125.1 Australia & New Zealand 78.2% 4.6 21.8% 1.3 1 - 100% 5.9 Oceania 78.2% 4.6 21.8% 1.3 • • 100% 5.9 Total 74.3% 1,209.2 25.3% 411.8 0.5% 7.4 100% 1,628A $0.tte Cer2t'e Sn. r^etcreict Steer Assoc...x.1 Deutsche Bank Securities Inc. Page 195 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0086754 CONFIDENTIAL SDNY_GM_00232938 EFTA01385469