United States Metals Report Q1 2014

Date: December 18, 2013
Pages: 67
US$ 1,295.00
Publisher: Business Monitor International
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: UD587224A5CEN

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Includes 3 FREE quarterly updates

BMI View: Our overall tepid forecast for the refined metals sector in the US is based on a steady but less than robust economic recovery, and the continued long-term trend of declining consumption and metal intensity per unit of economic growth. In the short term, we expect that refiners and metal producers will continue bringing production back online as the country's economic outlook improves, particularly in the construction and automotive sectors. However, production and consumption will probably remain below pre-crisis levels for some time.

We believe that slow but steady growth in the metals sector will roughly track broader GDP growth, which we forecast to average 2.6% from 2014 to 2017. Gains in the manufacturing sector, including the automotive and construction sectors, should lead to steady, albeit low, growth. However, elevated inventories, weak foreign demand, and increased competition from cheap imports will cap production increases. Data continues to indicate that while metal industry activity has increased since the end of 2012, industry growth has slowed.
BMI Industry View
Metals SWOT
Industry Forecast
Steel: Positive Trends To Reverse By Mid-Decade
Capacity Utilisation Uptrend Continues
Construction And Automotive Sectors To Support Consumption
  Table: US - Steel Production, Consumption And Balance
Aluminium: Production And Consumption Trends To Diverge
Economic Recovery To Boost Consumption
Production Capacity Remains Under Pressure
  Table: US - Aluminium Consumption, Production And Balance (kt)
Copper: Muted Recovery
Housing Recovery To Boost Consumption
Economic Growth To Bring Production Increases
  Table: US - Refined Copper Production And Consumption (kt)
Zinc: Production And Consumption Growth Subdued
Small Increase In Consumption Growth
Production Growth To Remain Muted
Reliance On Imports To Continue
  Table: US - Refined Zinc Production And Consumption ('000 tonnes)
Regulatory Development
Tax Regime
Minimal Corruption
  Table: US Political Overview
Commodities Forecast
Iron Ore: Rally To Fade In Q413
Steel: Supply Glut To Endure
Aluminium: Surge Gives Way
Copper: Weak Outlook
Lead: Short-Term Weakness
Nickel: Still The Laggard
Zinc: Still A Surplus Market
  Table: Select Commodities - Performance And BMI Forecasts
  Table: Global Commodities Strategy
Commodities Forecast
  Table: BMI Steel Forecast
  Table: Steel Forecast
Competitive Landscape
  Table: US - Financial Data For Key Listed Metals Firms, FY 2012
Steel Sector Opportunities
Base Metals Remain Consolidated
Company Profile
Alcoa - Q1 2014
Recent Financial Data
  Table: Alcoa - Key Financial Data
Company Strategy
Recent Financial Results
  Table: Nucor - Key Financial Data
Company Strategy
Company Details
Financial Data
  Table: ArcelorMittal - Key Financial Data
Cross Checks
United States Metals Report Q3 2014 US$ 1,295.00 Jun, 2014 · 66 pages
United States Metals Report Q4 2014 US$ 1,295.00 Sep, 2014 · 73 pages
United States Metals Report Q2 2014 US$ 1,295.00 Mar, 2014 · 65 pages
Roofing - United States US$ 643.00 Apr, 2012

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