Australia Metals Report Q1 2015

Date: October 29, 2014
Pages: 60
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Download

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Includes 3 FREE quarterly updates

BMI View: Australia will see subdued growth in both production and consumption of most metals as a weakening global commodity market continues to take its toll on the economy. While significant additional global monetary stimulus should help to boost metal prices in the near term, the bout of loosening measures will be insufficient to stem the slowdown and the medium-term outlook for metals remains weak.

We expect a slowdown in the metals industry in Australia on the back of slowing demand in China. Weak demand from slowing domestic construction and a cooling export market will continue to undermine Australia's steel industry in 2015 and beyond. We do not expect crude to approach pre-crisis levels for many years. The country's two dominant steel producers, BlueScope Steel Ltd and Arrium Ltd (previously known as OneSteel Ltd), have embarked on a series of consolidation plans and restructuring programmes aimed at reducing operating costs and curbing overcapacity amid an environment of weak demand and declining steel prices.
BMI Industry View
Metals SWOT
Industry Forecast
Steel: Construction Slowdown To Dominate
  Table: Steel Production & Consumption (Australia 2010-2018)
  Table: Steel Industry Historical Data (Australia 2005-2012)
Aluminium: Slow Growth To 2017
  Table: Aluminium Production & Consumption (Australia 2010-2018)
Nickel: Weak Prices To Restrain Output Growth
  Table: Refined Nickel Production & Consumption (Australia 2010-2018)
Regulatory Development
Tax Regime
  Table: Australia - Political Summary
Commodities Forecast
Commodity Strategy
Ferrous Metals
Non-Ferrous Metals:
Aluminium: Prices To Remain Elevated Following Recent Dip
Copper: Chinese Weakness To Create Further Headwinds
Nickel: No Sustained Rally Ahead
Zinc: Subdued Short-Term Outlook Before Multi-Year Gains
  Table: Select Commodities - Performance And BMI Forecasts
Steel: Prices To Head Higher From 2016
  Table: BMI Steel Price Forecast
Short-Term Outlook (three-to-six months)
Long-Term Outlook
Production: Chinese Rationalisation Measures To Bite
Consumption: Slowing Demand Growth On The Horizon
Burgeoning Chinese Exports Will Not Last
Eurozone Growth Downgrade Highlights Long Road To Recovery
Risks To Price Forecast
  Table: Steel Data & Forecasts
Competitive Landscape
Australia To Remain World Leader for Investment
  Table: Australia - Largest Listed Metal Producers
Company Profile
Rio Tinto
Company Overview
Company Strategy
Latest Financial Results
  Table: Rio Tinto - Key Financial Data
BHP Billiton
Latest Financial Results
  Table: BHP Billiton - Supply Chain Analysis
  Table: BHP Billiton - Key Financial Data
Cross Checks
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