Austria Metals Report Q2 2014

Date: February 21, 2014
Pages: 39
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Download

Download PDF Leaflet

Includes 3 FREE quarterly updates

BMI's latest Austria Metals Report assesses the prospects for growth in the steel industry over the mediumterm following a decline in output but an increase in consumption in 2012. Within it, we have extended our forecasts for the industry out to 2018. The report examines the risk and investment strategies of leading players in the industry. It also examines the impact of a decline in the eurozone, particularly the German market, on Austrian exports. The performance of Austria's steel industry is estimated by BMI to have deteriorated during 2012 with crude output in decline by 0.6% to 7.42mnt. This was thanks to output bouncing back in the last two months of 2012 with November and December output rising by 12.8% and 25.8%, respectively. Consumption levels did increase in 2012, however, by 0.5% y-o-y from 4.52mnt as of December 31 2011 to 4.54mnt a year later.

Austrian steelmaking has suffered from the structural oversupply of standard grades, which has driven down prices on the EU market despite cutbacks in output. This has put downward pressure on margins, although there is no immediate sign of any idling of capacity. Despite the fact that volume has contracted, Austria still outperformed the 4.6% contraction reported for the whole of the EU. Austria's dominant steelmaker Voestalpine is also upbeat, expressing its confidence that business will pick up. While volume may not increase, sales could be boosted by a rise in product prices. Capacity constraints will prevent any further significant growth in crude steel beyond pre-crisis levels over the long term, although BMI expects investment in downstream sectors.
BMI Industry View
Metals SWOT
Industry Forecast
Steel: Little Growth Ahead
  Table: Austria - Steel Production & Consumption ('000 tonnes, unless stated otherwise)
  Table: Austria - Steel Industry Historical Data ('000 tonnes, unless stated)
Commodities Forecast
Commodity Strategy
Steel: Locked In Secular Downtrend
Aluminium: US$1,800/tonne To Provide Strong Support
Copper: Bearish View In Place Despite Some Recovery
Nickel: Despite Recent Gains, Downside Risks Dominate
Zinc: Channelling Support
  Table: Select Commodities - Performance & BMI forecasts
  Table: BMI Commodities Strategy
Commodities Forecast
  Table: BMI Steel Forecast
  Table: Steel Data And Forecasts, 2009-2017
Competitive Landscape
  Table: Europe - Major Listed Metal Producers
Company Profile
  Table: Voestalpine - Financial Results
Cross Checks
Skip to top

Austria Metals Report Q4 2014 US$ 1,295.00 Sep, 2014 · 42 pages
Austria Metals Report Q1 2013 US$ 1,175.00 Jan, 2013 · 47 pages
Austria Metals Report Q3 2014 US$ 1,295.00 May, 2014 · 42 pages

Ask Your Question

Austria Metals Report Q2 2014
Company name*:
Contact person*:
Request invoice
Your enquiry:
Please click on a Check Box below to confirm you are not a robot: