Belgium Metals Report Q2 2014

Date: February 12, 2014
Pages: 48
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Download
ID: BA1C76980D0EN

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BMI View: In Q214 we are sticking with our full-year production forecasts for Belgium's steel sector. An up-tick in Belgium's economic growth in 2014 is unlikely to filter down into the country's steel sector with the industry continuing to be hit by overcapacity coupled with sluggish demand deriving, in part, from weak growth across the region's automotive sector. The country's largest producer continues to downsize its Belgium operations, in favour of channelling investment to neighbouring regions, such as France.

Meanwhile recent calls to introduce subsidies to support the European steel industry have led to suggestions that the Belgian government may move to nationalise ArcelorMittal's steel operations in Liege.

Nationalisation may provide support for Belgium's steel sector which is being hit by flatlining demand from across the eurozone region, including from its main export market, Germany. Falling local demand has been exacerbated by an influx of cheap Chinese steel following increasing production from Chinese steel works leading to overcapacity.
BMI Industry View
Metals SWOT
Industry Forecast
Steel: Conditions To Remain Challenging For Producers
  Table: Belgium - Steel Production & Consumption ('000 tonnes, unless stated otherwise)
  Table: Belgium- Steel Industry Historical Data ('000 tonnes, unless stated otherwise)
Regulatory Development
  Table: Political Overview
Commodities Forecast
  Table: BMI Steel Forecast
  Table: Steel Data And Forecasts, 2009-2017
Commodity Strategy
Steel: Locked In Secular Downtrend
Aluminium: US$1,800/tonne To Provide Strong Support
Copper: Bearish View In Place Despite Some Recovery
Nickel: Despite Recent Gains, Downside Risks Dominate
Zinc: Channelling Support
  Table: Select Commodities - Performance & BMI forecasts
  Table: BMI Commodities Strategy
Competitive Landscape
  Table: Financial Breakdown Of Companies Operating In Belgium
Company Profile
Company Strategy
Latest Financial Results
Company Details
Financial Data
  Table: ArcelorMittal - Key Financial Data
Recent Financial Data
  Table: Alcoa - Key Financial Data
Cross Checks
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Belgium Metals Report Q1 2012 US$ 1,175.00 Jan, 2012 · 47 pages
Belgium Metals Report Q3 2014 US$ 1,295.00 May, 2014 · 51 pages
Belgium Metals Report Q4 2014 US$ 1,295.00 Aug, 2014 · 52 pages

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